American Property Casualty Insurance Association: 'Insurance Director Boot Camp' Promotes Good Corporate Governance

NEW YORK, Feb. 7 -- The American Property Casualty Insurance Association issued the following news release:

The American Property Casualty Insurance Association (APCIA), International Insurance Society (IIS), and both the Tobin College of Business and the Maurice R. Greenberg School of Risk Management, Insurance and Actuarial Science (SRM) of St. John's University today jointly announced their sponsorship of the "Insurance Director Boot Camp," an intense three-day program of director education focused on property/casualty insurers. The program will be held on the Manhattan campus of St. John's University from May 19-21, 2020.

"Our member CEOs have repeatedly pointed out the need for more high-quality specialized training for directors on the unique aspects and technical issues related to property/casualty insurance," said David A. Sampson, President and CEO of APCIA, the industry's leading trade organization. "By educating directors on the fundamentals of how insurers operate and the key financial, regulatory, and operational issues that are specific to the industry, we are promoting both enhanced corporate governance and service to consumers through more informed board oversight. Our members are very excited about this innovative program."

Michael Morrissey, President and CEO of the International Insurance Society, added, "The property/casualty insurance industry is truly global, as U.S. insurers and internationally domiciled insurers compete and face similar challenges in their chosen markets. As a thought leader in promoting innovative solutions and sustainable business practices, director education is critical to operational excellence and policyholder satisfaction. We anticipate great interest in the Insurance Director Boot Camp from our members."

The Insurance Director Boot Camp will feature 25 distinct sessions, each consisting of either a presentation or panel discussion from recognized industry experts, many of whom currently serve as directors of property/casualty insurers. Timely topics will be addressed including the adequacy of casualty loss reserves; property catastrophe modeling; understanding regulation; benchmarking operating costs; cybersecurity; and diversity and inclusion. The full agenda and registration for the program is available at www.insurancedirectorbootcamp.com.

Herb Chain, Executive Director of the Center for Executive Education at the Peter J. Tobin College of Business, commented, "St. John's has a well-deserved reputation as a leader in insurance education for students, insurance professionals and executives. 'Insurance Director Boot Camp' expands our reach to serve the directors of property/casualty insurers, filling a void in the market".

Mark Browne, Faculty Chair of the Maurice R. Greenberg School of Risk Management, Insurance and Actuarial Science at St. John's University, added, "We are excited about the partnership with the industry trade associations to bring together our world-class professors with respected industry thought leaders and experienced directors. The value of their collaboration will be evident in the program content."

G58 Advisors, a division of G58 Capital LLC, is the organizer and presenter of Insurance Director Boot Camp. Its founder, Stan Galanski, is a member of the Executive Committee of the Board of Overseers of the Maurice R. Greenberg School of Risk Management, Insurance and Actuarial Science and a former member of the Board of Directors of APCIA.

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About International Insurance Society: The IIS mission is one of international collaboration, bringing together key decision makers from the insurance industry to combine their knowledge of regulatory issues, finance, and governance, utilizing world class research as a force to drive global industry growth and innovation. Our vision is to shape the future of the global insurance industry as a key contributor to the open dialog on the economic and social development of markets. The IIS, founded in 1965, provides a forum for all stakeholders of the insurance community to engage in active collaboration, with members representing re/insurance leaders, international regulatory authorities, and worldwide insurance scholars from over 90 countries. For more information visit: internationalinsurance.org.

About St. John's University: The newly named Maurice R. Greenberg School of Risk Management, Insurance and Actuarial Science (formerly The Peter J. Tobin College of Business) is a global leader in risk and insurance education and training and draws candidates from many regions of the world. All of the degree programs offered are fully accredited by the Association to Advance Collegiate Schools of Business. For more information visit: stjohns.edu.

About G58 Capital: G58 Capital provides advisory and consulting services, delivering exceptional expertise in property/casualty insurance to Boards, executive management and private equity investors. For more information visit: G58Capital.com.

The American Property Casualty Insurance Association (APCIA) is the primary national trade association for home, auto, and business insurers. APCIA promotes and protects the viability of private competition for the benefit of consumers and insurers, with a legacy dating back 150 years. APCIA members represent all sizes, structures, and regions--protecting families, communities, and businesses in the U.S. and across the globe.