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“For your pioneering work, we will forever be grateful!”
“Alexander Farley, President of AIM and as Special Deputy Rehabilitator of Pawtucket Mutual and Narragansett Bay Insurance Companies saw the intrinsic value to revitalize this 148 year old New England mutual insurance franchise. He created and executed an ingenious plan to recapitalize these entities as stock companies. After a well-orchestrated search and bid process, our selection over five other qualified offers has enabled this recapitalized vital New England insurer to increase needed capacity for home coastal wind insurance. Alec, your experience in revitalizing troubled insurers and tireless work was the bridge for us to buy the companies. For your pioneering work, we will forever be grateful.” – Stewart H. Steffey, Jr; Chairman & CEO
“I worked with Alec in several cases and have known him through professional activities for many years. Alec is one of the best critical thinkers I know in the insurance business. He digs into the facts like few others do and develops creative solutions to seemingly intractable problems. Alex has a lean organization and has excellent relationships with providers who work with him seamlessly on large projects.” – Horwich Esq.; Partner, Insurance Practice Leader
“Alec, as I complete my career at the New Jersey Department of Banking and Insurance, I wanted to thank you for the excellent help you have provided over the past several years. I greatly appreciate your work as Deputy Rehabilitator in dealing with two of our most problematical receivership actions. As more importantly in other cases where you acted as Administrative Supervisor or otherwise performed management and operations assessments, you identified problems and developed creative solutions that were successful in returning troubled companies to financial health.” – Don Bryan, Director
“I have had the opportunity to observe Alec Farley’s work in a number of ways for about thirty years. First, I suggested that he form a consulting group to provide services to state insurance regulators. I am pleased to say he followed my advice and I actually ended up hiring him for a number of assignments. His performance exceeded my expectations. I have recommended him to others for a variety of consulting jobs and these clients expressed great pleasure with his services. I have also encountered him as an adversary where he was a formidable foe but he never took our differences personally and we have remained friends. Alec is extremely personable, quick in response and is also able to articulate his point of views or thoughts extremely well. He has comprehensive knowledge of the insurance business and is a pleasure to work with. Overall, I would recommend him highly.” – James Schacht, Owner,
“Alec, our successful public offering that revitalized Pioneer and substantially enhanced shareholder value was in large part due to you and AIM’s consulting support. The enterprise strategy development process and implementation guidance you provided enabled us to create better sales value propositions with refined products and means of distribution as well as to help us establish a more effective organizational structure.” – Peter J. Nauert, President & CEO
“As a CEO, President and/or CFO and a member of several boards of directors – I’ve worked with many talented professionals. During the early 1990s my then consulting firm participated in a joint venture with Alec Farley’s new firm, American Insurance Management (AIM). I had the pleasure and privilege to work with Alec for five years and presently assist AIM in an advisory capacity as an Executive Director. In delivering quality product and displaying the highest ethical standard, there are few consultants working so tirelessly to understand a client’s issues and needs. He creates the right solutions collaboratively and his excellent communication skills lead to actionable directives. His ability to understand complex issues while never losing sight of the “big picture” is unique. Alec is truly one of the finest insurance professionals I have had the pleasure to work with in my long career. I am most pleased to provide this recommendation on his behalf.” – Roland C. Baker, Independent Trustee
“Since 1992, Alec Farley and AIM have provided invaluable services to the Illinois Insurance Department in evaluating numerous potentially troubled companies. His work has enabled us to accurately assess a company’s management and it’s true financial condition. This allows us to develop effective corrective action plans and monitoring or pursue liquidation if necessary. In such situations, his expert testimony and AIM reports become key factors supporting the Department’s case when court action is required.” – Jack Messmore; Chief Deputy Director
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