P. Richard Hackenburg’s (Dick or Hack) legendary risk management career spanned more than 45 years.
He began as an insurance manager at Westinghouse Electric Corporation in 1967. It was there where he gained the professional foundation on which he built an illustrious risk management career.
In 1974, Richard became the Assistant Treasurer of Allegheny International, Inc. where he was responsible for the various risk management, group welfare, pension investments, industrial hygiene, environmental health, and real estate activities.
After Alleghany International, he held numerous high-profile positions throughout the industry that included President and CEO of Willis, Missouri; COO of Willis Advanced Risk Management Services; Executive Vice President at XL Insurance Company Limited; and Executive Vice President of Marketing Services at XL Global Services.
In his final professional role, he served as Vice President of Insurance and Risk Control Services at FOJP Service Corporation. His responsibilities included insurance program design and purchasing and risk control services for five large hospital systems, seven large nursing home entities and 45 social service agencies affiliated with the UJA-Federation of Jewish Philanthropies of New York, Inc. He retired on January 1, 2008.
Throughout his career, Richard has demonstrated a commitment to volunteerism and education to help advance the risk management profession and support other practitioners.
He authored numerous speeches and articles on corporate risk management principles and practices and, for over 20 years, taught AMA Insurance courses. He is a past member of the Associate in Risk Management (ARM) Advisory Committee of the Insurance Institutes of America where he served in an editorial capacity for the ARM textbooks.
Richard also shared his wealth of industry experience as an active member and officer of numerous professional associations including the Captive Insurance Companies Association (CICA), the Society of CPCU, the Manufacturers Alliance for Productivity and Innovation (MAPI), the National Association of Insurance Brokers (NAIB), and the American Management Association (AMA), where he was Past President of the Insurance Council and a member of the AMA Board of Directors.
He served in all officer positons for RIMS Pittsburgh Chapter. On the RIMS global board of directors he held various officer positions from 1980 to 1986 and served as the Society’s President from 1985 to 1986. He is an honorary member of RIMS and is an honorary Board Member (retired) of the Spencer Educational Foundation. He served on the Spencer Board of almost 20 years and was Board Chairman from 2001 to 2004.
He and his wife, Linda, have been married for almost 50 years and currently reside in Southport, North Carolina. They have three children and 10 grandchildren.