Rick Bondurant, a seasoned professional in the insurance sector, is leading the way as the first director for the newly formed corporate risk management & insurance program, part of the BBA in finance program at the Jerry S. Rawls College of Business. This role prepares students for careers in the expanding field of risk management and insurance, which employs roughly 3 million people with approximately 50,000 job openings expected each year over the next decade.
Bondurant, a finance alum from the Rawls College, holds an MBA from the University of Texas at Arlington, and his professional designations include Certified Association Executive, Certified Risk Manager, Certified Insurance Counselor, and Management Liability Insurance Specialist. In addition to his director role, he joins the Rawls College faculty as an associate professor of practice and brings 45 years of extensive industry experience to the program.
After graduating from Texas Tech, Bondurant joined his third-generation family agency in Arlington, Texas. Upon selling his agency in 2001 to Frost Bank, he later moved to Austin where he served as director of agency management resources and then chief of staff for the Independent Insurance Agents of Texas. Prior to his new position at the Rawls College, he served as the Austin region market president and statewide property and casualty leader for Frost Insurance Agency until he retired March 31, 2025.
As risk management and insurance professionals help individuals and organizations avoid, mitigate, and recover from unexpected setbacks and contribute to long-term sustainability, the corporate risk management and insurance field is in rising demand because of increasing economic, technological, and environmental complexities. The program will help ensure Rawls College students are prepared to enter fields in various specializations and industries, including finance, insurance, healthcare, construction, IT, and energy, and provides opportunities to tailor their careers to their interests and strengths, whether in analytics, compliance, underwriting, or cybersecurity.