David W Michelson Y Edward A. Sweeney, Jr. Appointed as strategic advisors
NEW YORK, September 8, 2022 /PRNewswire/ — Two Sigma Insurance Quantified (TSIQ), a leading underwriting technology company for the commercial property and casualty industry and an affiliate company of Two Sigma, today announced the appointment of David W Michelson (David) and Edward A. Sweeney, Jr. (Ed) as strategic advisors. The two join the co-founder and co-chairman of Two Sigma david siegel and strategic advisor to TSIQ John “Jay” Nicholsto form an Advisory Council of the company.
TSIQ works with industry innovators to achieve profitable underwriting growth by delivering technology and risk intelligence that grows and amplifies talent. The company’s Advisory Council brings together distinguished experts from the insurance, financial services and technology industries to provide valuable guidance and ensure high impact for clients.
“We are delighted to formalize this Council and welcome Dave and Ed to our team,” said Brian Modesitt, CEO of Two Sigma Insurance Quantified. “Dave and Ed bring a wealth of experience as leaders and trusted advisors in the property and casualty insurance industry. Combined with David and Jay, the council’s experience and guidance will accelerate our ability to work with the industry to innovate within the subscription”.
david michelson shared, “I’m impressed with TSIQ’s unique approach. By working directly with CUOs and subscribers, the team is able to deliver technology and data-driven insights that drive business results. I look forward to contributing my perspectives to help customers products continue to evolve.
Michelson is the President of DWM Consulting and the former CEO, President and Senior Advisor of National Interstate Insurance Company, where the company was consistently profitable and outperformed the market during his 24 years in leadership roles. He has extensive specialty property and casualty insurance industry and technical expertise. Michelson has served as a board director and advisor to leading companies including Protective Insurance and Lytx, and is currently an advisor to CompScience, Roadz and High Definition Vehicle Insurance.
Sweeney commented, “TSIQ’s technical capabilities and products are unparalleled. What makes this group different is the application of these competencies in a way that eliminates cumbersome manual processes and gives leaders real-time intelligence on their business.” I’m excited to help them build on their customer partnership strategy.”
Sweeney was most recently Executive Vice President of Guy Carpenter & Co. LLC, where he was a trusted advisor to global insurance companies for more than 40 years. Previously, he held positions including Head of Accident Specialties, Head of Eastern Region and Executive Leader of Global Clients. Ed has extensive knowledge of products, general, professional and managerial liability lines, as well as reinsurance risk management strategies to help insurance companies address their volatility and risk appetite through product design, market needs assessments and analytical and technical prices.
About Quantified Two Sigma Insurance
TSIQ is an underwriting technology company serving commercial property and casualty insurers and MGAs looking to increase underwriting and reduce risk. Our Submission IQ product organizes submission data and third-party data so subscription teams can make faster data-driven decisions. Subscribers using Submission IQ can better respond to their distribution partners, assess and manage risk, and adapt to the market. Submission IQ is delivered as SaaS, and TSIQ offers a high level of strategic and end-user collaboration and support. TSIQ is an affiliate company of Two Sigma Investments, LLC. For more information visit: www.twosigmaiq.com.
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SOURCE Safe Two Sigma Quantified