Big “I” Professional Liability has named James Hanley its new director of agency professional liability risk management for the Big “I” and Swiss Re Corporate Solutions Professional Liability insurance program.
Hanley has been with the Big “I” since 2008 as an underwriter and staff coordinator of the bordereau reconciliation for the Big “I” Reinsurance Company. He brings 15 years of professional liability experience to the position and a dedication to proactive risk management from his many years as an underwriter, receiving his Registered Professional Liability Underwriter (RPLU) designation in 2009.
According to Mark Wolf, Big I Advantage® president, the Big “I” Swiss Re Corporate Solutions Professional Liability insurance program offers a comprehensive program for Big “I” members, including “the broadest risk management program available for agents.”
“Jim will help us ensure that we continue to be the industry-leading agency E&O program,” Wolf says. “With data on frequency and severity from the largest program in the industry, we know what drives losses and how to avoid them, and that varies by state.”
In his new role, Hanley will work closely with the 51 Big “I” state associations—all of which are adept at recognizing the needs of their members and are committed to delivering the best risk management in the industry. Wolf says the Big “I” Reinsurance Company’s recent conversion to a protected cell company will enable the program to combine sophisticated risk retention and risk management and apply it specifically to the unique risk management needs of agency alliances and large agencies.
“The Big ‘I’ Professional Liability program’s risk management resources continue to improve and set our program apart,” says Sabrena Sally, Swiss Re Corporate Solutions senior vice president, who notes that the program’s dedicated E&O risk management resources involve studying the data with the Big “I” and targeting loss prevention tools accordingly.
Big “I” state associations that offer E&O classes can access these risk management resources through the unique member- and insured-exclusive E&O Happens website. “We offer far more than just an insurance policy—we offer a comprehensive program,” Sally says. “We look forward to working with Jim.”