Topic description: Steve Foster will moderate a conversation between Mike and Ty. They will discuss advice to avoid bad jobs.

Learning objectives: 

• Advice to avoid bad jobs
• Evaluate risk mitigation strategies
• Critical thinking for risk analysis

CONTINUING EDUCATION INFORMATION

CPE Credit: 1 hour
Prerequisite: None
Course Level: Basic
Advanced Preparation: None

Panelists:

Mike Heidrick, HO Construction

Meet Mike Heidrick, a seasoned professional whose dynamic career journey has seen him ascend through various key roles within The Hartford, a leading company in the insurance and financial services sector. As the Vice President for Construction Surety, Mike plays a pivotal role in shaping the success of the organization.

From his early days as a bond trainee, Mike's career trajectory has been marked by continuous growth and a deepening involvement in diverse aspects of the business. He has not only traversed the realms of underwriting, sales, and service but has also taken on responsibilities ranging from regional management to field operations and executive leadership.

Mike's journey underscores The Hartford's commitment to the development of its people. At the core of the company's strategy lies a profound emphasis on training and development, creating an environment where employees can thrive and continually enhance their skills. As a technical company, The Hartford places a premium on underwriting judgment and industry knowledge, recognizing them as ongoing developmental needs crucial to staying at the forefront of the industry.

One of the defining aspects of Mike's career is the supportive and collaborative ethos fostered within The Hartford. The company's apprenticeship and formal training opportunities have been instrumental in Mike's professional growth. Additionally, the strong partnerships with agent business professionals have played a significant role in shaping Mike's career trajectory. The collaboration with the best agency professionals has enabled The Hartford to provide top-notch service to some of the best construction companies globally.

In his current role as VP for Construction Surety, Mike Heidrick continues to make a meaningful impact on all facets of the business. The Hartford's flat and nimble operation, combined with a true sense of alignment among team members, reflects a workplace culture where collaboration and excellence thrive. With a focus on people development and a commitment to delivering unparalleled service, Mike exemplifies the leadership that propels both his career and The Hartford to new heights.

LinkedIn Profile

Ty Taylor, Austin Commercial

Ty Taylor is the Vice President of Risk Management at Austin Commercial headquartered in Dallas, Texas, a large and diversified general contractors operating in the United States. Since beginning this role in 2016, Ty oversees all insurance-related matters for Austin Commercial, including Austin’s Controlled Insurance Program and Sub-Default Program. In addition to insurance oversight, Ty is directly responsible for all risk reviews, proposal reviews, and prime contract negotiations. 

Ty began his career with Austin in 2000 after graduating from Oklahoma State University with a degree in Accounting. Ty has held various accounting positions within Austin, served as the Director of Internal Audit for Austin Industries and its operating companies, as well as the Director of Risk Management for Austin Bridge & Road.

Steve Foster, Marsh

Steve Foster is a Senior Vice President of the South Central Zone Surety Practice in Dallas, Texas.  During his career, Steve has handled accounts with bond programs ranging from as small as $5 Million to in excess of $10 Billion.  During his tenure, Steve has dealt with many complex issues for his clients such as: Sovereign Immunity, Joint Ventures, Public Private Partnerships, Private Equity Mergers and Acquisitions and Bankruptcies.  Steve handles both Commercial Surety and Contract Surety accounts with an emphasis on the construction industry.

Prior to joining Marsh in 2021, Steve held a similar position with Willis Towers Watson for sixteen years and Travelers Surety for six years as a Senior Underwriter in their Construction Bond Department.  He also spent two years as a property claims adjuster for Allstate Insurance Company. 

Steve graduated from The University of Nebraska at Lincoln with a degree in Business Administration – Finance in 1994.  He is an active member of The Associated General Contractors of America, TEXO, the Associated Builders and Contractors, the Houston Contractors Association, Construction Financial Management Association (2009 - 2011 and 2019 – Present, Board of Directors for the DFW Chapter) and The Surety Association of America.