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ISO (Jersey City, N.J.) has created a new management and professional liability unit, which the company says will spearhead new and revised coverage options as well as actuarial and analytics solutions aimed at serving a changing world of business and corporate risks. ISO has brought on board Stephen Whelan, Michael Doyle, and Barbara Russo to lead the new unit.
The new executives will add expertise to ISO in D&O, crime coverage, employment practices liability (EPL), fiduciary liability, financial institutions and professional liability/errors and omission (E&O). The team will also focus on ISO’s excess and surplus and reinsurance solutions.
“I’m pleased to join ISO and look forward to developing innovative solutions and services in the management and professional liability markets to meet the needs of our customers in a changing and challenging marketplace,” comments Stephen Whelan, whom ISO has named product development director. Whelan brings significant experience in management liability, having served as an executive at AIG, The Hartford, and most recently at Everest Specialty Underwriters, according to an ISO statement.
Barbara Russo has joined as managing director of excess and surplus. “The excess and surplus marketplace is one of the fastest-growing segments of insurance, and I’m excited to have the opportunity to lead ISO’s growth efforts in that space,” she comments. Russo is an insurance executive with extensive experience in customer management and business leadership roles. She previously headed the international segment for Zurich’s Global Corporate business unit in North America and held positions of leadership at Travelers, Marsh, AIG, and Winterthur.
“One of our goals is to get the message to insurers that we offer a full suite of services to help them manage risk across various customer segments,” comments Doyle, who recently joined ISO as actuarial director for specialty lines. Doyle has more than 20 years of insurance and reinsurance experience in the professional liability and specialty markets, leading teams at ProSight, Munich Re, ACE, XLCatlin, and CNA.
“We remain laser-focused on continuing to deliver high-quality solutions in the admitted marketplace and innovate in the specialty, excess and surplus, and reinsurance arena to serve our clients. Our ambition is to be our customers’ preferred partner to accelerate innovation and profitable growth through data analytics and insight,” comments Maroun Mourad, senior VP, Commercial Lines Domestic and Global, ISO.