Page 19 - 2023 TMPAA Mid-Year Program Book
P. 19
PRESENT A TIONS
A Market in Transition
Tuesday, May 2 | 3:00 PM | Commonwealth Ballroom, Concourse Level
Gerard Vecchio, MarshBerry Issues contributing to market dislocation will be explored,
including:
This presentation will discuss how changes in the macro
• Increased frequency and severity in insurance claims
environment for surplus lines carriers is currently affecting,
MGAs, Program Administrators and Wholesale Brokers. • New and emerging risks
The discussion will cover why the current insurance pricing • The proliferation of financial investors seeking to profit
environment has changed from a traditional “hard” market to from large jury awards
a “market in transition” as it seeks equilibrium.
Attendees can expect to leave with analysis that provides
insights into how long a firming market will remain in place.
Gerard Vecchio
Gerard is Managing Director and Specialty Practice Co-Head at MarshBerry. He joined
MarshBerry in 2017 and works specifically with the Insurance Services Division. Gerard’s
responsibilities include providing strategic and operational consulting services to
specialty insurance distributors, insurance carriers and outsourced service providers
within the insurance industry. Gerard has nearly 30 years of experience within the
insurance industry where he has gained knowledge related to being a private equity
investor in, board member of, and advisor to insurance distributors, underwriters and
service and technology providers. Through his career, Gerard has worked as a Director
with approximately a dozen insurance companies, financial services, health care service
firms, including two publicly-traded entities and was formally a State Board Member of
the Connecticut Venture Group. Gerard graduated with honor from Middlebury College with a Bachelor of Arts and
graduated from The Wharton School, University of Pennsylvania, with a Master of Business Administration.
2023 TMPAA
MID-YEAR MEETING
May 1-3, 2023 | Boston, MA
TMPAA 2023 Mid-Year Meeting 17
