Marc Adee is the CEO of Crum & Forster, a leading specialty insurance carrier founded in 1822 and headquartered in Morristown, New Jersey. Marc joined Fairfax in 2000 and holds a B.A. from Northwestern University and an M.B.A. from the University of Chicago. He is a fellow of the Casualty Actuarial Society and a member of the American Academy of Actuaries. He serves on the boards of the American Property Casualty Insurance Association, the Maurice R. Greenberg School of Risk Management, Insurance and Actuarial Science, the Foundation for Morristown Medical Center, the Community Foundation of New Jersey, the Tri-County Scholarship Fund, and Fulcrum Digital. In this episode of In the Know, Chris Hampshire and Marc discuss his career path and work as an actuary, his book The Once and Future C & F, and his passion for getting the next generation fired up about being in insurance.
Key Takeaways
Marc’s career path and focus on preparing the next generation in the insurance industry.
Marc recalls his decision to research and write The Once and Future C & F as a busy CEO.
The history of Crum, a great company that lost its way and got another chance.
Luck versus strategic decision-making in redefining a company.
The impact of culture on driving desired results.
Marc’s advice for crafting the career path you envision.
Characteristics of key leadership individuals.
Attracting high-quality talent in today’s economy.
Marc’s blissful advice to his early career self.
In the Know podcast theme music written and performed by James Jones, CPCU, and Kole Shuda of the band If-Then.
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Quotes
“Crum is a great company that lost its way and got another chance.”
“Getting the right people in and getting them excited is a big part of a company’s culture.”
“You can have a rich career develop in one place, but it may require you to raise your hand for some of the crummy jobs.”
