The Princeton Partnership
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Bruce C. Shulan

William R. Bonnell

Brian Nolan

William R. Jacobi

James J. Certa

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Bruce C. Shulan, Managing Partner

Bruce C. Shulan has served as a senior executive, board member, consultant and attorney for more than 23 years and has a perspective as buyer and seller of both companies and services. His accomplishments are based on a strong set of analytical, technical, and strategic skills developed through years of high exposure issue resolution and turnaround management.

Adept at executing strategic business plans and financial profiling, he also has deep experience in due diligence, concept validation, budgeting, and building senior management teams.

Recent Achievements – Bruce has recently served as CEO of a reinsurance company and an insurance company, both in runoff. He created and is now executing the runoff plan while working with regulators to ensure the most economically effective wind down.

He led the development and implementation of a turnaround strategy for a corporate group seeking to improve profitability by reallocation of capital to core businesses through the dispensation of nonstrategic operations. He developed the business plan and economic model for a start-up enterprise focused on acquisition and management of discontinued businesses within the insurance industry.

Career Highlights – Bruce has nearly 25 years experience dealing with runoff and corporate crisis management.

Prior to cofounding The Princeton Partnership, Bruce served as a consultant and lawyer engaged with developing and implementing solutions for companies with high exposure issues.

Previously, Bruce was Senior Vice President and General Counsel of International Insurance Company (The Resolution Group), which specialized in workouts and discontinued operations, and a member of its Board of Directors. He was charged with handling the extraordinary problems associated with assets in excess of $3B. By the time he left in late 1996, receivables were reduced by more than $1B and surplus had increased by $150M.

In 1992, Bruce began working with Talegen (f/k/a Crum & Forster) with regard to its restructuring. While at Talegen, Bruce’s responsibilities were diverse and successes included:

  • structuring of a transaction that provided more than $1B of balance sheet strengthening
  • the resolution of more than $1.0B of extraordinary litigation
  • zero cost negotiated dissolution of a temporary restraining order blocking a transaction valued at more than $2B

Earlier, Bruce held positions with The Signature Group, including Senior Vice President - Commercial Lines, which included responsibility for the turnaround and wind down of a division of the group; served as member of the Board of Directors of Signature Financial/Marketing, Inc. and subsidiary companies; and was Senior Vice President and General Counsel.

Bruce has also held positions as partner and associate in law firms, and served as a vice president of American Centennial Insurance Company during the initial period of its turnaround in the mid 1980’s.

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

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