Bruce J. Molnar
Mr. Molnar is the Chief Executive Officer and founder of POPIC and Alta Holdings, LLC. He is a certified public accountant with over 30 years of experience. He has been instrumental in the formation and management of over 200 captive insurance companies. Mr. Molnar has developed risk shifting and risk distribution pools for middle market companies that have been approved for individual participants in the form of private letter rulings. He has also structured some of the largest reinsurance transactions and Loss Portfolio Transfers for his clients.
Mr. Molnar began his career with KPMG in Los Angeles prior to joining E&Y and E&Y Kenneth Leventhal and Company where he specialized in Real Estate consulting and taxation. He relocated to Orange Country where he served as director of Management Advisory Services for one of the largest regional accounting firms eventually spinning off and founding his own firm. Bruce has authored and co-authored numerous articles and is a frequent lecturer.
Bruce graduated from The University of Southern California with a B.S. in Business and Accounting. He is a member of the California Society of Certified Public Accountants.
Mr. Molnar is the President Property Owners Protection Insurance Company, LLC (POPIC). Mr. Molnar has been in the alternative risk management space since 2013. Since 2013, he has specialized in the formation and management of captive insurance companies for privately held middle market companies with a heavy emphasis on real estate. Since entering the alternative risk management space, Mr. Molnar has been involved in the structuring, formation, and management of over 50 captive insurance companies.
In 2015, Mr. Molnar, alongside Bruce Molnar and Donald Rousso founded POPIC. Mr. Molnar has been responsible for transforming POPIC from one client with 6,500 units to over 300,000 units/beds/homes across the country.
Mr. Molnar is an expert in the structuring and implementation of resident insurance programs for multifamily, student housing, and single family owners and management companies. He has successfully rolled out programs for over 300,000 units/beds/homes across the country. He is intimately familiar with the trends, options, and shortcomings of the traditional resident insurance arrangement. The proprietary resident liability insurance program offered by the POPIC team has been able to transform the required insurance industry and has obliterated the model set forth by the competition.
Prior to entering the alternative risk management space, Mr. Molnar spent 5 years playing professional lacrosse for the Denver Outlaws of Major League Lacrosse.
Donald B. Rousso
Executive Vice President
Mr. Rousso is the Executive Vice President and General Counsel of POPIC and Pegasus Captive Management LLC. Mr. Rousso has over 25 years of experience in the legal and accounting fields specializing in sophisticated insurance, business and commercial transactions, including executive management positions with a property and casualty insurance company and life insurance companies. Mr. Rousso has extensive experience in sophisticated business and commercial law, including business transactions, complex business and civil litigation, insolvency, and bankruptcy structures.
Mr. Rousso served as Executive Vice President and General Counsel for a property and casualty insurance company, life insurance companies, and related investment and holding companies where he was responsible for transactional, planning and operations, including administration, tax planning, financial statement preparation, and audit functions. Mr. Rousso has served as Vice President in the public finance division of a boutique investment banking firm, where he was second in command of crisis management and turnaround consulting.
Executive Vice President
Mr. Wall is the Executive Vice President of Property Owners Protection Insurance Company, LLC (POPIC). Mr. Wall brings experience in captive management and administration, renters insurance programs, utility compliance/billing/mgmt., vendor risk/insurance management, operations expense management and bulk cable and internet projects. Mr. Wall has a unique perspective as he has spent time in roles with owners of real estate and vendors to the real estate industry.
Mr. Wall entered the real estate space when he joined a large REIT serving as Director of Ancillary Programs. During his time as Director, he oversaw the portfolio’s resident liability insurance captive, vendor compliance team and utility compliance/mgmt. team. Most recently, Mr. Wall spent time with the real estate industry’s largest SAAS provider specializing in Utility Compliance and Operational Expense Management.
Prior to entering the real estate and alternative risk spaces, Mr. Wall spent time in the athletics as Assistant Pro at Oakridge Country Club as well as Assistant Director of Marketing for the athletic department of Utah Valley University.