Biographies

Gary Bausom, deceased

Formerly president of Bausom & Associates, Inc.


Contact Info

Formerly President of Bausom & Associates, Inc.


Background

Gary J. Bausom contributed articles on risk finance for IRMI.com from 2000 to 2009.

Before his death in 2011, Mr. Bausom was president of Bausom & Associates. Prior to this, he was a senior executive of InterVenture Partners.

Mr. Bausom's clients included select Fortune 500 firms and insurance enterprises. A number of his clients benefited from change management projects that involved improvements to customer segmentation, distribution networks, and profits leveraged by Web and technology tools. Mr. Bausom worked with a Silicon Valley system integrator and venture-consulting firm on supply chain and financial services vertical space opportunities.

Mr. Bausom was previously a senior consultant with Towers Perrin/Tillinghast where he advised senior management on business continuity, risk tolerance, and hedging strategies/implementation for corporations including Kaiser Foundation, Hewlett-Packard, Fletcher Challenge, and Sara Lee. For Towers Perrin he developed system client applications and integrated the general management and actuarial practices. Prior to that, Mr. Bausom was a senior vice president at Alexander & Alexander, managing some of its largest accounts worldwide. He assisted clients with risk reviews and placement of billions of dollars of reinsurance contracts on behalf of clients' captive insurers. His long-term, trusted relationships with high-credit, quality insurers and reinsurers enhanced client solutions. He also established a consulting operation to improve client service and upgrade key employee skills to meet client needs.

Mr. Bausom was a vice president at the Bank of America, where he was responsible for marketing investment, insurance, and tax-advantaged services. His profit center generated a 20 percent net profit on sales and 400 percent returns on assets. Prior to that, he was assistant treasurer at Esmark, Inc., responsible for pension investments, post-retirement healthcare funding, and risk management. He was a team member of Esmark's aggressive mergers and acquisitions growth strategy involving more than $5 billion of acquisitions. At Transamerica Corporation, he was responsible for corporate risk management and insurance for 25 subsidiaries. He also served as a vice president for Budget Rent-A-Car, a Transamerica subsidiary.

In 1982 Mr. Bausom was on executive loan to the Reagan White House where he was in charge of 30 executives from U. S. corporations who applied business practices to the acquisition, maintenance, and disposal of federal real estate. A follow-up report indicated this work resulted in implemented recommendations that achieved $3.75 billion in annual savings.

Mr. Bausom had a BBA degree from the University of Wisconsin, an MBA degree from Golden Gate University, a PMD from Harvard Business School, and attended MIT’s Sloan Management School’s executive program.

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