Press Releases

Island Insurance Appoints Michael A. Onofrietti as Senior Vice President, Actuarial Services, Product Development and Management

Island Insurance, Hawaii’s largest locally owned property & casualty insurance carrier, has appointed Michael A. Onofrietti, Senior Vice President, Actuarial Services, Product Development and Management.

Onofrietti, who previously held the title of Vice President, will continue to be responsible for developing techniques for pricing insurance products, loss reserving, data analysis as well as the development, management and implementation of new products.

Onofrietti has more than 30 years of experience in the property & casualty insurance industry. Prior to joining Island Insurance, he was Vice President of AIG Hawaii Insurance Company.

Onofrietti holds a Bachelor’s of Arts degree in Mathematics from Rutgers University in New Brunswick, New Jersey. His professional designations include: Chartered Property Casualty Underwriter (CPCU), Member of the American Academy of Actuaries (MAAA) and Associate of the Casualty Actuarial Society (ACAS).

A graduate of the Pacific Century Fellows program, Onofrietti currently serves as board president of the Hawaii Insurers Council and is also a board member of the Hawaii Youth Symphony, where he was past president. He previously served on the boards of the Hawaii Insurance Bureau, Hawaii Alliance of Non-Profit Organizations, Kailua Little League and participated in the Hawaii Mentoring Initiative.

Island Insurance Company, Ltd. is Hawaii’s largest locally-owned insurance carrier, offering a full range of property and casualty protection. Founded in downtown Honolulu, Island Insurance has been serving Hawaii’s families and businesses for 75 years and is the only Hawaii-Based company to be recognized as a Top 50 property & casualty insurer in the nation by the Ward Group for seven consecutive years. Island Insurance holds a financial strength rating of “A” (Excellent) from A.M. Best Company. For more information, visit islandinsurance.com.

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