Frequently Asked Questions
For Carriers & MGAs
What kind of advisory work do you do for carriers and MGAs?
▼I advise carriers, MGAs, and investors on insurance technology strategy, operating model design, and emerging risk analysis. For carriers, that includes technology portfolio governance, vendor selection, and aligning technology investments with underwriting advantage. For MGAs, it covers product architecture, underwriting operations, capacity strategy, and the operational build from formation through scale.
The work draws on direct experience at Chubb, CNA, and two MGA startups I helped build.
What is your experience with MGA operations?
▼I served as COO of BOXX Insurance, a cyber MGA where I built operations from product architecture through distribution across all 50 states. The company was later acquired by Zurich. Before that I founded Parachute Insurance, a parametric MGA for hurricane risk.
That combination of building from scratch and scaling through acquisition gives me a practical view of MGA operations that goes beyond consulting frameworks.
What carrier technology strategy work have you done?
▼At CNA, I designed the governance framework for a $325M technology portfolio, covering investment prioritization, steering committee structure, and vendor partnership selection at scale. At Chubb, I worked in corporate strategy and post-merger integration following the $28B ACE-Chubb merger, consolidating legacy organizations and introducing performance reporting across 54 countries.
I also advised insurance CEOs on strategy and value creation at Marakon and Kearney.
How do you advise on emerging risks like AI liability?
▼I have built insurance products around two emerging risk classes: cyber and parametric catastrophe. That experience informs how I evaluate new risk categories like AI liability, autonomous systems, and algorithmic decision-making.
The advisory work covers product feasibility, coverage architecture, and the measurement infrastructure needed to underwrite risks that do not yet have mature loss data.
For Community Banks
Does my cyber policy cover wire fraud?
▼For a community bank, usually not. Cyber carriers generally do not write eCrime or social engineering coverage to financial institutions. The line item can appear on the form, but the coverage is not offered in FI underwriting. That is a market appetite issue, not something your broker failed to buy.
That leaves the fidelity bond as the only policy that pays a wire fraud loss. Every bond I have read carries a social engineering endorsement, so the question is never whether you have the coverage. It is the sublimit, often $250K against a computer fraud limit many times larger, and the verification condition attached to it. Miss the required callback and the claim is denied outright rather than reduced. The bond's "voluntary parting" exclusion can also apply when an employee initiated the transfer. More on the three-policy interaction problem →
Will my D&O policy protect the board after a cyber breach?
▼Probably less than you think. Most D&O policies for community banks include a cyber exclusion that excludes anything arising out of a cyber event. The intent is to push those claims to the cyber policy, and the cyber policy does catch more of them than most boards realize, because on every community bank form I have read in full, directors are named in its definition of Insured.
What it does not do is behave like a D&O policy. There is no Side A tower reserved for individuals, so the directors share one limit with forensics, notification and business interruption, and those costs land first. On some forms nothing counts as a claim until a formal proceeding begins, which leaves the pre-formal examiner activity uncovered. And a broad securities exclusion can still bar a post-breach derivative suit. I read both policies together and identify which of those three narrows applies to you.
The Risk Intelligence Report
What is the Risk Intelligence Report?
▼A line-by-line analysis of your insurance policies against realistic claim scenarios. The report identifies where coverage responds, where it gets disputed, and where it fails. For banks, the centerpiece is the policy interaction analysis: how your cyber and D&O policies, and your fidelity bond, respond to the same incident, and where each carrier points to the other two.
The report includes specific findings, policy-language citations, and dollar-range exposure estimates. It is designed for three audiences: the board, the examiner, and the broker.
About Breezy Risk Advisors
Is Breezy Risk Advisors an insurance broker?
▼No. Breezy Risk Advisors is a fee-only advisory practice. I do not sell insurance, place policies, or earn commissions. I work with carriers, MGAs, and investors on insurance technology strategy and coverage design. I also run independent insurance audits for financial institutions. In both cases, the work is independent and fee-based.
How does an insurance audit differ from what my broker already does?
▼Your broker places insurance and earns a commission on what they sell. That is a useful service, but it is not an independent assessment.
I serve a similar function to an external auditor: independent, fee-based, no broker of record letter. I read the full policy wording, test it against specific incident scenarios, and report what I find. Most broker reviews focus on limits and premiums. I focus on the policy language that determines whether a claim gets paid.
How much does an engagement cost?
▼Engagements are fixed-fee and project-based. No hourly billing, no retainer, no commitment beyond the engagement.
Contact me directly for a quote.
Didn't see your question here?
Email contact@breezyrisk.com or use the contact form and I will get back to you.