Edward P. Wunderer III
ACI – Risk management consultant
Oxford Risk
Eddie is a graduate of Towson University with a Bachelor of Science in Finance. He received his Associate in Captive Insurance (ACI) designation in early 2018. In his spare time Eddie enjoys playing golf, traveling, attending Baltimore Orioles and Baltimore Ravens games. Eddie resides in Towson, Maryland.
Professional profile
Eddie joined Oxford Risk Management Group in early 2014 while completing his studies at Towson University. For a year and a half Eddie worked and trained with the sales team on numerous projects, including working with senior sales team members to generate new client opportunities.
As a Risk Management Consultant for Oxford, Eddie is responsible for new client sales and internal management. He works with trusted client advisors throughout the country educating and conducting feasibility analysis on the formation of captive insurance programs. In addition to the client and advisor education, Eddie manages the inside sales team assisting the Sales Associate members with their professional development and new lead generation.
How did you end up in the captive industry?
During my junior year in college I began evaluating where I wanted to take my career. I wanted the opportunity to consult with business owners and help solve intricate problems. While reviewing other industries, I stumbled in the insurance industry and all the different avenues of which it was composed. I came across Oxford Risk Management Group and was instantly fascinated with the alternative risk management programmes they were providing for their clients.
I spent time researching on the internet and studying a book written by the two owners of Oxford. Before I knew it, I became an intern and began learning all aspects of the captive insurance industry. At that time we were a relatively small company so the Oxford family took me in and entrusted the vision that Mike DiMayo, principal of Oxford had for not just the company but for me as an individual.
What has been your highlight in the captive industry so far?
The highlight of my captive career thus far is really two things. The first being that I completed my ACI designation, which was phenomenal and instrumental in my development. This programme enabled me to learn about different types of captive programmes from some of the best professionals in the industry.
The second highlight of my captive career was being involved in the 2018 Founders Meeting in the Grand Cayman Islands where Oxford celebrated the launch of a new enterprise risk management structure. All this hard work further deepened my passion and dedication to provide the best experience for each of our clients. We received unbelievable feedback and I truly think we have paved the way for the enterprise risk captive market with this solution.
What is your impression of the industry?
The industry as a whole is extremely interesting. I find it intriguing all the different types of captive programmes that are out there and the level of complexity.
Through the many different programmes there is a huge potential for growth within the industry as captive providers become even more sophisticated. Along with industry growth, I feel my personal and professional growth are limitless. You can take so many different routes within the captive industry and be successful. I would love to see more young professionals join the industry and see what there is to offer.
What advice do you have for someone considering a role in the industry?
Evaluate all aspects of the business before diving into one area. When I first began with Oxford Risk Management Group, I spent time with all the departments, including implementation, underwriting, client services, claims management, legal and renewal, before deciding that the captive consulting area was where I wanted to focus. The cross training spent in the other departments helped me better my knowledge and ultimately shape my future. If nothing else, read about the different roles within a captive insurance organisation and find what best suits your career goals, objectives and of course, interests.
"Eddie is an excellent example of emerging talent, and we as an industry need to find more young people like him. I’ve watched him grow from a college intern to one of the most productive business development officers at his firm. The principal characteristics that make Eddie an emerging talent and a certain future leader in our industry are his curiosity, his work ethic and his disposition."
Jeffrey Simpson
Director
Gordon, Fournaris & Mammarella
