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For participating school districts and municipalities, the success of NYMIR and NYSIR has also resulted in some return on their invested capital.
NYSIR's executive director, Joe Goncalves, CPCU,, commented that, "the New York Schools Insurance Reciprocal is proud to have worked with the professionals at Wright Risk Management since our formation 20 years ago.
Bob Lulley, who heads our NYSIR management team, and Brian Custer who heads our NYMIR management team, have done a great job of not only working with the regulators but also of coordinating the efforts of producers, reinsurers, actuaries, auditors, defense counsel and investigators.
Today NYSIR and NYMIR are two of the most successful public sector owned insurance companies in the nation.
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- Nysmyth's membrane