Raymond Alletto

Raymond Alletto

Objective

Dynamic thought leader, seasoned risk professional.  I can develop and lead high energy teams, select and evaluate key contributors and channel their talents to achieve superior results.  My next challenge will likely involve re-engineering another risk management department, yielding greater efficiencies, broader asset protection and lower costs.  Alternatively, I'm interested in leading a merger integration, spin-off,  or creation of a new company, serving the risk management community.  I can drive revenue and profitable growth, while controlling the quality of services and driving new products to market.      

Risk Management Honor Roll - 2009

BUSINESS INSURANCE, A CRAIN PUBLICATION, NAMED MR. ALLETTO TO THE 2009 RISK MANAGEMENT HONOR ROLL.  MR. ALLETTO WAS NOMINATED BY HIS TEAM OF FOUR BROKERAGE FIRMS FOR ULTIMATE SELECTION, RECOGNIZING HIS ACHIEVEMENTS BUILDING THE UNITED RENTALS RISK MANAGEMENT PROGRAM. 

Career Summary

Raymond J. Alletto is Vice President, Risk Management for United Rentals, Inc.; In this capacity, he is responsible for Claims and Litigation Management, Insurance/Risk Finance, Environmental, Health and Safety; Benefits Finance, Corporate Security and Records Management.

Mr. Alletto’s career has spanned the manufacturing, telecommunications, and pharmaceutical industries, for small and large, public and privately held companies, all with worldwide exposures.  He has consulted with various companies, focusing on claims and litigation management, alternative risk financing and risk management information systems.   

Mr. Alletto began his risk management career in 1982 as product litigation manager for the Bridgeport Machines Division of Textron, in Bridgeport, Connecticut.  In 1987, he joined Hubbell Incorporated, and for the next twelve years maintained worldwide responsibility for property and casualty risk exposures, risk financing and insurance, insured litigation and claims, and employee benefits administration.

In 1998, Mr. Alletto joined GTE Corporation in Stamford in conjunction with their relocation to Dallas, Texas.  In addition to risk management duties, he led the cross functional merger integration team, to unify the risk management departments of GTE and Bell Atlantic, which became Verizon.  For two years after the merger, he developed and managed a standalone risk management function for GTE’s internet subsidiary, Genuity, in Woburn, Massachusetts.  In 2002, Mr. Alletto returned to Connecticut to join Purdue Pharma, LP in Stamford, Connecticut as Director of Risk Management.

He holds the Construction Risk Insurance Specialist designation, governed by the International Risk Management Institute; the Associate in Risk Management designation governed by the Insurance Institute of America; is both a Certified Insurance Consultant and property/casualty producer licensed by the Connecticut Department of Insurance.  Mr. Alletto has been an active member of RIMS over the years, serving on numerous committees at the national level.  He has been a member and chairman of the Manufacturers’ Alliance Risk Management Council, various industry advisory boards and the editorial board of Risk Management Magazine.

Work History

Work History
Feb 2005 - Present

Vice President - Risk Management

United Rentals, Inc.

See Portfolio Description - "Risk Management in Focus"

Jul 2002 - Apr 2004

Senior Director, Risk Management

Purdue Pharma LP

Led risk management area for privately held pharmaceutical manufacturer during product liability siege over its primary product, OxyContin.  Arranged worldwide risk financing programs and claims management, including coverage disputes.

Jun 1998 - Jun 2002

Director, Risk Management

GTE Service Corporation

Provided Risk Management team leadership through the largest merger in US history to create Verizon.  For last two years, supported spinoff of internet infrastructure subsidiary, Genuity, Inc. in Woburn, Massachusetts, including the management of risk and benefits finance through a 2001 IPO.

Oct 1987 - Jun 1998

Director, Risk Management

Hubbell Incorporated

Over a twelve year period, attained increasing resposnbilities for risk management and employee benefits, including retirement plan oversight.  Major duties included merger and acquisition due diligence for over 30 deals, captive insurance company formation and development, and developing technology solutions for risk and benefits management.

Education

Education
1978 - 1981

University of Bridgeport School of Law

Now known as Quinnipiac University School of Law

1973 - 1977

Bachelor of Arts

University of Connecticut

Certifications

Certifications

Associate in Risk Management

Insurance Institute of America

Construction Risk Insurance Specialist

International Risk Management Institute
2010

Certified Insurance Consultant

State of Connecticut