Peter Clare

Peter Clare Email and Phone Number

SVP Financial Valuation at Corebridge Financial (formerly AIG Life and Retirement) @ Corebridge Financial
Peter Clare's Location
Katy, Texas, United States, United States
Peter Clare's Contact Details

Peter Clare personal email

n/a

Peter Clare phone numbers

About Peter Clare

Experienced professional with wide range of proven strengths while holding positions in actuarial valuation, operations, reinsurance, capital management and risk in a wide variety of businesses including reinsurance, LTC, life insurance, and annuity. Currently leading a team of over fifty people across multiple US and Indian states responsible for Life, Group Benefits, Reinsurance, and Accident and Health Valuation. A strong communicator with excellent leadership and management skills. Strategic thinker with business savvy and a solid background in execution.Specialties: Valuation, strategic transactions, capital management, risk

Peter Clare's Current Company Details
Corebridge Financial

Corebridge Financial

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SVP Financial Valuation at Corebridge Financial (formerly AIG Life and Retirement)
Peter Clare Work Experience Details
  • Corebridge Financial
    Svp Financial Valuation
    Corebridge Financial Dec 2020 - Present
    Leading a team of over fifty people across several US and Indian states responsible for Life, Group Benefits, Reinsurance, and Accident and Health Valuation. Qualified Actuary for VM-20.
  • Corebridge Financial
    Vp Actuarial Consolidation
    Corebridge Financial Apr 2018 - Dec 2020
    Houston, Texas, United States
    Led a small team responsible for GAAP and Statutory exhibits and schedules, board presentations, and senior management presentations. Led project to implement PBR for AIG's US Life companies. Actuarial lead on several workstreams including the workstream responsible for identifying initial impacts and the workstream responsible for dry and comparative runs. Built small team to work on actuarial and IT interface and data issues. For this and previous roles Corebridge was part of AIG.
  • Corebridge Financial
    Several Roles Under Same Manager (Final Role Structured Settlement Business Leader)
    Corebridge Financial Dec 2015 - Mar 2018
    Houston, Texas Area
    Took a role as VP Risk and Reinsurance in AIG's Life, Health and Disability business. Re-orged into AIG's then new Legacy organization as part of a team of 18 responsible for disposing of $45B of AIG's legacy business. Helped set up and sell Fortitude Re, working on appraisals, block sales, staffing, etc., while also working on managing the business including operations, non-guaranteed elements, LTC rate filings, operations, TPA and reinsurer interactions, outsourcing, and review of investment approach, cost allocations, etc.
  • Corebridge Financial
    Model Validation Officer
    Corebridge Financial Sep 2013 - Dec 2015
    Houston, Texas Area
    Lead reviews of various financial models for hedging, pricing, reserving, risk management, etc across a range of products and systems.
  • Ing
    Head Of Statutory And Tax Valuation
    Ing Jun 2011 - Apr 2013
    West Chester, Pennsylvania
    • Responsible for reserves and rating agency capital for our annuity group. • Approved Actuary for Security Life of Denver International, our multiline Cayman company • Managed a department of ten, including three directs each with over fifteen years’ experience. • Identified and implemented multibillion dollar S&P CTE95 VA capital savings. • Responsible for statutory and tax reserves and rating agency capital for the retail VA, FA, and FIA businesses. • Worked with external firm to produce statutory and tax projections for ING’s new dividend / debt servicing model• Part of the “Annuity Core Team” responsible for evaluating various IPO related initiatives• Identified that moving ING’s bonus payment date could save ING 35% of the payout.• Almost halved reserve production time
  • Ing
    Senior Actuary - Capital Management And Alm
    Ing Apr 2009 - Jun 2011
    Atlanta
    • Promoted twice, from Associate Actuary to Actuary, then from Actuary to Senior Actuary.• Team Lead for Risk Management and Actuarial sections of US Insurance data room and actuarial appraisal • Proposed and championed re-domestication of multiline Bermuda captive to Cayman Islands avoiding the need to comply with Solvency II, and adding regulatory efficiency. • Part of ING’s talent development program• Prioritized and helped to drive projects increasing capital metrics by over a billion dollars • Including off shoring, selective hedging, manipulating C3P1&2, and asset sales • Identified accounting change significantly increasing RBC and S&P capital• Presented on Economic Capital at the Valuation Actuaries Symposium• Responsible for tracking and projecting capital (RBC, S&P, and offshore) • Lead project to create new investment company subsidiary of ING’s Bermuda captive, minimizing taxes and improving offshore capital • Identified possible tax planning strategies to IRS to defend significant Net Operating Losses• Helped design multi-billion dollars capital hedge position• Corporate aggregation of C3 Phase 1 and proposed reserve postings to zero C3P1 and C3P2 requirements• Created ING US Insurance’s first ever 5 year capital forecast• Legal entity role with onshore investment subsidiary of our offshore insurance company
  • Ing
    Associate Actuary Investment Risk Liaison
    Ing Jan 2008 - Apr 2009
    Involved in the investment risk management of ING's US$80B plus general account portfolio.- Reviewed new investment products- Coordinated investment mandates for the US business units- Assisted with development of mandate for offshore entity- Assisted in selection of assets and negotiation of asset side of ModCo deal.
  • Towers Perrin - Tillinghast
    Associate
    Towers Perrin - Tillinghast Dec 2003 - Nov 2007
    Worked in the Life insurance and Financial Services LOB of Tillinghast - Towers Perrin (now WTW). Extensive experience in XXX, AXXX, and disability securitization's. Designed Tillinghast's Life Settlement valuation tool. Worked with hedge funds and investment banks to value life settlement/viatical type policies. Helped companies prepare embedded value results, and have reviewed EV numbers for divisions of a large multinational insurance conglomerate. Priced equity indexed annuities, universal life, whole life, and term policies.
  • Towers Perrin Reinsurance
    Intern
    Towers Perrin Reinsurance Jul 2002 - Sep 2002
    In this role I aided in the placement of reinsurance treaties across a range of domestic and foreign markets.
  • Towers Perrin Reinsurance
    Intern
    Towers Perrin Reinsurance Jul 2001 - Sep 2001
    In this role I learnt about reinsurance of health, property and casualty insurance. I also learnt about alternative structures, such as captives, and securitization.

Peter Clare Skills

Financial Risk Actuarial Science Solvency Ii Risk Management Alm Economic Capital Valuation Reinsurance Insurance Investments Portfolio Management Embedded Value Capital Management Life Insurance Hedging Fixed Annuities Enterprise Risk Management Financial Modeling Pricing Financial Services Market Risk Financial Analysis Finance

Peter Clare Education Details

Frequently Asked Questions about Peter Clare

What company does Peter Clare work for?

Peter Clare works for Corebridge Financial

What is Peter Clare's role at the current company?

Peter Clare's current role is SVP Financial Valuation at Corebridge Financial (formerly AIG Life and Retirement).

What is Peter Clare's email address?

Peter Clare's email address is pe****@****aig.com

What is Peter Clare's direct phone number?

Peter Clare's direct phone number is (770)-541*****

What schools did Peter Clare attend?

Peter Clare attended Cass Business School, University Of Cambridge.

What skills is Peter Clare known for?

Peter Clare has skills like Financial Risk, Actuarial Science, Solvency Ii, Risk Management, Alm, Economic Capital, Valuation, Reinsurance, Insurance, Investments, Portfolio Management, Embedded Value.

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