Crum & Forster’s Credit Division has announced the appointment of Drew M. Kovalsky as Vice President, Credit Underwriter.
Kovalsky, a Chartered Financial Analyst, is responsible for the research, evaluation and underwriting of Crum & Forster’s suite of credit insurance and alternative risk finance products for North American customers and other select jurisdictions, which includes single situation credit and multibuyer trade credit insurance, and alternative risk finance.
Within this role, Kovalsky will be based in New York and will report to Donald Asadorian – Senior Vice President, Credit Division.
Additionally, Kovalsky has nearly twenty years of experience as a credit analyst with leading financial institutions and capital risk management firms.
His expertise focuses on origination and underwriting of transactional credit solutions for varied asset classes, underwriting structured finance, project finance, infrastructure-related credits and municipal enterprises.
Most recently, he served as Vice President & Credit Analyst with Assured Guaranty for over fifteen years where he was responsible for overseeing credit evaluation of corporate fixed income classes, as well as credit research for alternative asset-backed finance transactions.
Prior to that, he served with Barclays Capital as Manager of its Structured Credit & Complex Transactions Group and the specialty Financial Institutions Group.
These roles followed on from prior positions as an analyst with Moody’s Investor Service and Bank of America, respectively.
Addressing Kovalsky’s appointment, Asadorian, said: “Drew is an accomplished credit analyst with in-depth expertise in evaluating a range of fixed income credits for complex asset classes. We are pleased to have Drew join our growing team of industry professionals as we continue building upon our division’s insurance platform to meet the diverse risk management needs of Crum & Forster’s credit finance clients.”