Record-Breaking Insurance Leader of the Year Award Dinner Raises $4.2 Million

Record-Breaking Insurance Leader of the Year Award Dinner Raises $4.2 Million
January 20, 2023

St. John’s University’s Maurice R. Greenberg Faculty of Chance Management, Insurance policy and Actuarial Science (GSRM), aspect of The Peter J. Tobin College of Organization, hosted its 27th yearly Coverage Chief of the 12 months (ILOTY) Award Dinner on January 18, raising a total of $4,210,500 to fund college student scholarships and guidance tutorial software initiatives. The celebration, held at the New York Marriott Marquis in Manhattan, drew a group of just about 1,600 customers of the world wide coverage marketplace, senior management from the University, college students, college, enterprise executives, attendees, family, and friends.

The historic celebration for the insurance policies field and supporters of the University honored Alan D. Schnitzer, Chairman and Chief Government Officer, The Vacationers Businesses, Inc., as the Maurice R. Greenberg School of Chance Management, Insurance plan and Actuarial Science’s 2022 Insurance policies Chief of the Calendar year.

The prestigious award, presented on a yearly basis since 1995, recognizes the contributions of superb people whose management in the globally coverage and money companies industry sets them aside from their friends.

The Travelers Businesses, Inc. is a foremost service provider of residence casualty insurance coverage for automobile, household, and enterprise. A ingredient of the Dow Jones Industrial Ordinary, Tourists has additional than 30,000 staff and generated revenues of about $37 billion in 2022.

Rev. Brian J. Shanley, O.P., President of St. John’s, launched the event by thanking the attendees for their generosity. “On behalf of our students, I thank you for supporting our fundraising efforts and for employing our graduates. I stimulate you to continue to hire them due to the fact we have beautifully numerous, proficient, and difficult-working students studying at St. John’s.”

Honorary Cochairperson Joan K. Woodward, Government Vice President of Public Policy and President of The Vacationers Institute at The Vacationers Organizations, Inc., launched Mr. Schnitzer by stating, “Alan has been the driving force guiding the innovation investments that have propelled Vacationers forward, and he’s fostered a society of creation and experimentation that sets us aside. His vision is as distinct as it is inspiring—it’s why he’s a believed leader in our market and outside of.”

In a heartfelt acceptance speech, Mr. Schnitzer remarked, “My hope is that 1 working day in the potential a receiver of the generosity we have viewed listed here tonight will be up on this phase staying honored. They’ll be in a position to talk about their do the job to convey men and women with each other, to confront hazards, and to prevail over issues. And they’ll be equipped to say: ‘Someone observed a foreseeable future for me that I could not entirely see for myself.’ What a fitting tribute that would be to our business, your generosity, and the assure of partnership.”

During his acceptance speech, Mr. Schnitzer stunned the viewers by announcing the creation of The Vacationers Scholarship for Long term Leaders with a pledged gift of $250,000. The scholarship fund delivers once-a-year scholarships to GSRM students with monetary requirements who display powerful management potential.

Blended into the overflow crowd of insurance policy sector leaders have been current GSRM learners who have been ready to community with them during the cocktail reception in the festive ballroom. Aaron Mann, a graduate university student and an infielder on the St. John’s Baseball crew, moved from Little Rock, AR, to New York Town to pursue a Master of Science degree in Business Risk Management at the GSRM.

He shared, “It is extraordinary to see so numerous folks from the insurance plan business who treatment about St. John’s and who want to arrive jointly to aid students like me.”

A further university student in the crowd was large faculty senior Brennan Valane from Rocky Level Substantial School in Rocky Position, NY. Brennan designs to show up at St. John’s in the tumble and analyze at the GSRM. “I have constantly been superior at math so my steering counselor prompt a job in actuarial sciences, and when I started out performing investigate, I uncovered St. John’s,” he reported. “When I frequented the beautiful Queens, NY, campus I figured out there are so lots of options there for me.”

From the second-floor balcony of the crowded ballroom, Brennan surveyed the crowd and shared, “This is an inspiring function.”

The Maurice R. Greenberg School of Risk Administration, Insurance coverage and Actuarial Science was launched in 1901 as the Insurance policies Culture of New York and over the decades progressed into The School of Insurance coverage (TCI). In June of 2001, TCI merged with St. John’s University, starting to be a School that is portion of The Peter J. Tobin College of Business.

From its place at 101 Astor Area in Manhattan’s East Village, St. John’s awards undergraduate, M.B.A., and M.S. degrees in the insurance plan, chance administration, and actuarial science disciplines. Through its Tobin Centre for Government Education and learning, the College also provides training, teaching, and consulting providers to field, governments, and regulators all over the world.

“This year’s function was sensational in lots of respects,” mentioned Brandon W. Sweitzer, Dean, Maurice R. Greenberg School of Chance Administration, Insurance plan and Actuarial Science. “Alan Schnitzer was a most-deserving awardee and shipped thoughtful remarks about the insurance field and culture. We had a bought-out ballroom, and a incredible amount of economic assist support for St. John’s College college students was garnered. It was a unforgettable night all all-around.”

The GSRM is a world wide chief in hazard and insurance coverage education and instruction and draws candidates from many locations of the entire world. All degree systems made available by The Peter J. Tobin Faculty of Business, and as a result by the GSRM, are thoroughly accredited by the Affiliation to Advance Collegiate Educational facilities of Company.

“The Coverage Leader of the Year Award Dinner demonstrates the power and probable of a St. John’s training and our solid bonds with the world insurance policy sector,” claimed Norean R. Sharpe, Ph.D., Dean, and Joseph H. and Maria C. Schwartz Distinguished Chair, The Peter J. Tobin College or university of Small business.

The 2023 Insurance coverage Leader of the Calendar year Award Evening meal is scheduled for January 17, 2024.