Richard Shepherd
Surety Attorney
Park Ridge,IL
Overview
13
13
years of professional experience
6
6
years of post-secondary education
2
2
Certifications
Work History
Vice President, Claims Expert
Swiss Re Corporate Solutions
06.2023 - Current
- Investigated, analyzed, negotiated, and resolved surety bond claims, in both commercial and contract surety.
- Identified and mitigated loss through setting and adjusting reserves and pursuing recovery strategies.
- Managed outside counsel, consultants, and third-party administrator claims adjusters.
- Established a data-driven culture through serving as the Data Super User for the United States market.
Senior Surety Claims Counsel
CNA Surety
08.2022 - 06.2023
- Managed and investigated complex contract surety bond claims.
- Analyzed construction contracts, financial documents, construction schedules, and communications to verify and quantify payment bond claims.
- Performed surety obligations through tendering and taking over construction contracts to completion.
Claims Counsel
DWF Claims
12.2021 - 07.2022
- Handled claims on behalf of Certain Subscribing Underwriters of Lloyd's of London
- Analyzed and investigated coverage, liability, and quantum of complex professional liability claims
- Communicated findings and recommendations to Underwriters, within prescribed timeframes and procedures
- Managed outside coverage counsel and defense counsel, to handle litigation and coverage investigations
Surety Claims Counsel
CNA Surety
12.2019 - 12.2021
- Analyzed and investigated complex payment and performance bond claims, both in contract and commercial surety.
- Worked with claimants, principals, counsel, and underwriting to resolve claims to the best possible outcome, while maintaining a large claims portfolio.
- Researched complex surety, construction, and indemnification issues.
- Coordinated with outside counsel and consultants to manage litigation and claim investigations.
Law Clerk Positions
Various
05.2017 - 07.2019
- Legal Research and Writing Clerk: Gresham Partners, 11/2018 - 7/2019
- Judicial Extern: Circuit Court of Cook County, 5/2018 - 7/2018
- Legal Intern: Northern Trust, 5/2017 - 8/2017
Associate National Bank Examiner
Office Of The Comptroller Of The Currency
06.2013 - 06.2016
- Reviewed and discussed findings, conclusions and areas of concern with senior bank management in coordination with colleagues and management.
- Performed regulatory exams of national banks, including financial performance, asset quality, bank management, information security and technology, and consumer compliance regulations.
Education
MBA -
Purdue University
West Lafayette, IN 05.2001 -
J.D. -
Loyola University of Chicago School of Law
Chicago, IL 08.2016 - 05.2019
Bachelor of Science - Agricultural Finance
Purdue University
West Lafayette, IN 08.2009 - 05.2013
Certification
Licensed Attorney, State of Illinois
Timeline
Vice President, Claims Expert
Swiss Re Corporate Solutions
06.2023 - Current
Senior Surety Claims Counsel
CNA Surety
08.2022 - 06.2023
Claims Counsel
DWF Claims
12.2021 - 07.2022
Non Resident Insurance Adjuster License: Texas, Florida, Oklahoma, Kentucky, New Hampshire, Vermont, Rhode Island, Louisiana, South Carolina, New Mexico, Connecticut, West Virginia
03-2020
Surety Claims Counsel
CNA Surety
12.2019 - 12.2021
Licensed Attorney, State of Illinois
11-2019
Law Clerk Positions
Various
05.2017 - 07.2019
J.D. -
Loyola University of Chicago School of Law
08.2016 - 05.2019
Associate National Bank Examiner
Office Of The Comptroller Of The Currency
06.2013 - 06.2016
Bachelor of Science - Agricultural Finance
Purdue University
08.2009 - 05.2013
MBA -
Purdue University
05.2001 -