Biographies

Peter Polstein

Retired Independent Insurance Professional


Contact Info

587 Putting Green Lane
Oxford, CT 06478
Phone: (203) 463-8779


Background

Peter Polstein writes on market practices for IRMI.com.

Mr. Polstein has been active in the insurance industry since 1955. He spent his early years with three midsize insurance brokers in New York City, gaining a reputation for brokering unusual or difficult risks. In 1973 he joined Alexander & Alexander’s New York City office.

In 1995, Mr. Polstein retired from Alexander & Alexander as a senior vice president. During his tenure he was responsible for the development of a separate department whose sole purpose was the production and underwriting of national trade groups. He was one of the first brokers to author and sell individually underwritten groups, providing coverage for commercial liability including products liability and excess liability, with heavy emphasis in the chemical, heavy machinery, and marine industries. He grew the operation to 15 major trade associations with several thousand clients. In 1984, he became the deputy managing vice president of the New York City office, with the overall responsibility of the property, casualty and financial services departments.

Later in his career, Mr. Polstein managed one of the largest books of business in the office where the majority of the accounts were considered to be difficult, requiring creative brokering techniques and the use of nontraditional marketing. Additionally, he was responsible for a number of in-depth risk management audits for several Fortune 500 clients.

After his retirement, he was involved in the formation of an offshore reinsurance company. Additionally, he served as consultant to a number of industries where his knowledge of interdisciplinary applications and his technical expertise were assets.

Mr. Polstein graduated from Nichols College in Massachusetts, and served in the U.S. military from 1952 to 1955.


Expert Commentary

Date Article
Jun 2015 When Friends Ask about Insurers
Jun 2014 Follow Form Excess Placements
Apr 2014 Looking at HOA Risks
Dec 2013 HOAs and Uninsured Pesticide Dangers
Sep 2013 A Brief Look at Insuring Small Municipalities
Jun 2013 To Understand the Risks, You Have To Read the Contracts
Mar 2013 Cold-Call Evolution
Dec 2012 Insurance Training and Professionalism—A Thing of the Past?
Sep 2012 Fanning the Pages of Personal Lines Policies
Jun 2012 Underwriting Immaturity Continues
Mar 2012 Underwriting—What Was Old Is New Again
Dec 2011 Divisor Programs Revisited
Sep 2011 Nobody Knows You When You're Down and Out
Jun 2011 Goodbye to the Soft Market
Feb 2011 Alternative Risk Transfer in 2011
Dec 2010 Claims Administration—
Sep 2010 Insurance Market: Déjà Vu
Jul 2010 Insurance Industry: A Return to Professionalism Needed
Apr 2010 Insurance Regulation: Danger at the Door
Dec 2009 Reinsurers Herald Underwriting Discipline
Sep 2009 An Insurance Czar? I Don't Think So!
Jun 2009 Trouble in Mind for the Insurance Industry
Mar 2009 Marketplace Blues Reprise
Dec 2008 Insurance Market Woes Continue
Sep 2008 The Demise of the Current Insurance Market
Jun 2008 Insurer Financial Security Is Not a Rating
Mar 2008 Insurance Industry Sings the Back Door Blues
Dec 2007 Risk Assessments and Peer Reviews
Sep 2007 Is an Umbrella Just a Bumbershoot?
Jun 2007 The Winning Team Concept
Mar 2007 Is Offshore That Far from Shore?
Dec 2006 Ho, Ho, Ho, and Say Good-Bye to 2006
Sep 2006 Is There a Reinsurance Paradigm?
Jun 2006 Where Is the Market Going?
Jan 2006 What To Do about Catastrophic Loss
Dec 2005 Understanding Coverage from Dawn's Early Light
Sep 2005 Marketplace Blues
Jul 2005 Retrospective Rating Alternative
Mar 2005 It's 2005—Do You Know Where Your Market Is?
Dec 2004 Finite Insurance: Is the Criticism Warranted?
Oct 2004 Medical Malpractice: Things To Consider
May 2004 Little Things Mean a Lot
Mar 2004 Loss Forecasting/Submissions
Dec 2003 Excess Follow Form versus Umbrella
Sep 2003 Certificates of Insurance
Jul 2003 Thinking Outside the Box
May 2003 Binders and Confirmation
Feb 2003 Considering Alternative Risk Transfer
Dec 2002 Insurance Coverage Specifications in the Hard Market
Oct 2002 What Constitutes a Full Underwriting Submission

Navigation

Social Media

User ID: Subscriber Status:Free