IAT hires Travelers exec to boost new management liability unit
IAT Insurance Group, a provider of specialty property/casualty and surety products, has hired Thomas Rizzuto as vice president of management liability claims. He will support IAT’s new management liability business unit.
Rizzuto comes to IAT after 15 years at The Travelers Companies, most recently as the managing director and counsel leading a national management liability claims staff. In that role he oversaw claims involving crime, employment practices, D&O, fiduciary liability and cyber liability. Prior to Travelers, Rizzuto was an assistant vice president at Gulf Insurance and Claims Counsel at CNA.
“We are happy to have Tom join us as we get ready to launch our first management liability offerings,” said John Passaro, senior vice president, Management Liability. “He has devoted much of his career to this area of insurance and we know IAT, our agent partners and our insureds will all benefit from Tom’s deep knowledge.”
Last year, IAT announced its new Management Liability unit, which is led by Passaro, along with Joseph Buffalano as vice president of Underwriting Management Liability. With an anticipated April launch, the group will serve private and non-profit organizations and underwrite policies for directors and officers, employment practices, fiduciary, crime and cyber liability.
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