Senior Advisor

From September of 2014 until November of 2016, Mr. Dubois founded and was President of Pioneer Special Risk Insurance Services, Inc. (PSR). PSR operates as a Program Manager with a focus on both US and International specialty classes of business. PSR was built out to encompass 6 specialty underwriting teams generating in excess of $25 Million of Gross Written Premium. PSR was licensed as a Lloyd’s Coverholder and operates on an autonomous basis, handling all facets of underwriting, marketing, finance, IT and operational responsibilities.

From 2011 through mid-2013, Mr. Dubois had a dual role within the Crum & Forster(C&F)/Fairfax Financial organization. He was the President and CEO of Crum & Forster’s Seneca Insurance Group focusing on specialized niches within the commercial property/casualty market. In addition, he served as President of C&F’s Management and Professional Liability Division. He also sat as a member of C&F’s Executive Committee. 

In October 2006, Mr. Dubois had joined Bermuda based Ariel Holdings, Ltd. to found a U.S. based specialty lines platform as part of Ariel’s broader diversification strategy. In 2007 he oversaw the acquisition of an admitted, dormant insurance company, Valiant Insurance. Valiant was reactivated and Mr. Dubois served as President and CEO of Valiant Insurance Group, Inc. Valiant was sold to First Mercury Corp. in late 2010. In early 2011, First Mercury was purchased by Crum & Forster, leading to Mr. Dubois’ role within C&F. 

From July 1999 to 2006, Mr. Dubois was employed by Liberty International Underwriters (LIU) and served as Global Chief Underwriting Officer, Specialty Casualty Lines. His responsibilities included oversight of all specialty casualty lines written by LIU worldwide. 

Mr. Dubois was with Reliance National from 1987 to 1999. He served as Senior Vice President, Financial Markets Division, and Division Head, Integrated Risk Division. His responsibilities included all management liability and errors and omission product lines and oversight for reinsurance arrangements supporting the division, as well as all multi-disciplinary accounts.

Mr. Dubois was employed by CNA from 1984 to 1987. He served as National Manager, Commercial Business, in the Financial Products Division. His responsibilities included underwriting and production responsibility for directors and officer’s liability and related lines.  

Mr. Dubois holds a Bachelor of Arts Degree in Business Administration from Judson College and is a graduate of the Wharton School of Executive Insurance Management. He is licensed as a Property, Casualty, E&S and Reinsurance Broker.

Senior Advisor

Alexander T. Farley with over 30 years of diverse industry experience is a Senior Advisor of Hannover Stone Solutions, LLC. providing tailored solutions concerning enterprise risk management (ERM) and ORSA compliance capabilities for property/casualty and life/health insurers as well as managed care organizations. Alec is also the President and CEO of American Insurance Management Group, Inc. (AIM), which he founded in 1990 specializing in helping regulators and management with solvency and compliance challenges. 

Mr. Farley has recognized skills in executive management, governance, strategic planning, ERM, ORSA/statutory compliance, financial restructuring, reinsurance, company infrastructure, and marketing. He has recognized expertise in facilitating regulators and management develop corrective action plans to revitalize companies or resolve Form A issues. 

Mr. Farley often is appointed the confidential administrative supervisor to oversee plan implementation and return companies to business and value creation. He has served frequently as a confidential administrative supervisor revitalizing insurers and, as the insurance commissioners’ appointed senior executive, served multiple times as a deputy rehabilitator and liquidator of companies in receivership. 

Having been involved with over 150 companies in the property/casualty, life, health and managed care sectors, he is able to apply an unparalleled diversity of experience to each engagement. With this wealth of experience, Mr. Farley often serves as an industry expert. 

Previously, as vice president of Aon Risk Consultants, Mr. Farley guided the start-up of Aon’s consulting division specializing in reinsurance, runoff management, and support services for regulators managing distressed insurers. 

As a senior consultant with Tillinghast, in its management consulting practice, Alec advised management on strategy, finance and general operations. Subsequently as an officer and charter employee of Thomas A. Greene & Company (A&A’s start-up reinsurance intermediary), he produced, designed and placed treaty reinsurance for a diverse group of clients. Beginning his career with Rollins Burdick Hunter, a national insurance broker, he led a team responsible for producing and managing fortune 1,000 accounts and association programs, including professional liability for AICPA members. 

Mr. Farley graduated from Connecticut College with a Bachelor of Arts degree in government and economics. He has served on NAIC ad hoc committees, lectured on distressed company evaluations and revitalization plans, and speaks often on industry topics as requested. He is a Certified Insurance Receiver for all industry sectors as designated by the International Association of Insurance Receivers (IAIR). Alec is also a member of and past Governor of the John Street Club. 

A resident of the Philadelphia area, Alec has raised three children, two still in college and one just starting out in the ‘real’ world. He has been a trustee of Dynamy Inc. – a college access program for gifted but at risk high school students and involved with alumni college fund raising. He has served as an event director for the Philadelphia Special Olympics and a volunteer with the American Red Cross. 

Senior Advisor

Doug Franklin, a senior advisor with Hanover Stone Solutions, is a prominent insurance industry executive with extensive leadership experience in actuarial, enterprise risk management, finance, and underwriting operations. He joined Hanover Stone Solutions in 2016, after having served for 28 years with Allianz-Fireman’s Fund (FFIC) where he rose through the company to senior leadership, including positions as chief actuary and chief risk officer (CRO). 

Mr. Franklin honed his extensive experience with ERM initiatives during his leadership of FFIC’s Corporate Risk Department as CRO from 2008 to 2014. In addition to responsibilities for capital modeling, catastrophe management, operational risk management, internal controls over financial reporting and underwriting governance, he helped lead FFIC through the process of satisfying Solvency II requirements and participated in the National Association of Insurance Commissioners’ ORSA pilot process. During this time, he also was chairman of FFIC’s Risk Committee and a member of the insurer’s Underwriting and Reinsurance Committees. 

He began his career in FFIC’s Actuarial Department in 1987, and held various actuarial positions in commercial insurance, personal lines and reserving for 10 years. He earned his Associateship in the Casualty Actuarial Society (ACAS) professional designation in 1994 and was appointed chief actuary of FFIC in 2014. In this position, he also served as chairman of the Reserve Committee, which oversaw the insurer’s $5 billion in reserves. 

From 1997 to 2004, Mr. Franklin held a series of positions in which he led various FFIC underwriting functions, including underwriting manager of the large account segment in Southern California, regional executive of the Central Region, and culminating with his appointment in 2001 as national head of Commercial Groups & Association Business. In this role, he orchestrated the successful financial turnaround of FFIC’s Group business segment. 

Mr. Franklin earned a B.S. degree in mathematics from University of California, Davis and is a member of the Casualty Actuarial Society and of the American Academy of Actuaries. 

Senior Advisor

Ms. Galer began her career at JP Morgan Chase (Chase Manhattan). She entered the insurance industry in 1976 at Crum & Forster Ins. Co., Morristown, NJ where her last role was SVP Operations. Donna joined Zurich Insurance in 1989 and served in various roles: SVP, Corporate Development for the Maryland Casualty business entity, EVP Corporate Development for Zurich NA, Regional Manager for North America located in Zurich, Switzerland and interim Head of Investor Relations until her reassignment to Zurich North America as EVP, Chief Administrative Officer (CAO) of General Insurance worldwide ($36 Billion Gross Written Premium). 

After retiring from Zurich, she served as Chairwoman of the Spencer Educational Foundation from 2007 to 2010. SEF is a non-profit dedicated to providing scholarships to students of risk management and insurance. Currently, she is a consultant, focusing on strategic planning, ERM and organizational performance management and an author. She has published numerous articles and her co-authored book, Enterprise Risk Management – Straight To The Point was published in 2013. She is a contributing author to the Insurance Thought Leadership website. 

She is or has been on the board of many risk and insurance related and community organizations such as NC State’s Poole School of Business’ ERM Initiative Advisory Board and ISU’s Katie School of Insurance’s Advisory Board. 

Business Insurance named her one of the Top 100 Women in Commercial Insurance in 2000. 

Ms. Galer holds a BA from Wagner College and an MA from Rutgers University. She has attended executive education programs at Northwestern’s Kellogg School of Business and IMD in Lausanne, Switzerland. 

Senior Advisor

Edward (Ned) K. Loughridge is president of Caledonia Marketing LLC, a strategic marketing, branding and communications firm specializing in providing marketing counsel to insurance organizations.  Additionally, he is a Lecturer in risk management, insurance and marketing at Lake Forest College (IL) and Lecturer in risk management and insurance at Harper College (IL) which provides education to interns from Aon and Zurich.

Prior to Caledonia, he has held numerous marketing, general management the executive positions with Zurich and Kemper including President of Zurich Direct, a term life distribution company, Executive Vice President of Corporate Development at Zurich Life with responsibility for strategic planning, market research, marketing, human resources and professional development, Senior Vice President of Human Resources at Zurich-American and Vice President of Corporate Communications at Zurich-American. He began his career at Kemper as a District Marketing Manager and National Advertising Executive.

An honors graduate of The College of Wooster (OH), he holds a M.S. with distinction in advertising from Northwestern University, where he was awarded the Arthur E. Tatham Scholar in advertising.  He also holds the CPCU designation.

Senior Advisor

Joanne Morrissey began her insurance career at The Hartford Insurance Group in Claims Management. She joined Crum & Forster where she held management positions in Claims, Human Resources, Training, Administration and Operations. She was a co-founder of The Firemark Group, where she was President and Chief Operating Officer specializing in insurance research, and strategic and financial consulting to the insurance industry. She served as interim CEO of a P&C Company undergoing rehabilitation in the State of Florida. She has served as Chairperson of the Insurance Sub-Committee of the Finance Board of the State of New Mexico. 

Dr. Morrissey has served on numerous insurance company boards, both private and public, as well as the boards of community and charitable institutions. She has authored columns for Actuarial Digest, National Underwriter, both P&C and Life editions, as well as other insurance publications. She has been a frequent speaker at industry gatherings, as well as a Panelist and Co-host of “The Forum” a KSFR Radio weekly news roundtable with discussions on Political, Economic and Social Issues impacting New Mexico, the Nation and the World stages. 

Dr. Morrissey has been an Adjunct Scholar for the Rio Grande Foundation, a Think Tank in New Mexico. She is also an Adjunct Professor of Insurance, specializing in Risk Management at the Peter J. Tobin College of Business at St. John’s University in New York. She has written extensively on Reputation Risk and has lectured at the Peking University School of Economics in Beijing, China and additionally spoken to a group of Chinese Regulators on regulations and regulatory systems. 

Dr. Morrissey received a Bachelor’s Degree from Westminster College of New Wilmington, Pennsylvania, a Master’s Degree from Case Western Reserve University of Cleveland, Ohio, an MPh and a PhD from Drew University of Madison, New Jersey.