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BRUCE C. SHULAN
Managing Director

Bruce Shulan's career includes numerous business and legal achievements as a turnaround architect, operating executive, entrepreneurial problem solver, lead negotiator, and general counsel.

The scope of his engagements have included research and due diligence within target markets; concept validation with investment bankers, lawyers, rating agencies and senior executives; development of plans and the underlying financial assumptions; budgeting; and the identification of senior management teams

Mr. Shulan began working with Talegen (f/k/a Crum & Forster) in November 1992 on matters associated with its restructuring and was elected Senior Vice President and General Counsel of International Insurance Company (The Resolution Group) as well as a member of its Board of Directors in the fall of 1993. International specialized in workouts and discontinued operations and was charged with handling the extraordinary problems associated with assets in excess of $3 billion. When Mr. Shulan left in late 1996, receivables had been reduced by more than $1 billion and surplus had increased by $150 million.

From November of 1987 until October of 1992, Mr. Shulan held various positions with The Signature Group, including Senior Vice President Commercial Lines, member of the Board of Directors of Signature Financial/Marketing, Inc. and subsidiary companies, and Senior Vice President and General Counsel. While at Signature, Mr. Shulan assumed responsibility for the turnaround and wind down of a division of the group as well as being responsible for a legal department consisting of more than 35 individuals.

Mr. Shulan has also held positions as both a partner and an associate in law firms as well as having served as a Vice President of American Centennial Insurance Company during the initial period of its turnaround in the mid 1980s.

Mr. Shulan received his Bachelor of Arts degree, Cum Laude, in Psychology from The University of Vermont in 1979 and his Juris Doctor from the Boston University School of Law in 1982. He is licensed to practice in Connecticut, New York, New Jersey, and Illinois.

He is also a Managing Partner at The Princeton Partnership, a sister company involved in strategic consulting and turnaround management to the Insurance and other industries.