Richard D. Farnsworth
Since 1999, Richard “Dick” Farnsworth has been self-employed as a consultant and expert witness to various surety companies on the customs and practices of surety underwriting.
Prior to starting his consulting work, Dick served as Senior Vice President of Fireman’s Fund Insurance Company’s Surety Division, responsible for the company’s nationwide surety underwriting and marketing activities with annual revenues of $100 million. He managed a staff of 150.
Before being appointed Senior Vice President in 1992, Dick had been responsible for a variety of other management positions in the surety operations of Fireman’s Fund — from 1965 to 1973 and from 1986 to 1992. Between 1973 and 1986, Dick worked for Wausau Insurance companies. Wausau appointed him Vice President in 1982 with responsibility for its Surety Underwriting and Claims operations.
Dick’s 35-year surety career included experience in underwriting, marketing, financial and administrative duties. This included developing an international surety facility and broad experience in all aspects of managing a major nationwide surety operation including authoring underwriting guidelines, development of training programs for underwriters, delegating underwriting authorities, final underwriting decisions on major accounts, developing annual business plans, managing producer relationships, and negotiating reinsurance treaties.