Proven actuarial leader with 30+ years of multi-line Property & Casualty insurance experience. Passionate about applying skills in team building, financial analysis, and establishing business partnerships to deliver results. Offers broad scope of experience working across boundaries of actuarial, financial, product, underwriting and sales & distribution.
Hi, I’m
Steven Byam
Tolland,CT
Summary
Overview
17
years of professional experience
Work History
The Hartford
AVP, Small Commercial Actuarial
05.2018 - Current
Job overview
- Lead high-performing actuarial team to deliver actionable pricing and profitability insights contributing to double-digit growth and combined ratio under 90% for $2B industry-leading BOP product
- Collaborated with senior management to develop strategic initiatives and long term goals
- Managed team of regional actuaries to successfully position Small Commercial products (WC, BOP and Auto) in local markets and achieve strategic profit and growth goals
- Foster inclusive team environment where openness, innovation, and curiosity are valued leading to top quartile 90% Employment Engagement scores
The Hartford
AVP, Middle Market Actuarial
01.2012 - 05.2018
Job overview
- Launched actuarial team supporting newly formed Specialty Construction business unit. Redesigned pricing and reserving processes for guaranteed cost, large-deductible and wrap-up programs to reflect unique risks of Construction industry resulting in more than 20pt improvement in Liability ROEs
- Develop and present financial outlooks to senior leaders and share financial health of business
- Served as member of Construction and Bond leadership teams.
The Hartford
AVP, Sales & Distribution
05.2006 - 12.2011
Job overview
- Led team of 8 professionals to design, build and execute direct and performance-based compensation plans to over 9,000 Commercial and Personal Lines agents and brokers
- Introduced 1st generation of The Hartford's contingent commission program that remains in market today
- Partnered closely with field sales and underwriting leaders to plan and execute premium, rate and ROE goals for Western and Southeast Division sales offices.
- Headed divisional teams to address product and pricing needs and ensure local market strategies align to overall business goals
Education
University of ConnecticutStorrs, CT
Bachelor of Arts from Mathematics - Actuarial Science
08.1988
University Overview
Skills
- Leading high performance teams
- Driving business results
- Financial analysis and forecasting
- Broad commercial lines experience
Other Experience
Other Experience
Surety
National Accounts
Specialty GL
Middle Market
Captives / Programs
Loss Portfolio Transfers
Timeline
AVP, Small Commercial Actuarial
The Hartford
05.2018 - Current
AVP, Middle Market Actuarial
The Hartford
01.2012 - 05.2018
AVP, Sales & Distribution
The Hartford
05.2006 - 12.2011
University of Connecticut
Bachelor of Arts from Mathematics - Actuarial Science
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