NIF Forms New Alternative Markets Division

January 13, 2004

New York’s NIF Group Inc., a leading program administrator and managing general insurance agency, announced the formation of a new underwriting division, NIF Risk Management, which will serve public entities, nonprofit organizations, and large commercial businesses in the Alternative Market.

“The focus of the new division is to respond to the growing use of alternative insurance mechanisms among public entities and other organizations across the country,” according to NIF’s President Michael A. Orlando. “We see an increasing demand for sophisticated risk management and risk financing among our current clients and among those migrating to self insurance, captives, and pools.” He stressed that NIF would “put the top resources to work for clients of our agents and brokers to ensure they gain every available advantage that these alternative insurance mechanisms offer.”

Industry veteran William J. Moll has joined the NIF Group as President of the newly created division. He began his insurance career in 1978 and has assumed leadership roles as President of Munich-American RiskPartners and as a member of the senior management group of American Re. He is active in RIMS, PRIMA, and other industry groups. Moll has spoken frequently before industry press conferences, CFOs and Risk Managers about various topics impacting the Alternative Market. He holds an MBA and Bachelor of Science degree from the University of Connecticut.

“The appointment of Bill Moll brings to NIF Risk Management his extensive experience as leader of a multinational property and casualty insurance and reinsurance business, notably the underwriting management of alternative risk financing techniques used by Fortune 1000 companies and public and non-profit entities”, Orlando added. “NIF is proud to welcome Bill to our professional team.”

The bulletin noted that the products offered by NIF Risk Management will be distributed through agents and brokers.

Topics Risk Management

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