$300,000 gift to CU Denver Business School program will help develop risk management and insurance workforce

Image of person snowboardingDENVER—The Surplus Lines Association of Colorado has committed $300,000 to the Risk Management and Insurance (RMI) program at University of Colorado Denver Business School. The gift will endow a scholarship fund and underwrite an international Risk Management and Insurance travel course that will help the program develop students who will graduate prepared to join the insurance industry workforce.

The University of Colorado Denver is Colorado’s only public university to offer a program specializing in risk management and insurance, which was established at the Business School with a 2010 gift from Pinnacol Assurance.

Dick Nieder, president of the Surplus Lines Association, said the RMI program addresses a critical problem. A large proportion of risk management and insurance employees is expected to retire in the next five years, and as Denver grows as an insurance and business hub, it will require an increasing number of new industry professionals.

Troy Sibelius, CIC, CRM, a director of the Surplus Lines Association stated, “We are very excited to contribute scholarships and funds to underwrite an international travel course to London, Bermuda, and New York. These funds will help emphasize the complexities and importance of surplus lines insurance in the property and casualty insurance industry, and to have a program like this in Colorado is a tremendous resource that the association is thrilled to support.”

The Surplus Lines Association of Colorado is a nonprofit trade organization that promotes and supports sound principles and practices in the transaction of the business of surplus lines insurance underwriting in the State of Colorado. For more information, please visit www.colosla.org.

Founded in 1967, the nonprofit University of Colorado Foundation partners with the University of Colorado to raise, manage, and invest private support for theuniversity’s benefit. More than 200,000 donors to date have contributed to Creating Futures, a $1.5 billion fundraising campaign to enhance University of Colorado education, research, outreach, and health programs benefiting citizens throughout and beyond Colorado. Visit www.cufund.org for more information.