Beachwood, Ohio; June 3, 2015 – Todd Associates, Inc. announced today that Account Executive David Souders has been elected by fellow association members to serve a three-year term on the board of directors of the Association to Invest In the USA (IIUSA).
With more than 180 members, IIUSA is the leading EB-5 Regional Center trade association in the country. Formed in 2005, the association is the national membership-based 501(c)(6) not-for-profit industry trade association for the EB-5 Regional Center Program. IIUSA advocates for policies that will maximize economic benefit to the U.S. from the Program.
“IIUSA is thrilled to welcome Dave Souders to its Board of Directors after being elected at our annual membership meeting,” said IIUSA Executive Director Peter D. Joseph. “Dave brings with him years of experience in providing essential insurance services to niche capital markets, including EB-5, that will serve IIUSA, its members, and the EB-5 Regional Center industry well.”
An insurance broker with Todd Associates since 2005, Souders specializes in the design of professional and management liability insurance for members of the EB-5 community. In 2010, Souders and his team were introduced to the world of EB-5 and quickly found that many in the industry carried insurance products which were improperly underwritten and/or structured.
After educating his underwriters on what makes one regional center’s risk profile more or less risky than another, Souders secured terms for more than 20 regional center operators, including some of the largest and most respected in the business. In 2011, Souders joined IIUSA and a year later was invited to serve as a member of the Best Practices Committee on which he still serves. As a part of the Best Practices Committee, Souders is involved in various initiatives, including the IIUSA Code of Ethics and its enforcement process.
Souders is a vocal advocate for initiatives that promote transparency in all aspects of the EB-5 transaction. He is committed to strengthening IIUSA’s position through membership growth and industry leadership so that IIUSA’s role within circles of governance and regulation can better serve its members. A graduate of John Carroll University’s Boler School of Business, Souders is an avid writer of risk management whitepapers, client advisories and webinar presentations. He frequently speaks at conferences and seminars throughout the country.
Headquartered in Beachwood, Ohio, with an office in Port St. Lucie, Florida, Todd Associates provides comprehensive, custom-designed insurance and risk management solutions.