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New York State Insurance Fund (NYSIF)
- Ken Radigan
Ken Radigan has a diverse and extensive work experience in the field of risk management. Ken currently serves as the Chief Risk Officer (CRO) for the New York State Insurance Fund (NYSIF), where they provide leadership and direction on risk management activities. Ken is responsible for overall enterprise risk management and oversees the classification of risks into different categories.
Prior to their role at NYSIF, Radigan worked as a Lecturer at Columbia University, teaching Insurance Risk Management as part of the Masters in Insurance Management program. Ken also served as the Chairperson of the Owners Association advisory board at the Newstead Belmont Hills Golf Resort & Spa, representing the owners' interests in the management of the resort.
Radigan has significant experience in association leadership, having served as the CEO of the Professional Risk Managers' International Association (PRMIA), a global organization with 46 chapters worldwide. Ken was responsible for providing extensive learning and development opportunities to over 50,000 risk professionals through various programs and publications.
Additionally, Radigan has held positions at AXA, Prudential Financial, Aspen Insurance, and AIG. At Aspen Insurance, they served as the Chief Risk Officer for the US and Bermuda operations, responsible for developing and overseeing the risk management framework. At AIG, they advanced to the role of Chief Risk Officer for Casualty and GRS divisions, overseeing billions of dollars in gross written premium and detecting core risks. Ken also served as the Director of Catastrophe Modeling and Senior Vice President during their tenure at AIG.
Overall, Radigan's work experience reflects their expertise and leadership in risk management across various sectors and organizations.
Ken Radigan attended the University of Dayton from 1978 to 1982, where they earned a Bachelor of Arts (B.A.) degree in Mathematics. In terms of additional certifications, they obtained a Certificate in Cyber Risk Governance from The DCRO Institute in April 2023, a Qualified Risk Director certification from The DCRO Institute in March 2023, and a Certificate in Risk Governance from The DCRO Institute in February 2023. Ken also holds a Chartered Property Casualty Underwriter (CPCU) certification from The Institutes, obtained in September 2016. Additionally, they are a Professional Risk Manager certified by PRMIA - Professional Risk Managers' International Association, achieved in August 2012. Ken Radigan is also an Associate in Risk Management (ARM-P); however, no specific information regarding the month and year of obtaining this certification is provided.
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New York State Insurance Fund (NYSIF)
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The New York State Insurance Fund (NYSIF) was established in 1914 as part of the original enactment of the New York State Workers’ Compensation Law. NYSIF's mission is to guarantee the availability of workers’ compensation insurance at the lowest possible cost to New York employers and to provide timely, appropriate indemnity and medical payments to injured workers, while maintaining a solvent fund. Since inception, NYSIF has fulfilled the dual roles for which it was created: to compete with other carriers to ensure a fair market place and to be a guaranteed source of coverage for employers who cannot secure coverage elsewhere. NYSIF is the largest workers’ compensation carrier in New York State and among the top 10 largest workers’ compensation carriers in the nation, insuring approximately 155,000 policyholders, with more than $2 billion in annual premium and $18 billion in assets. A self-supporting insurance carrier, NYSIF operates without taxpayer funding. In addition to workers’ compensation insurance, NYSIF provides disability benefits coverage for off-the-job injuries to more than 61,000 New York employers. In 2018, NYSIF added Paid Family leave as a component of its disability benefits product, providing New Yorkers with job-protected, paid time away from work to care for their families.
