Mike Draeken
Risk Management Executive at Watkins Insurance Group
- Role
- Risk Management Executive at Watkins Insurance Group
- Location
- Austin, TX, US
- LinkedIn followers
- 500 followers
About Mike Draeken
Highly successful professional with 20+ years experience in the financial services and risk mangement consulting space. I help companies manage their risk profile so that they can focus on growing their business. Whether you are an early stage company in development or preparing for an IPO, I will assist you in determing the proper approach to managing your exposures with programs that are cost efficient without compromising coverage.I take the time to understand your business from product development, capitalization, cash flow, supply chain, channel partners to international growth and build programs around your risk profile. All companies are different and have the need for different insurance products. Simply quoting a program will leave most compaines with an uncovered exposure if not thought out carefully. This is how I approach every business. I spent 13 years as a commercial banker focusing on the technology space. Strong understanding of the VC and PE community as well as financial statement and cash flow analysis. This experience has allowed me to transistion to the risk managment side by helping companies protect their balance sheet and provide thorough explanations to underwriters when dealing with complex risk. I specialize in the following areas:Directors and Officers coverageCyber coverageE & OComplex casualtyIPOsMergers and AcquisitionsProduct RecallReps and Warranty coverageProperty and Casualty
Experience
Risk Management Executive
Jan 2015 — Present
In my role as a Risk Management Executive at Watkins Insurance Group, I am responsible for assessing and mitigating risks for clients, providing tailored insurance solutions, and collaborating with teams to optimize processes. I develop customized insurance solutions to meet individual and business needs, contributing to the overall success and growth of the company.
Education
California State University-Sacramento
Business Finance
1989 — 1992
California State University, Chico
Bachelor of Science, Finance
1992 — 1994
Skills
- Legal Liability
- Strategic Planning
- D&O Insurance
- Financial Analysis
- Cyber Insurance
- Insurance
- Business Development
- Identity Theft Insurance
- Finance
- Mergers & Acquisitions
- Trade Credit Insurance
- Casualty
- Employee Benefits
- Property & Casualty Insurance
- Commercial Lines Coverage
- Management
- Reps and Warranty Insurance
- Liability
- Financial Risk
- Commercial Insurance
- Credit
- Sales
- Financial Services
- Underwriting
- Consulting
- Excess
- Banking
- Casualty Insurance
- Risk Management
- E&O Insurance
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