Expert Details

Expert in Insurance and Reinsurance

Expert ID: 732990 Connecticut, USA

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Expert has been a hands-on in-house re/insurance lawyer for 39 years, over 25 at the C-Suite and General Counsel level for US and international re/insurers. He has managed the formation, purchase & sale and the licensing and capitalization of public, private & mutual re/insurers and MGA/MGUs. He was a commercial casualty underwriter and is a CPCU and re/insurance arbitrator certified by ARIAS and AAA. He managed the rate, rule & form filings units of two major insurers, drafted manuscript policies, and advised large risk underwriting units (loss-sensitive, high liability deductible, and excess insurance). He is a financial condition and holding company structuring and transaction specialist. He co-managed a Workers' Compensation Underwriting Department and managed a run-off Claims Department.

Expert formed, qualified, tax-planned and advised the trading desk of an interest rate and foreign exchange derivatives dealer (US, UK, Japan) as well as an weather derivatives dealer (US, Bermuda).

Insurance Law and Regulatory Expert on Financial Condition of re/insurers and the best Holding Company structure and affiliate party transactions in aid of financial condition.

Recent assignments:

Bank of America - retrocession dispute on credit reinsurance - report only.
V3 - Program Administrator litigation and liability of the MGU for losses allegedly arising from breach of underwriting guidelines - report and deposition.
Berkley Re - facultative certificate coverage dispute with the liquidator of two Nevada contractor insurers - report and deposition.
Class action litigation against life insurer and its run-off administrator by life agents not receiving commission on suspended policies - consulting.

Education

Year Degree Subject Institution
Year: 1976 Degree: Juris Doctor Subject: Law Institution: Suffolk University Law School, Boston MA
Year: 1972 Degree: Bachelor of Arts Subject: Economics Institution: Boston College
Year: 1981 Degree: Chartered Property & Casualty Underwriter Subject: Insurance Institution: American Institutes

Work History

Years Employer Title Department
Years: 2014 to 2015 Employer: Title: Interim General Counsel Department: Legal
Responsibilities:
Interim General Counsel & Secretary to an international, public re/insurer.
Years Employer Title Department
Years: 2013 to 2013 Employer: Title: Interim General Counsel Department: Legal
Responsibilities:
Interim General Counsel to a privately held international re/insurer.
Years Employer Title Department
Years: 2010 to 2012 Employer: Louisiana Workers Comp Co Title: General Counsel Department: Legal
Responsibilities:
General Counsel & Secretary to mutual WC insurer.
Years Employer Title Department
Years: 2009 to 2009 Employer: Global Indemnity, Ltd. Title: General Counsel Department: Legal
Responsibilities:
General Counsel & Secretary to private-equity controlled, public insurer.
Years Employer Title Department
Years: 2007 to 2009 Employer: Ariel Reinsurance Ltd. Title: General Counsel Department: Legal
Responsibilities:
General Counsel & Secretary to private-equity controlled Bermuda/US/UK re/insurer.
Years Employer Title Department
Years: 2002 to 2007 Employer: XL Capital, Ltd. Title: General Counsel Department: Legal
Responsibilities:
General Counsel & Secretary to Bermuda-based, public, international re/insurer.
Years Employer Title Department
Years: 2000 to 2002 Employer: Benfield-US Title: General Counsel Department: Legal
Responsibilities:
General Counsel to US reinsurance intermediary.
Years Employer Title Department
Years: 1989 to 2000 Employer: General Reinsurance Corp. Title: General Counsel Department: Legal
Responsibilities:
General Counsel & Secretary to world's third largest (public) property-casualty and life/health reinsurer.
Years Employer Title Department
Years: 1987 to 1989 Employer: General Accident Ins Co. Title: General Counsel Department: Legal
Responsibilities:
General Counsel to group of six US insurers.
Years Employer Title Department
Years: 1981 to 1987 Employer: Reliance Ins Co. Title: Asst General Counsel Department: Legal
Responsibilities:
Asst General Counsel of national property-casualty insurer and General Counsel of its life/health/annuity insurer.
Years Employer Title Department
Years: 2016 to 2017 Employer: Wilton Re Title: Consultant Department: Legal
Responsibilities:
Managed consumer and regulatory complaints regarding blocks of life insurance in run-off.

International Experience

Years Country / Region Summary
Years: 2014 to 2015 Country / Region: UK Summary: Advised UK Branch of US insurer and its Lloyd's Syndicate and formed & qualified a UK insurer being passported into the EEA.
Years: 2014 to 2015 Country / Region: Bermuda, UK, US Summary: Advised Lloyd's Syndicate and Bermuda-based reinsurer.
Years: 2014 to 2015 Country / Region: Bermuda, UK, Swiss, US Summary: Advised Bermuda-based international re/insurer.
Years: 2014 to 2015 Country / Region: German, UK, Asia and US Summary: Advised third largest global reinsurer (acquired Cologne Re)

Career Accomplishments

Associations / Societies
Chartered Property & Casualty Underwriter - 1981 (American Institutes for Property & Liability Underwriters).
Associate in Risk Management - 1979 (Insurance Institute of America).
Licenses / Certifications
Massachusetts Bar - 1977.
Connecticut Bar - 1993.
Louisiana Bar - 2011-2012.
Re/Insurance Arbitrator - Certified by ARIAS (reinsurance - 2010) and American Arbitration Association (reinsurance umpire - 2015).
Securities Arbitrator - Certified by FINRA - 2011.

Additional Experience

Expert Witness Experience
Facultative certificate coverage and how a rehabilitator's coverage claim was actually an uncovered error & omission claim against the ceding insurer.
Duties and liabilities of a program administrator to the insurer.
Effect of Utmost Good Faith on a dispute between two bank-owned credit reinsurers.
Presentation on Reserving Issues Associated with Yearly Renewable Term Life Reinsurance.
Deposition by IRS of Prior Employer's Management of US Taxation of Offshore Reinsurers.
Presentation to Securities & Exchange Commission (SEC) and Department of Justice (DOJ) Regarding Municipal-Guaranteed Investment Contracts & Associated Sales Efforts.
Presentation to SEC/DOJ on Offshore & Finite Reinsurance.
Presentation to NY Attorney General Regarding Contingent Commission Contracts (aka AG Spitzer's investigation of bid-rigging and antitrust violations by major insurance brokers).

Fields of Expertise

facultative reinsurance, insurance brokering, insurance arbitration, insurance law, derivative (finance), insurance contract, auto insurance

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