Expert Details
Expert in Insurance and Reinsurance
Expert ID: 732990
Connecticut, USA
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 |
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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 |
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Years: 2014 to 2015 | Employer: | Title: Interim General Counsel | Department: Legal |
Responsibilities:Interim General Counsel & Secretary to an international, public re/insurer. |
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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. |
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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. |
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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. |
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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. |
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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. |
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Years | Employer | Title | Department |
Years: 2000 to 2002 | Employer: Benfield-US | Title: General Counsel | Department: Legal |
Responsibilities:General Counsel to US reinsurance intermediary. |
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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. |
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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. |
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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. |
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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 |
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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 |
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Chartered Property & Casualty Underwriter - 1981 (American Institutes for Property & Liability Underwriters). Associate in Risk Management - 1979 (Insurance Institute of America). |
Licenses / Certifications |
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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 |
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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). |