Who we are
- -Serve solely as an extension of and fiduciary to clients
- -Sound opinions with no third-party financial influence or conflict
- -Strong safeguards against bias, providing clients the advantage of sound decision making
Deep Domain Expertise:
- -Proven expertise across a spectrum of industry sectors, transaction and risk types
- -Decades of experience advising management teams
- -Highly skilled at unearthing and addressing complex issues that impact value
Unparalleled Market Access:
- -Demonstrated market makers
- -Trusted relationships with carriers, brokers, forensic claims adjusters and other insurance professionals globally
- -Strategic partnerships with legal, loss valuation and claims advisors, and financial restructuring experts
CRS has created a value system that defines how we operate and represent our clients. This shared value system informs all of our engagements, and how we navigate and access our partners for the benefit of our clients. We honor our commitments to our clients building trust, enhancing credibility and broadening opportunities. These values and commitments differentiate us in the following ways:
We focus the entirety of our resources into every client engagement; delivering a multiple ROI comprised of coverage enhancements, expense reduction and collateral mitigation, impacting the total cost of risk.
We provide clarity to our clients, neutralizing politics that cloud traditional insurance transactions. We create trust, accountability and open communication for informed decision-making.
We are open and realistic about options and results with our clients, regardless of the ultimate outcome. Our decades of experience reinforces the age old adage: “honesty is the best policy".
We adhere to principles of cooperation in our interactions with clients and partners. Our culture of collaborative leadership enables us to achieve optimal outcomes for our clients.
Joseph F. Coughlin
CEO & Founder
Joe has over 30 years of experience in the consulting, advisory, underwriting and brokerage segments of the insurance industry. Over that time he has originated thousands of engagements and provided services for many of the largest and most intricate transactions within the private equity and distressed debt markets.
Before forming CRS in March of 2002, Joe served as President of JFC Consulting, Inc., the first truly innovative risk advisor to the sponsored alternative capital space. From 1985 until its sale in 2000 he aggregated the largest centralized block of private equity insurance buying power in the industry.
During the past 30+ years he has been an active investor in a number of private equity and venture capital partnerships. He has also been an active individual investor and board member in a host of start-up companies. He has continually served on not-for-profit boards and currently sits on the board of Vault Insurance company and the Westchester-Putnam Council of the Boy Scouts of America. He was formally a member of the University of Hartford board of regents for nine years.
Joe graduated from the University of Hartford and is an Eagle Scout.
“Over the years I have had a blast meeting and helping some of the smartest people on the planet solve problems and explore opportunities. I can’t help but feel like Forrest Gump at times. The right place, the right time with the right people. Thank you to all for being along on the ride. It’s been a good one!”
Kimberly Patlis Walsh
President & Managing Director
Kimberly brings over 20 years of insurance underwriting, program structuring, and multinational client risk advisory representation to her CRS engagements. Prior to joining CRS in 2003, she served as SVP of AIG’s Mergers & Acquisitions Group, structuring insurance, financial and transactional risk solutions to a variety of publicly traded and privately held corporations. Within typical engagements at CRS, Kim focuses on providing sound insurance and operational risk management advice to global investment clients (and their respective portfolio company assets), as well as stand-alone commercial companies and financial institutions from start-ups to the Fortune 10. She also guides clients across the risk continuum as they navigate corporate transactions and M&A, recapitalizations, bankruptcies and other non-traditional risk finance situations.
She is a member of RIMS, PLUS and ACG. She holds a bachelor’s degree from the State University of New York at Albany.
James P. Fay
Jim has served large, global, complex risk management clients for more than 36 years and leads the Transaction Advisory Practice within CRS, which focuses on the operational, financial and contractual risk management elements that may impact the enterprise value of a deal. This would include the consideration of a wide variety of transactional risk solutions, such as Reps & Warranties, Tax Indemnity and Litigation Risk Transfer coverages, as well as mitigation strategies around corporate guarantees and collateral posted to sureties, insurers and governmental agencies. Jim also leads the Stewardship teams for clients with unique product liability exposures (football, hockey, baseball, cycling, skiing and motorcycles) and personally serves as the lead advisor to global clients in the power, utility, marine terminal, midstream, infrastructure, construction, transportation and manufacturing sectors.
Jim has developed a unique expertise in bankruptcies and restructuring projects, which began with our introduction into Chrysler and GM by outside counsel and President Obama’s Auto Task Force. After emergence, Jim continued to serve as risk management advisor to Motor Liquidation Company (old GM) during the wind down. Our other restructuring projects have included YRC, Eastman Kodak, General Maritime, Bally Total Fitness, MGM, Schutt Sports, Cooper Standard Automotive, Bavaria Yachts, Hard Rock Hotel & Casino, Muzak, Wind Hellas and other large global projects.
Prior to joining CRS upon formation in 2002, Jim served as the Regional Manager for a global broker’s Strategic Risk Management practice, with oversight and managerial responsibility for the risk management client relationships in 10 regional offices and personally serve as lead advisor for a number of US and UK clients, many of whom owned captive subsidiaries in Guernsey, Bermuda, Barbados and Grand Cayman. He graduated from Florida State University and is a long time member of the Risk and Insurance Management Society. Jim serves on a number of non-profit boards in the Atlanta area, is an avid tennis player, a Master Scuba Diver and happiest at the helm of a charter boat in the Caribbean.
Carolynn A. Burns
Carolynn has been with CRS since its inception and has more than 20 years insurance experience in the property and casualty insurance arena. She is involved in all aspects of the business from initial engagement, relationship management with our investment fund clients, coverage evaluation and analysis of the fund’s exposures and their portfolio company investments, with a concentration in the management, professional and executive lines. She has deep domain expertise in coverage analytics and understanding the unique nuances of policy wording and complex claim negotiations. She also oversees and manages portfolio company programs, focused on manuscript coverage enhancements and pricing leverage. In addition, she is actively involved in special project management such as insurance audits and cross portfolio strategies and solutions.
Prior to joining CRS, she held various positions within a retail brokerage firm where she specialized exclusively in Management Liability protection (D&O, General Partnership /Fund Coverage, E&O, Employment Practices and Fiduciary). Her experience spans alternative investment fund coverage, as well as corporate (both private and public companies), ranging from start-ups to the Fortune 50.
Carolynn is active within the private Equity, hedge fund and venture community and is a member of the Professional Liability Underwriting Society (PLUS). She is also involved with the Risk & Insurance Management Society (RIMS), High Water Woman, a not for profit organization dedicated to women in the financial services arena and the MFA.
She holds a Bachelor’s degree from St. Bonaventure University and a property & casualty insurance license.
Brian M. Warren
Chief Operating Officer
Brian joined CRS in July of 2014 and has nearly a decade of experience as a finance and operations professional. Throughout his career, Brian has led strategic initiatives focused on leveraging data and processes to drive efficiencies, effectuate organizational change and grow revenue across many business disciplines including: accounting, finance, operations, marketing, human resources and IT.
Prior to CRS, Brian served as Controller and Assistant Controller for a startup public REIT and as Accounting Associate for a boutique real estate investment and development firm.
Brian is a graduate of Indiana University’s Kelley School of Business, where he earned both an MBA and MS in Business Analytics, as well as the University of North Carolina at Chapel Hill where he earned his Bachelor’s.
Michael F. Gallagher
Senior Vice President & General Counsel
Michael is an attorney and advisor with broad, hands-on experience enhancing business outcomes for CRS’s clients. At CRS, Michael works on internal corporate matters, as well as client engagements, including analysis of clients’ risk exposures, insurance coverage, and advice on claims advocacy and enterprise risk issues. He also works extensively with CRS’s clients on Cyber insurance and risk mitigation initiatives.
Prior to joining CRS, Michael was a member of Katten Muchin Rosenman’s Insurance and Risk Management practice group in New York. Michael was a litigator representing clients across a range of fields, including financial services, banking and real estate, and provided strategic advice and claims management for major corporations, including insurance coverage analysis; enterprise risk analysis; and oversight of outside counsel. He also conducted internal investigations on behalf of clients and represented several clients in complex commercial arbitrations in matters arising in the Middle East, South America and Europe.
Michael holds a Juris Doctorate degree from Fordham University School of Law, and a Bachelor of Arts degree from Fordham University. He also serves on the Board of Directors of Elizabeth Seton Children’s Center, a pediatric medical and educational facility dedicated to the care of medically complex and technology-dependent children.
Nicole M. Katz
Senior Vice President
Nicole Katz has more than 20 years in the insurance industry specializing in large Property & Casualty programs in various industry sectors including manufacturing, retail, hospitality, financial institutions, and professional services firms. At CRS, she leads the overall Stewardship practice and is responsible for the development of strategies around the growth of that business and conversion opportunities post diligence. She also serves as an outsourced risk management advisor for a number of CRS’ large multi-national PE investment fund clients.
Prior to joining CRS, Nicole held various positions within large brokerage firms, and was most recently the Director of Risk Management for The New York Racing Association (NYRA), where she managed all aspects of operational and enterprise risk, as well as claims, safety, loss control and occupational health care services for three New York State horse racing tracks, Belmont, Aqueduct & Saratoga. Prior to her role at NYRA, she served as the Risk Manager for Praxair, Inc., the largest global industrial gas company in North & South America.
Nicole holds a Bachelor’s degree from Colgate University and a Master’s of Business Administration, with a focus in International Finance, from Boston College. She continues to remain active on a number of Not-for-Profit Boards of Directors in the New York and CT areas and is the Chair of the Insurance and Risk Management Advisory Committee for her town. Given her family’s love of golf, she recently became a committee member of the Diversity, Equality, and Inclusion Board of the First Tee of CT.
Senior Vice President
Thomas has more than 18 years of insurance experience in various roles of risk management consulting, brokerage and underwriting.
Prior to joining CRS in February 2008, Thomas served as Vice President of Marsh’s Private Equity and M&A Services, focusing on risk management due diligence analysis for private equity clients including structuring transactional solutions and the implementation of insurance programs. Previously, Thomas was a client executive with Frenkel, a New York brokerage firm, and a casualty underwriter with Allianz Insurance Company in California and Germany, handling for 8 years all aspects of large risk multinational companies.
Thomas holds a JD from Freiburg University School of Law, Germany, and a LLM / Master of Laws from Fordham University School of Law, New York. He is admitted to practice law in New York and Germany and he is fluent in English, German and French.
E. Daniel N. Carlryd
Joining CRS in 2012, Daniel is a part of CRS Due Diligence Team, with focus on transactional risk and liabilities within the M&A and Private Equity landscape.
A native of Gothenburg, Sweden, Daniel graduated from Manhattanville College with a Bachelor’s Degree in Finance & Political Science in 2012.
He has since earned the Chartered Property & Casualty Underwriter (CPCU), and Associate in Risk Management (ARM) designations.
Kristen joined CRS in November of 2014. She is a part of the executive/professional team, with a focus on day to day stewardship with CRS private equity fund clients as well as their portfolio companies. Kristen also supports on insurance audits and due diligence projects. She provides administrative and technical support to all CRS staff.
Kristen graduated from Montclair State University in May 2014 with a Bachelor’s Degree in Marketing.
Katelyn joined CRS in April of 2019, after more than 4 years with Aon’s Financial Services Group in their New York office where she specialized in the placing and negotiating the management liability suite of products predominantly within the financial institution sector. She is part of the executive/professional team, with a focus on day to day stewardship with CRS’s private equity fund clients and their portfolio companies. Katelyn also supports with insurance audits and due diligence projects.
Katelyn graduated from St. John’s University’s School of Risk Management and Actuarial Science in May 2014 with a Bachelor of Science Degree in Risk Management and Insurance. While at St. John’s Katelyn worked full-time at Munich Re assisting with the underwriting of large property risk.
Assistant Vice President
Giovanni joined CRS in August of 2018. As part of the Executive & Professional Team, he supports CRS’s due diligence, stewardship, and special project engagements with our private equity clients and their respective portfolio companies.
These engagements consist of a wide range of services which include overseeing the insurance renewal process, conducting broker RFPs, performing insurance audits, supporting our clients during a claim, and providing insurance and risk management due diligence for direct investments.
Giovanni graduated from SUNY New Paltz with a Bachelor’s Degree in Economics in 2017.
Kari Hunter, MBA
Assistant Vice President
Kari joined CRS as an Analyst in November 2019. She supports CRS’s due diligence, stewardship, and special project engagements with our clients and their respective portfolio companies.
Before joining CRS, Kari was at Orion Resource Partners, specializing in financial risk and due diligence within the private equity sector.
Kari graduated The City College of New York in 2018 with a Bachelor’s in Finance as well as a minor in Math. Kari earned her MBA at Baruch College in 2021.
Rae J. McVey
People Operations Manager
Rae joined CRS in August of 2019. She is responsible for daily office management and administrative operations. Prior to CRS, Rae provided administrative support for a real estate investment firm in New York City.
Rae earned her Bachelor’s Degree in Liberal Arts from the University of Arkansas with an emphasis on Psychology, Writing and Art.
Rae earned her SHRM-CP Certification in May 2021.
Stephanie joined CRS in January 2021 as a marketing associate for CRS’ sales team. She is responsible for tracking sales research, producing marketing deliverables and maintaining CRS’ client leads via Salesforce. Prior to joining CRS, Stephanie worked for Cushman & Wakefield providing administrative support for a high producing leasing brokerage team.
Stephanie earned her Bachelor’s degree in International Relations from the College of William and Mary.
Melissa joined CRS in March 2023 as an Associate, responsible for assisting in all scopes of work involving daily stewardship activities, due diligence projects, and special projects with CRS clients and their respective portfolio companies.
Prior to CRS, Melissa was an underwriting analyst for AIG where she mainly focused on large deductible casualty accounts. She graduated from Brandeis University in December 2020 with a BA in Economics with minors in Legal Studies and Political Science.
Rosie joined CRS as an Analyst in October 2022. She supports CRS’s due diligence, stewardship, and special project engagements with our clients and their respective portfolio companies.
She graduated from University of Hartford with her Bachelor of Science with a focus in Marketing and minors in Economics and Computer Science in 2021. Rosie acquired her MBA with a specialization or concentration in data analytics in 2022 from Central Connecticut State University.
John joined CRS as an Analyst in November 2022. He supports CRS’s due diligence, stewardship, and special project engagements with our clients and their respective portfolio companies.
He graduated from Fairfield University in 2021 with a BS in Finance with minors in Classical Studies and Philosophy. John earned his Master of Science in Finance Summa Cum Laude in 2022 from Fairfield’s Charles F. Dolan School of Business. Prior to joining CRS, he worked at Protiviti, a management consulting company, on a project analyzing client transactions for Popular Bank.
Jenna joined CRS as an Office Manager in February of 2022. Her responsibilities include overseeing daily office operations and administrative assistance. Prior to joining CRS, Jenna was an Office Manager for a neurology practice in New Jersey and New York City.
Jenna graduated from Ramapo College of New Jersey in January 2021 with a Bachelor of Science in Biology and a minor in Psychology.
Originated the first "portfolio Directors and Officers liability program" in the insurance industry.