Mercyhurst welcomes risk manager in residence

If there’s anybody who understands how risky the world is, it’s risk managers.

In the post 9/11 environment, evaluating risks and planning for catastrophe have taken on a whole new dimension. As a risk management professional with more than 25 years of experience, Leonard Resto, CPCU, vice president of risk management/insurance for Lehman Brothers Inc. in New York City, will share his expertise and timely insights with Mercyhurst students, faculty, and administrators; and interested members of the Erie community as risk manager in residence at Mercyhurst College Wednesday and Thursday, Oct. 15-16.

As part of his stay, Resto will lead a public forum on Thursday, Oct. 16, at the Audrey Hirt Academic Center from 9 a.m. to noon. Resto’s program is geared toward those in the insurance and financial fields, including stock and bond brokers, risk managers, and professionals in banking, accounting, law and health care. Although the program is free and open to the public, reservations are required and can be made by contacting Robert Potalivo, director of insurance education, at 824-2033.

Resto’s visit is being coordinated by the Mercyhurst College Office of Adult and Graduate Programs, which received a $3,500 grant from the Spencer Educational Foundation Inc. to provide the unique educational experience, according to Lynda Schaaf, director of adult education.

“The adult and graduate programs office, in keeping with the Mercyhurst mission, continually looks for ways to reach out to the community to provide quality and insightful information,” Schaaf said. “We are fortunate to be able to bring to Erie an individual of Mr. Resto’s experience and expertise.”

In his current position, Resto is responsible for negotiating and administering Lehman Brothers’ property and casualty insurance program worldwide. In addition, he administers Lehman’s workers compensation self-insurance program for New York State, and conducts risk analyses for mergers and acquisitions. Before joining Lehman Brothers in July, Resto served as manager of corporate risk management at Dun & Bradstreet.

Among the topics Resto will discuss as manager in residence at Mercyhurst are the post 9/11 world and corporate scandals; property insurance considerations, including current pricing trends, availability, underwriting considerations and strategies; general liability, including preparing submissions, price trends, loss control; umbrella liability – how much is “enough;” and professional liability, including protecting directors and officers.

In addition to making himself available to the community, Resto will be a guest in several classes on the Mercyhurst campus and meet with college faculty and administration during his two-day stay.
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