It is a true pleasure to recommend Ty Sagalow, who I have known professionally for more than a decade. Ty is an exceptional person and worker. Rarely in my 3 decades of business life have I found someone who combines his in depth knowledge of his subject area with his personal skills, his creative problem solving and his energy as completely as Ty does. An exceptional person and professional.
Ty is a true innovator. He brings a wealth of experience and knowledge from across the (re)insurance sector to design, build and deliver cutting edge new products. His strengths include an immense ability to influence people with different interests to move in the same direction. He demonstrates incredible initiative and strong dedication in all aspects of his work. It was a combination of these skills that enabled him to drive the creation of the Brand Reputation protection policy at Zurich – an industry first.
My working relationship with Ty Sagalow spans over his employment at Zurich and now with Innovation Insurance Group. IIG’s initial engagement was to refine an insurance product under development and then secure suitable insurance partners. Ty accomplished both and the product is now ready for market introduction.
Other similar product and program opportunities are now in the pipeline with IIG acting as a product development consultant to Hub International in the design, development and refinement of proprietary insurance product offerings.
Our expectation for these next opportunities are very high based on Ty’s performance and “proven results” during his initial engagement.
I have known Ty for over 20 years both as a colleague and a good friend. We have worked side by side on many projects both at AIG and at Zurich. Ty possesses the greatest attributes of a chief underwriting officer, chief innovation officer and general counsel all rolled into one. He is a great leader who has the unique ability to take an idea and translate into reality providing new revenue streams for any company fortunate enough to hire him. He has my highest recommendation.
Los Angeles (March 9, 2017) — A Michigan state judge has granted summary judgment to a policyholder against an AIG Unit holding that the AIG unit cannot recover $19 million in defense and settlement it paid on behalf of its insured, AlixPartner LLP, finding that the insured properly reported the claim to the insurer.
Defendant presents the expert report of Ty Sagalow who stated that plaintiff [insurance carrier] chose not to include any “related claims” or “related wrongful acts” provisions in the relevant policies…Since the “related claims” or “related wrongful act” language is absent from the policy, Plaintiff is unable to avoid liability…the Court grants Defendant’s [Policyholder] motion for summary disposition in its entirety…” (Decision at page 6 and 10)(March 3, 2017)
Law Firm representing Insured: Anderson,Kill
Issue: Meaning of phrase “claims made”
Expert retained by Insured: Ty R.Sagalow
I have had the good fortune to know Ty for over 30 years, first as an insurance carrier executive with whom I have done business and now as a trusted consultant to the Newman Team at Aon plc. He is, in my opinion, the top product development person in the industry. He has the unique ability to take new ideas, whether from a carrier, a broker or a client, and turn them into actual insurance products and solutions in a very quick, efficient and cost effective manner.
One of Ty’s greatest attributes is his ability to listen to a client, understand their needs and address that need with an innovative solution.
I can strongly recommend Ty to any person or company, of whatever size or industry, who is looking for unique insurance solutions to their needs or for the needs of their customers.
For over 20 years, I have worked closely with Ty Sagalow. I consider him to be a good friend and colleague. At National Union, we worked together on many new creative deals as well as new products together and now at Ironshore I am pleased to be able to draw on his expertise in product development.
Ty is one of the most creative and smart dealmakers in the industry. He has the rare ability to listen to his clients needs, understand the views of the other stakeholders, and arrive at a resolution that supports his client’s profitability and long term goals. I am privileged to be able to work with him and call him my friend.
“Allianz is committed to staying at the cutting edge of insurance,” said Solmaz Altin, Chief Digital Officer at Allianz SE. “We follow the insurtech space closely and globally, and have seen nothing to match Lemonade in terms of technology, user experience and business model innovation. We’re thrilled to become a stakeholder in Lemonade, and will do what we can to accelerate their rapid expansion throughout the US and beyond.” (Company Press Release, 4/20/17, NEW YORK)
Note: Ty Sagalow is a Founding Member and Chief Insurance Officer of Lemonade, Inc., and Chief Executive Officer of Lemonade Insurance Company. (current as of 4/20/17)
Darwin’s expert, Ty R. Sagalow, is qualified under Rule 702 by way of his experience and education. Mr. Sagalow has over 30 years’ experience as an insurance executive, and has served as both chief underwriting officer and general counsel at one of the world’s largest insurance companies. His diverse professional experience at a variety of companies in the insurance industry demonstrates a breadth of experience drafting and interpreting policies, making underwriting decisions, and claims handling….The Court concludes that Sagalow’s experience, training and education provided a sufficient foundation of reliability for his testimony. His specialized knowledge in the insurance field may be helpful to the trier of fact in understanding the evidence or determining facts in issue.
I have known Ty Sagalow for 25 years both professionally and personally. He is, by far, the most knowledgeable and creative individual in the insurance industry on reputation risk and reputation insurance. He truly understands brand risk and crisis management and can, and has, taken that understanding to develop extraordinary brand and reputation insurance policies. He is one of a kind.