In the News: Press Releases

Press Releases

Complete Press Releases are in Adobe Acrobat PDF format. You need the free Acrobat Reader to view them.

Maura Gallagher

We are deeply saddened by the recent passing of our colleague, Maura Gallagher, Manager of Sales & Client Services. For ten years, Maura has been a highly valued and much appreciated colleague, developing many strong relationships over that time. We know you share our sorrow and join us in offering condolences to her family. Maura will be greatly missed.

 

  • Visitation: Lawrence Funeral Home, 2119 Boston Post Road, Darien, CT., Monday, May 15, 2017, 4:00-8:00 PM.
  • Funeral Mass:  St. John’s Church, 1986 Post Road, Darien, CT., Tuesday, May 16, 2017 at 11.00 AM.

The obituary has been published. You can view it here.

When the obituary has been published, a link will be posted here.

A.M. Best Affirms Ratings of R.V.I. Guaranty Co., Ltd. and R.V.I. America Insurance Company

OLDWICK, N.J., July 20, 2016

A.M. Best has affirmed the financial strength rating of A- (Excellent) and the issuer credit ratings (ICR) of “a-” of R.V.I. Guaranty Co., Ltd. (RVI Guaranty) (Bermuda) and its Connecticut-domiciled subsidiary, R.V.I. America Insurance Company (RVI America) (collectively known as RVI). The outlook for each rating is stable.

To read the full report, click here.

A.M. Best Upgrades Ratings of R.V.I. Guaranty Co., Ltd. and R.V.I. America Insurance Company

OLDWICK, NEW JERSEY, U.S.A., July 1, 2015—A.M. Best has upgraded the financial strength rating to A- (Excellent) from B++ (Good) and the issuer credit ratings (ICR) to “a-” from “bbb+” of R.V.I. Guaranty Co., Ltd. (RVI Guaranty) (Bermuda) and its Connecticut-domiciled subsidiary, R.V.I. America Insurance Company (RVI America) (collectively known as RVI). The outlook for all ratings has been revised to stable from positive.

To read the full report, click here.

RVI Group Announces the Appointment of Ed Flynn as Vice President, Commercial Equipment

Stamford, CT – June 2015

RVI Group announced today that Ed Flynn has joined the company as a Vice President, Commercial Equipment. Flynn comes to RVI with 14 years of aviation financing experience related to both corporate and commercial aircraft and was most recently director of aircraft financing contracts and reporting at Bombardier. He will be responsible for sourcing and servicing residual value insurance opportunities in the commercial aviation, general aviation and commercial equipment business lines.

“We’re excited to welcome Ed to our team,” said John O’Bryan, Senior Vice President. “His extensive experience and proven track record in aircraft finance will be a huge asset to our growing company, the clients we serve and those we are developing.”

Flynn is a graduate of Touro College where he earned a Law degree and Marist College where he received Bachelor’s degree in Business Administration with a concentration in Finance

RVI Group Announces Notable Employee Promotions

Stamford, CT – June 2015

The RVI Group is pleased to announce two noteworthy promotions:

Rene Abdalah has been promoted to Senior Vice President, responsible for RVI’s Passenger Vehicle Business. Mr. Abdalah’s strong leadership, forward thinking mentality and commitment to continued product innovation have been key to the success of the business since he came on board in 2002, and will continue to be central to RVI’s continuing expansion.

Before joining RVI, Mr. Abdalah was a Principal at The Campbell Group in Boston, MA, and prior to this spent four years at Standard & Poor’s Global Automotive Group. Earlier in his career, he worked at World Omni’s residual risk group, and the Federal Reserve’s automotive group. Abdalah holds a B.A. degree in Mathematical Economics from Brown University.

“Rene has been instrumental in the evolution of the Passenger Vehicle business. His strategic ability, knowledge of the auto industry, and analytical expertise combine to create a unique capability to drive further growth of the business. We are delighted to have Rene on the team!” said Douglas May, Chief Executive Officer of RVI.

Wei Fan has been promoted to Senior Vice President, responsible for RVI’s Risk Management and Quantitative Analysis. Since Mr. Fan joined RVI in 2007 he has made significant contributions to the risk management, underwriting and financial analysis methodologies.

Prior to joining RVI, Wei was a Director with JD Power & Associates, where he directed the development of a number of used vehicle valuation applications as Chief Designer and Methodologist including the total loss valuation system currently used by major insurance carriers. His area of expertise is in the design and development of complex econometric models for use by companies in the used vehicle industry. He holds a Ph.D in Economics from the University of Michigan, a Masters in Physics from the University of Delaware, and a B.S. in Applied Physics from Shanghai Jiao Tong University.

“Virtually every aspect of how our business is managed has been improved through Wei’s contributions; we are very fortunate to have someone of his caliber on our team,” said Daniel Egan, EVP and Chief Risk Officer of RVI.

We anticipate another strong year of performance in 2015 and are confident that we have the best team in place to make it happen. RVI Group is the world’s leading provider of residual value insurance, consistently delivering value to our customers through specialty insurance, financial solutions and analytical services. We attract, reward and encourage highly skilled and dedicated professionals through our commitment to excellence, development and teamwork.

RVI Group Announces the Appointment of Sharon N. McKenna as Vice President, Aircraft Risk and Asset Management

Stamford, CT – March 2015

The RVI Group is pleased to announce Sharon N. McKenna has been appointed Vice President, Aircraft Risk and Asset Management.  Sharon will be responsible for all underwriting of commercial and general aviation transactions, performing risk analysis, preparing appraisals and conducting surveillance of RVI’s aircraft portfolio.  In addition, McKenna will support the production of new business and the development of new products.

“With Sharon now concentrated on the aviation sector, we can further expand our focus on this key growth area,” said John O’Bryan, Senior Vice President, Commercial Equipment.

Sharon’s entire career has been in the equipment finance industry with an emphasis in Aircraft, Rail and Marine assets.  Ms. McKenna’s career includes management roles in the U.S. and Europe for companies such as debis Financial Services, Pitney Bowes Credit Corporation and McDonnell Douglas Finance Corporation.  She joined RVI in September 2000 and is a member of ISTAT, ASA and ELFA.  Sharon is a past Chairperson for ELFA’s Equipment Management Committee and has spoken at numerous industry events.  Ms. McKenna is a graduate of Wells College where she received a Bachelor’s degree in Biology.

RVI Group Announces the Appointment of John F. Napierkowski as Vice President, Commercial Equipment Underwriting

Stamford, CT – February 2015

The RVI Group is pleased to announce that John F. Napierkowski has joined the company as Vice President, Commercial Equipment Underwriting. John’s position is new, created as a result of the continuing growth of the Commercial Equipment business. John will be working alongside Sharon McKenna, Vice President, whose focus now is solely on aircraft underwriting and surveillance. John will be responsible for generating and overseeing the analysis of all commercial equipment transaction underwriting excluding aircraft, performing risk analyses based on industry, asset and market research, conducting surveillance of RVI’s commercial equipment portfolio, and supporting production of new products and business.

“With John focused on equipment and Sharon focused on aircraft we will be able to provide faster underwriting turnaround and greater service to our clients,” said John O’Bryan, Senior Vice President, Commercial Equipment.

John has spent his career in the equipment finance industry, starting with GE Capital in 1991, before moving on to debis Financial Services, Hitachi Capital America and Webster Capital Finance, before joining RVI. He was most recently the Vice President of Asset Management at Webster Capital Finance for 6 years.

John is a graduate of Providence College, where he received a Bachelors of Science Degree in Mathematics.

RVI Group Announces the Appointment of Daniel Egan as Chief Risk Officer for RVI

October 18, 2011 – Stamford, CT – RVI Group announced today the promotion of Daniel Egan to the position of Chief Risk Officer for the company. In this role, Dan will direct the Risk Management Group, a newly formed division responsible for all transaction underwriting and portfolio surveillance for the company. He will retain his position on the Executive Leadership team.

Dan joined RVI in 1996 and has been responsible for all aspects of the company’s Commercial Equipment Group since 2001. Prior to joining RVI, Dan held a position as a Senior Manager at Coopers & Lybrand focusing on financial services firms. Dan received his B.S. in Accounting from Bentley College and is a Certified Public Accountant.

“While virtually all markets have seen unprecedented levels of volatility since 2008, RVI has come through this period profitably. Dan has played a key role in our success.” said Doug May, Chief Executive Officer. “We see the creation of the Risk Management division and Dan’s leadership of it as an opportunity to further strengthen our core risk management expertise and expand our capability for growth.”

RVI Group is the world’s largest specialist in residual value insurance, serving both lessors and lessees in the commercial equipment, aircraft, passenger vehicle and commercial real estate markets. Residual value insurance protects against a decline in market value of tangible assets, and is a critical tool for asset risk and lease accounting. The tremendous flexibility of residual value insurance allows a tailored program to meet the objectives of each unique client.

 

RVI No Longer Using Fitch to Rate its Financial Strength

R.V.I. Guaranty Co., Ltd. – Bermuda – 29 Sept 2011:  R.V.I. Guaranty Co., Ltd., a Bermuda Class 3A Insurer, and its affiliated Connecticut domiciled insurance entities R.V.I. America Insurance Company and R.V.I. National Insurance Company (collectively referred to as “RVI”) announced today that they will no longer use Fitch Ratings to rate their financial strength.  RVI will continue to use Standard & Poor’s and A.M. Best for financial strength rating services as it believes that these two agencies can adequately service its ongoing needs.

RVI is a leading provider of residual value insurance and analytical services to its clients that are active in leasing and asset-based finance transactions for passenger vehicles, commercial equipment and commercial real estate.

For more information please contact: 203-975-2100 or visit our website:  www.rvigroup@com.

The RVI Group Engages Willis Capital Markets & Advisory to Assist the Company in its Review of Strategic Alternatives

September 28, 2010 — Stamford, CT — The RVI Group (“RVI”), a leading specialty writer of residual value insurance in the commercial equipment, passenger vehicle and real estate markets, today announced that it has retained Willis Capital Markets & Advisory to assist the Company in its review of strategic alternatives, including capital raising opportunities, as well as a sale, merger or other business combination.

About RVI

RVI is a leading provider of residual value insurance and analytical services to its clients that are active in leasing and asset-based finance. RVI delivers its products and services utilizing sophisticated underwriting, risk analysis and asset valuation expertise to enhance commercial equipment, passenger vehicle and commercial real estate transactions.

For more information please contact: Michael P. McGroarty, (203) 975-2156, mmcgroarty@rvigroup.com

« Older Entries