HARTFORD, Conn.--(BUSINESS WIRE)--Please replace the release dated January 21, 2015, with the following corrected version due to multiple revisions.
The corrected release reads:
IFG COMPANIES ANNOUNCES PROMOTION OF CHRISTOPHER M. LEWIS TO EXECUTIVE VICE PRESIDENT
IFG Companies (www.ifgcompanies.com) has announced that Christopher M. Lewis (email@example.com) has been promoted to Executive Vice President. Over the past year, Chris has served as IFG's Chief Risk Officer ("CRO"), in which capacity he is 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. In that capacity, Chris also manages IFG's ceded reinsurance program in a conservative and thoughtful manner. In addition, Chris chairs IFG's Systems Steering Committee and has carefully led and continues to lead initiatives to implement advanced technologies within IFG, including those relating to the latest in underwriting desktops, catastrophe modeling and accumulation management. Finally, Chris leads the Property Department as it seeks to develop and expand in a most prudent manner.
"Since joining IFG in early 2014, Chris has been a key and vital member of the IFG leadership team, and we are delighted to recognize his very significant contributions to the progress of our business. From the start, Chris has demonstrated that he has the wisdom, work ethic and appropriate cautiousness that are ideal for a CRO, while proving to be a sound and thoughtful advisor to all business units," said Bob Linton, Chairman of IFG Companies.
Chris joined IFG from The Hartford Financial Services Group, where, most recently, he had 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 emerging risk management processes for The Hartford. Chris also oversaw the development of new economic (Solvency II) capital models, assisted in state and 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 & Casualty Operations of The Hartford. Chris started 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, deposit insurance and other fiscal areas, served on several task forces, drafted legislation for OMB and the White House, 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 was a Senior Manager and Risk Management Consultant with Ernst & Young and, thereafter, Managing Director and Global Head of Advisory Services of 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.
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 a non-admitted basis and an admitted basis. IFG Companies has two principal business units, Commercial Accounts and Specialty Accounts. Commercial Accounts includes Binding which provides liability and property coverages through select contracted producers and Commercial Underwriting which provides liability and property coverages on a brokerage basis for smaller to medium-sized businesses. Specialty Accounts offers Liability, Excess Liability, Property and Inland Marine coverages to meet the specialized needs of larger businesses. 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.