Steel City Re is a Pittsburgh, PA-headquartered leader in corporate reputation measurement, risk management, and risk transfer. Steel City Re is the Overseas Specialty Broker/Advisor to syndicates comprising various underwriters at Lloyd’s and various insurance companies led by Tokio Marine Kiln. In addition to enabling diverse reputation governance, control, and risk transfer solutions for companies, their directors and officers, Steel City Re’s Reputation Value Metrics empower third-party investment strategies and equity indices.
Quips and Quotes
- Clawbacks may ignite stockholder lawsuits. (Quote)(Agenda/Financial Times (Pay Wall), 2017).
- Better analysis of reputational losses means captives can play bigger role. (Intelligent Insurer, 2017).
- Uber’s finances pay the price for a poor reputation. (Quote)(Agenda/Financial Times (Pay Wall), 2017).
- When crises hit CEOs personal reputations are often at risk. (CEO World, 2017).
- Boards’ monitoring of culture can impact value. (Quote)(Agenda/Financial Times (Pay Wall), 2017).
- Donald Trump Jr. emails spotlight electronic communication image risks. (Quote) (Business Insurance, 2017).
- Is your company’s data safe from a rogue employee? (Quote) (Insurance Business America, 2017).
- Reputational crises put CEOs at risk. (Risk Management Monitor, 2017).
- CEOs and companies need protection when reputational crises hit. (Property Casualty 360 (Free Registration), 2017).
- Reputational risk – What about the little guys? (Mention) (Captive Review, 2017).
- Uber, execs in need of damage-control to repair reputations. (Quote) (Insurance Business America, 2017).
- Saving the Uber Kalanick built. (Quote) (Benzinga, 2017).
- Telecom CEOs face personal risk when reputational attacks occur. (Quote) (TechZone360, 2017).
- Why banks need to be wary of politics in hyperpartisan era. (Quote) (American Banker (Pay Wall), 2017).
- Speaking volumes when D&O defenses are muted (Risk & Insurance, 2017).
- Assuring the reputation (Quote/Cover Story) (Captive Review, 2017).
- Reputation Risk: Power to the brand (Captive Insurance Times, 2017).
- Reputation risk insurance (Quote) (Insurance Institute of Canada, 2017).
- Under seige (Quote) (Risk & Insurance, 2017).
- United Continental posts better-than-expected earnings amid passenger scandal (Quote) (Financial Times (Pay Wall), 2017).
- Company leaders face personal risk when reputational crises hit Opinion/Editorial (Electric Light & Power, 2017).
- Learning from Pepsi: what’s available when a “stupid” decision jeopardizes profits? (Quote) (Insurance Business America, 2017).
- How United Airlines can repair its reputation. (Quote) (Benzinga, 2017).
- Directors and officers face elevated levels of personal risk Opinion/Editorial (The Bank Board Letter, 2017).
- Containing reputational fallout. (Quote) (Business Insurance, 2017).
- Insuring pharma’s reputation Opinion/Editorial (Pharmaceutical Manufacturing, 2017).
- Teamwork: How to fight back against the weaponization of social media (Quote) (PR News, 2017).
- Fake news. Real Threat (Quote) (Risk & Insurance, 2017).
- Navigating Reputational Risks Arising From Unexpected Crises. Opinion/Editorial (Agenda/Financial Times (Pay Wall), 2017).
- What can insurance teach journalism? (Quote) (Insurance Business, 2017).
- The Worst Reputational Crises of 2016. (Quote) (Agenda/Financial Times (Pay Wall), 2017).
- Trump poses reputation threat to D&Os: CEO. (Quote) (Insurance Business, 2017).
Highlights from 2016
- Industry News, December 2016. (News Highlights Compendium) (RIMS Risk Wire, 2016).
- The self-driving, Thiel-tastic, botnet crazy tech year of 2016. (Quote) (USA Today, 2016).
- Reputation losses surge in age of ‘Weaponized’ Social Media’. (Quote) (Agenda/Financial Times (Pay Wall), 2016).
- Directors and officers now face personal risk. (Risk & Insurance, 2016).
- Social media risk oversight. (Video Interview) (Agenda/Financial Times (Pay Wall), 2016).
- Reputation risk explosion. (White Paper, 2016).
- Can you insure against fake news. (Quote) (Insurance Business America, 2016).
- Determining the uncertain. (Profile) (Insurance Business America, 2016).
- Wells Fargo is the new poster child for reputation crisis. (Quote) (American Banker (Pay Wall) & Bank Investment Consultant, 2016).
- Brands come and go, but damage to Trump’s reputation will last. (Quote) (Washington Post, 2016).
- Competing stakeholder expectations raise personal risks for directors. (National Association of Corporate Directors – Blog, 2016).
- Emerging standards for reputation protection. (Risk Management, 2016).
- New tools to bolster reputation risk management. (Risk & Insurance, 2016).
- Manage expectations, manage reputation. (Report on RIMS 2016 panel discussion) (Risk & Insurance, 2016).
- Why having the backs of good directors is better than clawbacks. (National Association of Corporate Directors – Directorship Magazine, 2016).
Highlights from 2015
Highlights from 2014
Highlights from 2013
Highlight from 2012
Highlight from 2011
Chairman of the Board
Mr. Rittereiser is a principal with Guidepost Partners, a governance and compliance advisory firm. He is also Chairman of Bellrock Controls, a health information technology company. Previously, Mr. Rittereiser was Chief Financial Officer and Chief Administrative Officer of Merrill Lynch & Co., President and CEO of EF Hutton & Co., and Chairman and CEO of Gruntal Financial, LLC. In addition to other corporate directorships, Mr. Rittereiser has served as an Industry Director for the Depository Trust Co., The National Securities Clearing Corp., and the Chicago Board of Options Exchange, and as a Trustee of the DBL Liquidating Trust.
CEO and Director
Dr. Nir Kossovsky, co-founder of Steel City Re, is an authority on business process risk and reputational value and holds more than a dozen patents, including Reputational Value Metrics. He is also a founder, director, and executive with Bellrock Intelligence, a health information technology company. Previously, he served on the boards of Patent & License Exchange and Littlearth, Inc.; was a consultant to the FDA’s medical device advisory panels; and is featured in case studies from Harvard and Darden Schools of Business. He is currently executive secretary of the Intangible Asset Finance Society.
Mr. McGinty is formerly Senior Managing Director of the NASDAQ Insurance Agency. He is currently with the ELS group, an insurance brokerage specializing in the needs of high net worth individuals. Previously, he served as a founding partner and President & COO of American Wholesale (currently operating as AMWINS), a national property & casualty and Employee Benefits Insurance firm. Bill also served in various senior management positions for the Sedgwick Group, including New York Regional COO and Director of US Office Operations.
Mr. Liebman is the Chief Compliance Officer and Director of University Compliance Services at The University of Texas at Austin, which is one of the largest public research universities in the world. Previously he held legal and compliance leadership roles at Exxon, Koch Industries and Dell. Mr. Liebman has been advocating for more than 25 years that a reputation for acting legally and ethically is a significant source of enterprise value. He is a recognized thought leader in the governance, risk and compliance (GRC) community, was elected an OCEG Fellow by his peers, and was named to the list of GRC Pioneers and Trailblazers by The National Law Journal.
Co-Founder and Senior Vice President
Mr. Gerken leads Steel City Re’s underwriting, broker relations and development services where he works with brokers, captive managers, as well as directly with senior risk and finance executives. Mr. Gerken has been in the commercial insurance industry as both an insurer and broker for 35 years. Over the past 15 years, Mr. Gerken has specialized in intellectual property, intangible asset, and reputation value solutions. Previously, Mr. Gerken was IP Practice Leader at Marsh. Mr. Gerken has an MBA in Management from Bernard Baruch College (CUNY), and holds the CPCU designation.