four people standing together
From left, Vance Roley, Shidler College of Business dean; Jeff Shonka, First Insurance Company of Hawaii president and CEO; Steve Tabussi, First Insurance Company of Hawaii senior vice president and Unyong Nakata, Shidler College of Business executive director of development.

The University of Hawaiʻi at Mānoa Shidler College of Business received a $500,000 donation to fund a second faculty endowment from First Insurance Company of Hawaii (FICOH), the oldest and largest insurance company headquartered in Hawaiʻi. The First Insurance Company of Hawaii Distinguished Professorship in Insurance will be matched dollar-for-dollar by the college for a total endowment value of $1 million. This is FICOH’s second distinguished professorship at the college.

“We are extremely grateful for First Insurance Company’s generosity and commitment to our students, college and community,” said Vance Roley, dean of the Shidler College of Business. “The FICOH Distinguished Professorship in Insurance will have lasting impact in the quality of our teaching, research, and community engagement at the college. Offering a professorship will also help us attract and retain internationally renowned candidates who have expertise and leadership in this area.”

“The fast pace of change and specialized nature of the insurance field calls for professionals who are curious, creative and analytical,” says Jeff Shonka, president and CEO of FICOH. “Shidler students possess these qualities. We want to keep our industry moving forward with their ideas and innovation. A second professorship helps us to accomplish this by providing more students with opportunities to learn about risk management and its role in our society.”

This professorship is one in a series of gifts that FICOH has made in its long history of support and involvement at the college. In 2007, the company established their first $1 million faculty endowment named the First Insurance Company Distinguished Professorship in Risk Management.

Read the full news release for more.

—By Dolly Omiya