Senior Director, Global Insurance Services
Current• Developed case analysis and expert report for a dispute involving fraud in the placement and operation of a substantial quota share reinsurance arrangement between two major insurers resulting in a settlement of 6% of the reinsurance coverage claimed.• Evaluated breach of contract claim for damages by a managing general agent against a major insurer. Prepared an expert report rebutting damages resulting in arbitration findings 100% in favor of the insurer client. • Performed comprehensive financial due diligence of a California-based managing general agency for the purchaser, a Lloyds of London affiliated agency. Work included quality of earnings analysis with EBITDA adjustments.• Prepared operational assessment and performed financial due diligence of a multi-agency insurance network in Florida and New Jersey for a passive partner with a financial interest.• Analyzed claims involving breach of responsibilities against two major broker clients, including the placement of a Unicover-related reinsurance program by a life insurer and the improper placement and termination of a significant reinsurance program with a regional specialty writer.• Successfully averted litigation from a billion dollar corporate client against a major U.S. broker related to inadequate accounting and reporting on a complex worker’s compensation self-insured deductible program involving negotiations with the liquidators of a bankrupt insurance carrier, its offshore reinsurer and state guaranty funds. • Participated in forensic accounting of a major risk retention group with complex reinsurance arrangements involving side agreements and deceptive accounting practices with a well-known reinsurer.• Performed actuarial investigations and developed expert reports for insurance industry bankruptcies, including a major medical practice insurance carrier, a major worker’s compensation insurer, a multi-line insurer and a surety writer resulting in professional liability settlements.
