Steven M. McElhiney is the president and CEO of EWI Re, Inc., a subsidiary of NL Industries, Inc. (NYSE: NL), and a member of the Contran Corporation group of companies. He also serves as the chief risk officer for Contran Corporation, which is a global, privately-owned holding company that, through wholly-owned and majority-owned subsidiaries, controls four public companies and a number of privately-owned companies. Contran Corporation is primarily involved with operations in chemicals, component parts, steel, and waste management. Mr. McElhiney is also the president of Tall Pines Insurance Company of Vermont (Contran Corporation’s captive insurance company) and Chairman of EWI Re (UK), Ltd., EWI Re’s London based subsidiary.
Upon joining EWI Re in 2004, Mr. McElhiney’s insurance industry experience had spanned over 2 decades with groups including Fireman’s Fund, TIG Specialty Insurance, Overseas Partners US Reinsurance Company, and Argo. He has served in the roles of CFO, corporate treasurer, ceded reinsurance division executive, chief investment officer, and board member. He has managed global commutations and was on the Creditors Committee of the English & American Insurance Company, representing North American creditors as a class as well as chairing Catastrophe and Security Committees with global organizations.
He is a past president and chairman of the International CPCU Society (2011–2012), a professional association of 24,000 members, and a past chairman of the board of the Vermont Captive Insurance Association (2011–2013).
Mr. McElhiney has an MBA in Corporate Finance and a BS, cum laude, from the University of Southern California. He attended graduate-level executive financial and management programs at Northwestern University’s Kellogg School of Management and the University of Michigan’s Ross School of Business.
Mr. McElhiney authored Fundamentals of Reinsurance and Reinsurance Markets for IRMI in 2012. He also authored a section on reinsurance commutations that has been used as required reading by The Institutes for the ARe program. He has been interviewed and quoted in a variety of insurance publications and is a frequent panelist at reinsurance, capital markets, CPCU, captive, and risk management industry events.