Raymond J. Alletto, ARM, CRIS has engaged in the practice of risk management for thirty five years, most recently serving as Vice President, Risk Management for United Rentals, Inc. since 2005. In that capacity, he was an officer of a publicly traded equipment rental company, with responsibility for claims and litigation management; property and casualty insurance; risk finance; corporate security; records management; environmental, health and safety (EHS); and, early on, led the Employee Benefits team. This key role included service on the company’s Retirement Committee, ERM Committee and as a standing member of the company’s Employee Issues Resolution Panel.
Mr. Alletto’s career has spanned the manufacturing, telecommunications, and pharmaceutical industries, for small and large, public and privately held companies, all with worldwide exposures. He has consulted with various companies, focusing on claims and litigation management, alternative risk financing and risk management information systems.
Mr. Alletto began his risk management career in 1982 as product litigation manager for the Bridgeport Machines Division of Textron, in Bridgeport, Connecticut. In 1987, he joined Hubbell Incorporated, and for the next twelve years maintained worldwide responsibility for property and casualty risk exposures, risk financing and insurance, insured litigation and claims, and employee benefits administration.
In 1998, Mr. Alletto joined GTE Corporation in Stamford in conjunction with their relocation to Dallas, Texas. In addition to risk management duties, he led the cross functional merger integration team, to unify the risk management departments of GTE and Bell Atlantic, which became Verizon. For two years after the merger, he developed and managed a standalone risk management function for GTE’s internet subsidiary, Genuity, in Woburn, Massachusetts. In 2002, Mr. Alletto returned to Connecticut to join Purdue Pharma, LP in Stamford, Connecticut as Director of Risk Management.
He holds the Construction Risk Insurance Specialist designation (CRIS), governed by the International Risk Management Institute; the Associate in Risk Management (ARM) designation governed by the Insurance Institute of America; he was previously both a Certified Insurance Consultant and property/casualty producer licensed by the Connecticut Department of Insurance. For a brief time, Mr. Alletto taught continuing education courses leading to the ARM designation for the University of Connecticut. Mr. Alletto has been an active member of RIMS over the years, serving on numerous committees at the national level. He was a member and chairman of the Manufacturers’ Alliance Risk Management Council for more than 20 years, and served on various industry advisory boards and the editorial board of Risk Management Magazine. He is an active member of the Client Advisory Board and frequent speaker at seminars for the American Law Firm Association, ALFA International. In 2009, Mr. Alletto was named to the Risk Management Honor Roll by Business Insurance magazine.