Steven Schienvar Joins Risk Settlements as Managing Director
DALLAS, July 14, 2015 /PRNewswire/ — Risk Settlements is proud to announce that Steven Schienvar has joined the company as a Managing Director. Prior to joining Risk Settlements, Steven spent 13 years at AIG in various positions including President of AIG’s assumed reinsurance division (AIG Re) and EVP COO & Chief Risk Officer of AIG Risk Finance, an alternative solutions insurance group. “We are thrilled to have an industry veteran like Steven join our organization. His quantitative and qualitative underwriting expertise enables us to provide a higher level of risk assessment and more risk transfer options,” says Joel Fineberg, co-founder. “I’m very excited to join an innovative group that designed the nation’s first post-loss class action settlement insurance product (CASI) available in the market place. Our proprietary algorithms, industry-leading database and unique approach to settlement design create effective solutions for companies facing intractable class action liability,” said Schienvar.
About Risk Settlements: Risk Settlements, the industry leader in class action settlements, evaluates settlement options and customizes the optimal settlement structure that reduces risk and translates into immediate cost savings. In order to lock in the savings, Risk Settlements designed CASI, which is the nation’s only insurance product that transfers all the volatility associated with claims payments to a global A-rated insurer. By working with Risk Settlements, companies save money, cap risk and remove all financial volatility and uncertainty arising out of class action settlements. As of July 1, 2015, Risk Settlements has provided risk transfer for over $70M in class action settlement liability. For more information on Risk Settlements or the CASI Product visit us atwww.risksettlements.com.