Category Archives: Strategic Planning

Todd Hart Named New CEO of Narragansett Bay Insurance Company

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Pawtucket, RI (PRWEB) June 18, 2012

Narragansett Bay Insurance Company (NBIC) announced today that Todd Hart has been named the companys Chief Executive Officer after a national search. Narragansett Bay founder Nick Steffey will continue as Executive Chairman.

As CEO, Mr. Hart will be responsible for executing NBICs multi-year strategic plan as the company continues to grow as the No. 1 choice for responsible homeowners. Mr. Hart will lead the NBIC team in assuring underwriting effectiveness, risk management, production efficiency, quality service, and cost management.

Todd has a rare combination of gifts, which is why I am excited that he will lead our team and bring Narragansett Bay to its next phase of development, said Nick Steffey. He brings an energetic, entrepreneurial mindset and experience base that combines intellectual rigor with analytical skills, operational savvy, and a track record of building high performance teams.

Mr. Hart has over twenty years of experience in a variety of financial services leadership, investment management and analytical posts. Most recently, he served as CEO of the Swiss-based Glacier Group, where he led the companys strategy reorganization and provided operational management in underwriting, claims and risk. Prior to that role, he managed insurance and catastrophic risk investments and trading at the Dallas-based hedge fund, HBK Capital Management (since 2003), and its related entities (since 2000). During that time, he chaired or served on the underwriting, compensation, investment and finance, risk management, accounts and audit committees of the boards of directors of a variety of HBK investments. Previously, he worked for nine years in New York City for JP Morgan & Co., where he identified and executed mergers and financing of Fortune 1000 clients.

He received his MBA from Harvard Business School, and an AB in Economics from the University of North Carolina, where he was a Morehead Scholar. He was also a Henry Luce Foundation Scholar, accepting a grant to study and work in the emerging markets in Asia at the Securities Exchange of Thailand. A resident of Dallas, Texas, Mr. Hart plans to relocate to the Rhode Island area.

It is an honor to be named Narragansett Bays second Chief Executive Officer, especially following in Nicks footsteps. Nick Steffey and his leadership team have been able to transform this company into a leading monoline homeowners carrier in the Northeast, said Mr. Hart. We are fortunate that Nick will continue to help build the Narragansett Bay Insurance brand while we ensure that the company is operationally responsive to the opportunities we see in the market.

In his role as Executive Chairman and Founder, Mr. Steffey will work with agency partners to continue to build Narragansett Bays brand and serve as spokesperson and ambassador, representing the company before industry and government organizations. Under Mr. Steffeys leadership, NBIC, one of the oldest insurers in New England, was rehabilitated, turned into a stock company, and provided with $ 200 million in private equity capital. By focusing on homeowners insurance in a region where many other homeowners writers are retreating, Narragansett Bay Insurance now insures over 110,000 customers in four states.

I am proud to have been part of building Narragansett Bay into a leading specialty insurer in the Northeast, and I look forward to working with Todd Hart and our leadership team to enable the company to achieve its potential, said Mr. Steffey.

About Narragansett Bay Insurance Company (NBIC)

Narragansett Bay Insurance Company, headquartered in Rhode Island, offers specialty insurance services and products to homeowners through an extensive network of independent agents along the eastern seaboard. Backed by highly rated reinsurers, NBIC has undergone a rigorous examination of its financial security and has received an A, Exceptional Financial Stability Rating (FSR) from Demotech, Inc., an independent financial analysis and actuarial services firm for property and casualty insurers. To find more information on NBIC, visit http://www.NBIC.com.







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Top Trainer Wendy Stevens, Targets New Heights of Success, As She Partners With Elena Fraga and Team Energy in a Breaking Announcement

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(PRWEB) June 18, 2012

Top Trainer Wendy Stevens, Targets New Heights of Success, As She Partners With Elena Fraga and Team Energy in a Breaking Announcement with a Patented Exclusive Product that radically changes the market in Energy Deregulation and Global Expansion.

Top Trainer Wendy Stevens is highly recognized as a social media marketing expert. She is also a renowned motivational speaker, a dynamic coach, a popular trainer, and a championship coach and mentor. Her fast-paced, authentic style inspires and empowers audiences from all walks of life, coaching them to overcome their own personal obstacles and succeed in their goals. Her dynamic and inspiring flare is reflected in all of her endeavors as she teaches, trains, and coaches new business partners and entrepreneurs in success in this new endeavor.

Recognized as one of the top income earners in the Direct Sales Industry, Wendy has been showcased as a speaker and trainer as a multiple seven-figure Internet entrepreneur. She has helped thousands of clients in increase their productivity and profits, using highly strategic and aggressive social media marketing positioning. She will now transition her social media marketing expertise toward her joint venture with Elena Fraga in building the Team Energy empire by expanding the leadership team in energy deregulation around the globe.

Wendy has leveraged her experience as a former All American, MVP and NCAA National Champion as well as a Division I Lacrosse Coach at Vanderbilt University. She continues to exemplify that the basic principles of success carry over in ones life – whether playing on the field or coaching business partners and entrepreneurs to reaching their financial goals in this dynamic and financially rewarding arena.

Due to Wendy Stevens recent health challenges, she had made a proactive decision to reduce stress, and retire as the CEO of Local Guerrilla Marketing to focus on the success of her own health and well-being while assisting, coaching and training Team Energy.

Team Energy is a leadership team that is a part of the innovative marketing arm of a successful billion-dollar, publicly held company. Headquarters offices reside in Toronto, Ontario and Dallas, Texas to support its Independent Representatives. Team Energy is creating a national and international sales force assisting individuals to become successful entrepreneurs as we expand our unique patented exclusive solutions as the first energy company to rapidly expand in all 50 states with aggressive global expansion plans within the next five years.

Wendy Stevens embraces her partnership with Elena Fraga and Team Energy as she braces herself in anticipation of greater successes in this winning venture.

Top Trainer Wendy Stevens, Targets New Heights of Success, As She Partners With Elena Fraga and Team Energy in a Breaking Announcement with a Patented Exclusive Product that radically changes the market in Energy Deregulation and Global Expansion.