Larry Collins

Responsible for the Insurance Risk Management and Claims function for Monogram Residential Trust. Developed and managed Monogram’s Casualty, Master Property and Financial insurance programs. Implemented and managed Monogram’s Owner Controlled Insurance Programs. Reviewed & negotiate insurance policy language for correctness and potential coverage enhancements, manage program negotiations with broker and insurers for pricing, terms, conditions and loss adjustments.

Audit first and third P&C party claim guidelines against the claim files and invoices. Coordinate that all claims have enough legal reserves to facilitate the actual payment of any audited legal bill. Communicate with panel law firms as needed. Forward audited legal bills for appropriate payment by AmTrust staff. Communicate with the primary claim analyst as needed.

Irving, Texas· A $48.5B leading international, full-service investment management and support services company. Vice President, Corporate Insurance: Direct the global claim operations for all property, casualty lines including workers compensation and employers liability. Oversight of 7500 claims with 40M incurred value. Define, assess and prioritize insurable risks Goldman Sachs corporate and real estate portfolio assets. Maintain strong working relationships with third party claim partners, project managers and internal stakeholders to ensure claims handling met organization best practices. Advising senior management on the state of risk management programs, large losses and other critical aspects of the risk management program.

• Settled 23MM Hurricane Sandy property claims for 30MM in 12 months.
• Reduced property claim life span on investment portfolio by 30%.
• Consistently reduced pollution liability premiums by 5% annually.
• Established protocol to reduce workers compensation litigation by increasing arbitration by 40%.
• Settled Forced Placed 500K earthquake property claims to 900K
• Time to consult, review and insurance contract questions reduced to 24hrs.

Addison, Texas· A $2.1B global leader in providing highly engineered products for the global energy infrastructure. Sr. Risk Analyst: Manage day-to-day interaction with customers, agent/vendors and various internal business units regarding primary casualty insurance programs(workers compensation, auto liability and general liability).Review and revise vendor agreements and sales contracts. Develop risk management policies and procedures. Provide technical oversight on all claims within retention; negotiate large claims with adjusters. Train staff on insurance and risk management procedures. Create loss analyses and trend reports.

• Decreased property and casualty insurance premiums by approximately 15% over 3 years.
• Generated a 33% decrease in EQ by effectively managing U.S. workers compensation claims.
• Reduced allocation from 2.5 days to 2 hours by creating an Access database to automatically allocate and re-bill charges to the appropriate business units.
• Developed and implemented an emergency response/disaster recovery plan. Implemented Driver Training Program which decreased loss rate by 10%.

Irving, Texas· A $12.7B Euro worldwide leader in mobility, including mobile devices, electronics, services and software. Managed primary casualty insurance programs; determined organizational cost of risk from an insurance and risk financing perspective. Liaised with insurance brokers to verify solvency requirements; performed claim audits with TPAs and insurers to validate reserving practices. Developed and executed risk reports; reviewed and approved insurance sections in sales contracts and service agreements.

• Reduced time lost from injured workers by 25% by developing alternative duty work programs.
• Decreased the severity of worker compensation claims by nearly 10% during a 12-month period.
• Spearheaded the implementation of the RMIS system

Business Administration

Business Administration - Business Management