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Financial risk management and lender-placed insurance services firm OSC named veteran banking and insurance executive John Dangoia as executive vice president and chief operating officer.
Tracey Carragher, CEO of OSC parent company Breckenridge Insurance Group, said Dangoia “will position OSC for aggressive growth this year with the expansion of our lender protection product lines and our initiatives in the technology, compliance and financial risk management markets.”
Dangoia said “With Dodd Frank now in place, OSC’s insurance products and risk management services backed by our proprietary tracking technology meet the growing and complex needs of our customers.”
Dangoia will guide the company’s senior management team working with OSC founder and CEO Larry Overby.
Dangoia comes to OSC from CUNA Mutual Group where he held positions as lender product executive and chief credit officer for commercial and consumer insurance products.
Before joining CUNA Mutual Group, Dangoia spent more than 20 years with Wells Fargo & Company where he held a variety of progressively senior management roles. At CUNA Mutual Group he was part of the leadership team that successfully transformed the company’s lending-related insurance products for credit unions throughout the United States.
“With his experience John understands the needs of our customer, both large and small,” Carragher said. “Our customers face more and more complex regulatory challenges and lending risks, especially as the housing market continues to strengthen,” she added.
In 2012 OSC announced it was one of the first financial risk management and collateral protection firms to complete the SSAE16 SOC1 audit, the successor to SAS 70 standard. The audit documents that the OSC systems and processes meet the industry’s highest standards.
Dangoia said, “OSC has completed a series of initiatives that places the company in the forefront of compliance and technology leadership in the insurance and lending markets.”
OSC, a specialist in insurance and risk management services and products for lenders offers a comprehensive range of portfolio protection and financial risk management services to both large and small institutions. OSC, with its parent company Breckenridge Insurance Group, augments its traditional collateral protection insurance coverage options with additional lending, insurance and risk management products.