Expert Details
Insurance, Reinsurance, and Broking
ID: 732990
Massachusetts, USA
Expert was a commercial casualty underwriter and is a CPCU and re/insurance arbitrator certified by ARIAS (AIDA Reinsurance and Insurance Arbitration Society) and AAA. He managed the rate, rule and form filings units of two major insurers, drafted manuscript policies, and advised large risk underwriting units (loss-sensitive, high liability deductible, and excess insurance).
Expert 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 (U.S., UK, Japan) as well as an weather derivatives dealer (U.S., 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: 1977 to Present | Employer: Undisclosed | Title: General Counsel | Department: Legal |
Responsibilities:Expert serves as General Counsel to c-suite leaders of global insurers, reinsurers and brokers. He is a specialist in Insurance Linked Securities (ILS). |
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| Years | Employer | Title | Department |
| Years: 2010 to 2012 | Employer: Louisiana Workers Comp Co | Title: General Counsel | Department: Legal |
Responsibilities:Expert served as General Counsel and Secretary to mutual WC (workers' compensation) insurer. |
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| Years | Employer | Title | Department |
| Years: 2009 to 2009 | Employer: Global Indemnity, Ltd. | Title: General Counsel | Department: Legal |
Responsibilities:Expert was General Counsel and Secretary to a private-equity controlled, public insurer. |
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| Years | Employer | Title | Department |
| Years: 2007 to 2009 | Employer: Ariel Reinsurance Ltd. | Title: General Counsel | Department: Legal |
Responsibilities:Expert served as General Counsel and Secretary to private-equity controlled Bermuda / U.S. / UK re-insurer. |
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| Years | Employer | Title | Department |
| Years: 2002 to 2007 | Employer: XL Capital, Ltd. | Title: General Counsel | Department: Legal |
Responsibilities:Expert was General Counsel and Secretary to this Bermuda-based, public, international re-insurer. |
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| Years | Employer | Title | Department |
| Years: 2000 to 2002 | Employer: Benfield U.S. | Title: General Counsel | Department: Legal |
Responsibilities:Expert was General Counsel to this U.S. reinsurance intermediary. |
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| Years | Employer | Title | Department |
| Years: 1989 to 2000 | Employer: General Reinsurance Corp. | Title: General Counsel | Department: Legal |
Responsibilities:For over a decade, Expert served as General Counsel and Secretary to the world's third-largest (public) property-casualty and life/health reinsurer. |
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| Years | Employer | Title | Department |
| Years: 1987 to 1989 | Employer: General Accident Ins Co. | Title: General Counsel | Department: Legal |
Responsibilities:Expert was General Counsel to this group of six U.S. insurers. |
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| Years | Employer | Title | Department |
| Years: 1981 to 1987 | Employer: Reliance Ins Co. | Title: Asst General Counsel | Department: Legal |
Responsibilities:Expert was assistant General Counsel of this national property-casualty insurer -- and General Counsel of its life/health/annuity insurer. |
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| Years | Employer | Title | Department |
| Years: 2016 to 2017 | Employer: Wilton Re | Title: Consultant | Department: Legal |
Responsibilities:Expert managed consumer and regulatory complaints regarding blocks of life insurance in run-off. |
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International Experience
| Years | Country / Region | Summary |
|---|---|---|
| Years: 2014 to 2015 | Country / Region: UK | Summary: Expert advised the UK Branch of a U.S. insurer and its Lloyd's Syndicate. He formed and qualified a UK insurer being passported into the EEA. |
| Years: 2014 to 2015 | Country / Region: Bermuda, UK, U.S. | Summary: Expert advised this Lloyd's Syndicate and Bermuda-based reinsurer. |
| Years: 2014 to 2015 | Country / Region: Bermuda, UK, Swiss, U.S. | Summary: Expert advised a Bermuda-based international re/insurer. |
| Years: 2014 to 2015 | Country / Region: German, UK, Asia and U.S. | Summary: Expert advised the third-largest global reinsurer (acquired Cologne Re). |
Career Accomplishments
| Associations / Societies |
|---|
| Chartered Property One Casualty Underwriter - 1981 (American Institutes for Property and 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). |