Daniel Spragg
Managing Director
Quick facts
25+ years of insurance industry experience
Board member and C-level experience with national insurance and reinsurance companies
Risk Manager for Lehman Brothers Holding and leading private equity firms
Attorney with expertise in commercial, D&O, and transactional coverage
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We ensure our clients get optimal value for their insurance and risk management investments and that they have market leading protection for their assets and income.
Daniel Spragg is a Managing Director with Alvarez & Marsal and co-founder of A&M Insurance and Risk Advisory Services. With more than 25 years of technical and management experience in the commercial insurance industry, he assists clients in maximizing the value of their risk transfer investments and providing independent risk management, insurance market and coverage analyses.

Mr. Spragg brings significant technical and market experience in directors and officers' liability, workers’ compensation, property and casualty coverages and risk management solutions for commercial exposures. Utilizing his underwriting expertise and legal knowledge, he has helped international corporations and leading private equity firms implement best practices in insurance program design, coverage terms and conditions and insurance vendor selection and management. 

Mr. Spragg has extensive experience across a variety of industries including retail, food service, heavy industrial, manufacturing, energy and healthcare. He has provided expert witness services for leading law firms, operational support for state insurance regulators and interim leadership for corporate and restructuring clients including assuming leadership of Lehman Brothers Holdings’ portfolio risk management in 2008.  

Prior to joining A&M, Mr. Spragg was Senior Vice President and Chief Underwriting Officer (CUO) with United National Group, a national specialty property and casualty insurance carrier. As CUO for UNG, and previously for Fireman's Fund Specialty Insurance, Mr. Spragg led all underwriting operations and was responsible for all pricing, coverage design and broker compensation on more than $1.5 billion in written premiums. 

Mr. Spragg earned a bachelor's degree in economics and business from Drury University. He earned a J.D. from the Chicago-Kent College of Law and is admitted to the Illinois Bar. In addition, Mr. Spragg holds several professional designations, including Chartered Property Casualty Underwriter (CPCU), Associate in Reinsurance (ARe) and Associate in Insurance Accounting and Finance (AIAF). He is active in the Tort and Insurance Practice section of the American Bar Association, serving as Chair of the Self Insurance and Risk Management committee.