Michael Savignano

Background

About Michael Savignano

With over 25 years of experience in the insurance industry, my passion lies in working directly with commercial clients to understand the risks that they face, and to develop custom solutions that support their goals and improve their risk profile. My 15+ years working as a Specialist Underwriter within the Mining & Energy Risks Division of one of the world's largest and most well-respected global Property & Casualty Insurance carriers has allowed me to gain a deep understanding of the complex and varied risks experienced by companies operating within these sectors. My role as a Mining Practice Leader included the management of a portfolio of mining business nationally, accountability for the development of underwriting strategies, and leading the training and development of mining underwriters globally. Relevant Experience Areas-Surface & Underground Mining -Precious & Base Metals, Coal, Uranium, Diamonds, Industrial Minerals -International Property, Mechanical Breakdown -Business Interruption & Mining Income -Global Casualty -Tailings Dams, Heap Leach Pads -Environmental Risk -Mineral Exploration -Care & Maintenance Property -Specialty Contractors (E.g. Drilling, Shaft-Sinking, Contract Mining Services, Etc.)-Heavy Machinery & Equipment -Petroleum Exploration & Production -Power Production & Renewables (Eg. Solar, Wind, Hydroelectric, etc.)-Automobile and Fleet Management -US Workers' Comp, Foreign Voluntary Workers' Comp, Employers' Liability -Captive Insurance Solutions Relevant Skills-Underwriting of Complex Property & Casualty Risk -Policy wording construction, review and analysis -Risk Analysis -Strategic risk management & mitigation techniques -Claims Support -Contract Review (incl. Insurance & Indemnity Provisions)-Statements of Value (SOV) and Business Interruption (BI) Worksheets -Fire Suppression/Detection Systems for Heavy-Duty Mobile Equipment -Peer Group Benchmarking and Trends Analysis -Risk Engineering Stewardship Reviews