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IFG Companies Announces New Senior Vice President & Chief Risk Officer, Christopher M. Lewis
[February 18, 2014]

IFG Companies Announces New Senior Vice President & Chief Risk Officer, Christopher M. Lewis

HARTFORD, Conn. --(Business Wire)--

IFG Companies has announced that Christopher M. Lewis has joined as Senior Vice President and Chief Risk Officer ("CRO"). As CRO, Chris will be responsible for developing and overseeing IFG's risk management policies to ensure that IFG's insurance business risks, operational risks and financial risks are appropriately monitored and controlled in support of IFG's business goals. Additionally, as IFG prudently expands its property underwritings, Chris will oversee catastrophe modeling and accumulation management. In addition, Chris will be involved in formulating strategic plans, evaluating the potential risks and rewards of new business opportunities, and developing capital management strategies, including those employing ceded reinsurance.

"At a time when IFG is poised to open new offices and is contemplating entering new lines of business, it is appropriate to create the position of CRO. We are particularly pleased that Chris will bring the right experience, thoughtfulness, intellect and cautiousness for the CRO role," said Bob Linton, Chairman of IFG Companies.

Chris joins IFG mostly recently from The Hartford Financial Services Group, where he served as Senior Vice President and Enterprise Chief Insurance Risk Officer. There, among other things, he quantified and helped manage enterprise risk, managed the ceded reinsurance portfolio and developed risk management processes for The Hartford. Chris also oversaw the development of new economic (Solvency II) capital models, assisted in regulatory public policy matters and supported the various business segments. Prior to this, Chris was Senior Vice President, Enterprise Capital Planning and Analysis, and Chief Risk Officer of the Property & Csualty Operations of The Hartford. Chris began his career with The Hartford as Vice President, P&C Capital Management, and thereafter became the Chief Financial Officer for The Hartford's Personal Lines and Small Business Segments.

Chris began his career as a Senior Economist in the Office of Management and Budget ("OMB") for the White House, where he developed option-pricing models for pension insurance and other fiscal areas, served on task forces, drafted legislation for OMB, and drafted portions of the President's Budget. Thereafter, he moved to the Office of Federal Housing Enterprise Oversight as a Senior Financial Analyst. Following government service, Chris served as a Risk Management Consultant with Ernst & Young and later Global Head of Advisory Services for Fitch Risk Management.

Chris holds a Bachelor of Arts degree in International Finance and a Master in Arts degree in Economics from the University of Connecticut. Chris also pursued post graduate study at Princeton University.

About IFG

Founded in 1985, IFG Companies is one of the largest privately held insurance groups in the United States. IFG provides property-casualty insurance on both an Excess and Surplus Lines (non-admitted) basis and an admitted basis.

Coverages are underwritten by IFG's affiliated insurers: The Burlington Insurance Company, First Financial Insurance Company, Alamance Insurance Company and Guilford Insurance Company. All hold an A (Excellent) IX rating from A. M. Best Company.

IFG has five principal business units: Brokerage, Binding Authority, Submit, Property and the newly formed Professional Lines:

  • Brokerage: underwrites general liability insurance for businesses of all sizes on a transactional basis including for distributors, importers, manufacturers, wholesalers, habitational, vacant buildings, retail and service-related industries.
  • Binding Authority: offers coverage for an extensive, yet focused list of classes of business written exclusively through contracted producers.
  • Submit: underwrites referral business on a transactional basis primarily from IFG's Binding Authority unit and from individually submitted accounts for general liability, property, inland marine and package products coverages for small to medium-sized businesses (e.g., artisan contractors, distributors, importers, wholesalers, manufacturers, office/habitational risks and retail/service industries).
  • Property: underwrites property insurance for small to large businesses such as the amusement, recreational, education, financial, government sectors, habitational, health, office/professional, mercantile/retail, trade/services and vacant buildings.
  • Professional: plans to offer a full suite of Management (D&O) and Professional (E&O) Liability products for small to mid-sized businesses, to be available later in 2014.

Why IFG?

Because we're committed to get the job done by providing you with:

• The products you need,

• The service you require,

• The quality you expect, and

• The professionalism you deserve.

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