Two Sigma Insurance Quantified (TSIQ), a leading underwriting technology company for the commercial P&C industry and an affiliated company of Two Sigma, has appointed David W. Michelson and Edward A. Sweeney, Jr. as strategic advisors.
The two join co-founder and co-chairman of Two Sigma David Siegel and TSIQ strategic advisor John “Jay” Nichols, to form an Advisory Council for the company.
TSIQ’s Advisory Council brings together distinguished experts from the insurance, financial services and technology industries to provide valuable direction and ensure high impact for clients.
Michelson is the President of DWM Consulting and former CEO, President and Senior Advisor to National Interstate Insurance Company, where the company was consistently profitable and outperformed the market during his 24 years in leadership roles.
Overall, he brings with him a wealth of knowledge and experience within the property and casualty insurance industry towards this new role.
He has previously served as board director and advisor to major companies, including Protective Insurance and Lytx and he is currently an Advisor to CompScience, Roadz and High Definition Vehicle Insurance.
Michelson, said: “I have been impressed with TSIQ’s unique approach. By working directly with CUOs and underwriters the team is able to deliver technology and data-driven insights that drive business outcomes. I look forward to contributing my perspectives to help the products continue to evolve.”
Moreover, Sweeney was most recently an Executive Vice President at Guy Carpenter & Co. LLC where he was a trusted advisor to global insurance companies for more than 40 years.
He has previously held roles including Casualty Specialties Leader, Head of Eastern Region and Global Clients Executive Leader. He has extensive knowledge in product, general, professional and management liability lines, as well as reinsurance risk management strategies.
Sweeney, added: “TSIQ’s technical capabilities and products are unparalleled. What makes this group different is their application of these competencies in a way that eliminates burdensome manual processes and provides leaders with real-time intelligence about their underwriting. I’m excited to help them build on their strategy of partnership with clients.”
“We are thrilled to formalize this Council and welcome Dave and Ed to our team,” commented Brian Modesitt, CEO of Two Sigma Insurance Quantified.
“Dave and Ed bring tremendous expertise as leaders and trusted advisors in the property and casualty insurance industry. Combined with David and Jay, the experience and guidance of the council will accelerate our ability to work with the industry to innovate within underwriting.”
