Colonial Surety faucets new chief insurance coverage officer


Direct and digital insurer Colonial Surety has announced the appointment of Richard Clarke as Chief Insurance Officer.

Clarke’s appointment follows the recent launch of Colonial Surety’s Small and Medium Business (SMB) platform, which aimed to make it easier for companies to find, buy, and manage insurance and bond products. In his new role, Clarke will lead the overall insurance strategy and operations for the expansion of Colonial Surety’s SMB suite of products.

Clarke has more than three decades of industry experience. He is a Chartered Property Casualty Underwriter, Certified Insurance Counselor and Registered Professional Liability Underwriter. Clarke is also a college professor who specializes in continuing education for insurance agents and is 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 add a seasoned insurance expert of Clarke’s caliber to the Colonial Surety team,” said Wayne Nunziata, CEO of Colonial Surety. “Clarke’s extensive experience of working closely with insurance agents and his forward-looking vision of providing SMBs with the same standard of insurance coverage that large companies have access to will be a key asset as we expand our existing line of products and services for SMBs .

“Clarke will be instrumental in building our online SMB platform into an all-in-one hub that offers every type of coverage a small business owner might need to protect themselves in this evolving digital world.”

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“I am very excited to join Colonial Surety in this exciting period of growth,” said Clarke. “I was looking for a company where I could make a significant impact and maximize the return on my previous career experience. I’m looking forward to the challenge of improving Colonial Surety’s SME-oriented offerings and creating a service that offers its current and future customers real added value. “