Direct and digital insurer Colonial Surety has announced the appointment of Richard Clarke as chief insurance officer.
Clarke’s appointment comes on the heels of Colonial Surety’s recent small and medium-sized business (SMB) platform launch, which was aimed at making it simpler for businesses to find, purchase and manage insurance and bond products. In his new role, Clarke will lead all insurance strategy and operations for the expansion of Colonial Surety’s SMB-focused product suite.
Clarke has more than three decades of industry experience. He is a Chartered Property Casualty Underwriter, a Certified Insurance Counselor, and a Registered Professional Liability Underwriter. Clarke is also a higher education teacher who specializes in continuing education for insurance agents and an author who has published articles in insurance publications and written two books, Maximizing Coverage Minimizing Costs (1994) and Executive Liability Insurance (Sixth Edition, 2020).
“We are privileged to be able to add an experienced insurance expert of Clarke’s caliber to the Colonial Surety team,” said Wayne Nunziata, CEO of Colonial Surety. “Clarke’s deep experience from working closely with insurance agents, and his forward-looking vision to help us provide SMBs with the same standard of insurance coverage that large corporations get access to, will be a critical asset as we look to expand our existing line of SMB products and services.
“Clarke will be instrumental in building out our online SMB platform into an all-in-one hub providing every type of coverage a small business owner could need to protect themselves in this ever-evolving digital world.”
“I’m thrilled to be joining Colonial Surety at this exciting stage of growth,” Clarke said. “I’ve been searching for a venture where I could make a significant impact and maximize the return on my career experience to date. I look forward to the challenge of enhancing Colonial Surety’s SMB-focused offerings and creating a service that delivers real value to its current and future clients.”