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IFG Plans Expansion, Appoints The Hartford Vet CRO

In a newly created position, the CRO will develop and manage risk management policies as IFG explores new business opportunities.

IFG Companies has announced that Christopher M. Lewis, formerly of The Hartford, will assume the roles of SVP and CRO. Lewis will formulate and manage IFG’s risk management policies to ensure that its financial, business and operational risks are controlled with respect to its corporate goals, including those employing ceded reinsurance.

[New Roles Mean New Opportunities for Insurance Technology Pros. ]

The appointment of a CRO is timely given IFG’s plans to expand its property underwritings and seek new business opportunities. In addition to overseeing catastrophe modeling and accumulation management, Lewis will develop strategic plans, evaluate the benefits of new business ventures and formulate capital management tactics.

“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,” says Bob Linton, chairman of IFG. “We are particularly pleased that Chris will bring the right experience, thoughtfulness, intellect and cautiousness for the CRO role.”

Lewis most recently served as SVP and enterprise CIRO at The Hartford Financial Services Group, where he helped manage enterprise risk, developed risk management processes and oversaw the ceded reinsurance portfolio. While at The Hartford, Lewis also worked as SVP of Enterprise Capital Planning and Analysis, and CRO of P&C operations.

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Kelly Sheridan is Associate Editor at Dark Reading. She started her career in business tech journalism at Insurance & Technology and most recently reported for InformationWeek, where she covered Microsoft and business IT. Sheridan earned her BA at Villanova University. View Full Bio

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Nathan Golia
Nathan Golia,
User Rank: Author
2/21/2014 | 3:13:58 AM
re: IFG Plans Expansion, Appoints The Hartford Vet CRO
Hm, i wonder what the threshold is where an insurer doesn't need a true CRO. you'd think that even though they were a smaller company before, there still should've been an exec with responsibility for risk management at the company.
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