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Description
Over 44 years of experience in life (re)insurance practice. Created and ran reinsurance acquisition division for Fortune 300 company. Managing Director working on life insurance securitizations for a major investment bank. Company roles have included senior officer in charge of reinsurance pricing, and/or valuation. Actively lobbied insurance regulators on life reinsurance issues and was chief life reinsurance industry company lobbyist when chair of the American Council of Life Insurers' Reinsurance Committee from 1999-2000. Chair of Reinsurance Section of the Society of Actuaries and chair of a reinsurance committee at the Academy of Actuaries. Chair of task forces that wrote an actuarial standard on life, annuity and health reinsurance financial reporting and a second that wrote a practice note on credit for reinsurance. Author of the reinsurance chapter in the Society of Actuaries textbook “International Financial Reporting for Insurersâ€Â. Experience includes over a dozen cases involving both bench trials and arbitrations. Cases have included: • Yearly renewable term premium rate increase • Reinsurance recapture rights • Cost of insurance premium rate increase • Tax status of life reinsurance agreement • Reinsurance manager underwriting authority • Protection afforded by a reinsurance agreement
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