Advisen to Provide Latest Industry Data and Analytic Tools
NEW YORK, July 10, 2000 – A group of commercial insurance and technology executives have founded a new company that will provide an online information resource designed specifically for the commercial insurance industry. The new company, Advisen Ltd., will also develop proprietary software and databases to offer risk managers, brokers and insurance companies new analytic and benchmarking tools.
The new company’s management team includes two founders, Thomas P. Ruggieri, former managing director of Marsh & McLennan, who will serve as Advisen CEO and chairman of the Board of Directors, and David Bradford, a senior manager at Swiss Re, who will serve as Executive Vice President and on the Board of Directors. The other founders include Kenneth E. Wagner, a former senior sales executive at Bloomberg, L.P., and Philip Ruggieri, president of Ruggieri Consulting, LLC, a leading insurance benefits consultancy. Both Mr. Wagner and Mr. Ruggieri will also serve on the Board of Directors.
“As insurance industry veterans, we have seen and felt a need for an online information resource,” said Mr. Ruggieri. “Our vision is to offer real-time analysis that will vastly improve the productivity and efficiencies of insurance professionals.”
Advisen expects to introduce its first commercial product in early 2001.
