Professional Experience
Elucidor, LLC (Dec 2011-Present)
Principal
Provides actuarial, reinsurance and risk management advisory services, including:
- Product development, product pricing and underwriting
- Data analysis and inforce business modeling
- Insurance security analysis
- M&A services
- Reinsurance management services
- Risk Management and Asset Liability Management
Ability Resources, Inc. ( May 2007-Nov 2011)
Senior Vice President
- Helped launch a group of companies which administered and reinsured inforce portfolios of Long Term Care and Individual Life business. Contributed to company’s raising of $300 million of capital
- Analyzed, modeled, structured and completed reinsurance transactions and acquisitions of Long Term Care insurance blocks
- Assisted in monitoring morbidity, mortality and lapse experience of inforce business
- Developed Statutory and GAAP Income Statement and Balance Sheet projections of various blocks of business. Supervised calculations of PGAAP reserves
- Reviewed prospective Life reinsurance transactions
- Supervised a small team of actuaries in multiple locations
Lotter Actuarial Partners, Inc. (Sep 2005-Jul 2007)
Managing Principal
- Provided actuarial consulting services to a range of clients relating to M&A, Life Settlements, FASB 106, Litigation, and Financial Analysis of Life/Health and Property/Casualty insurance companies
- Managed all consulting business coming through the New York office
Centre Insurance Company (Jun 1997-Sep 2005)
Vice President (6/97-3/04)
Consultant (4/04-9/05)
- Modeled, structured and completed innovative insurance and reinsurance transactions to meet clients’ financial needs
- Analyzed risks relating to life, health and annuity products including Disability, Long Term Care, Medical, Pension Buy-outs, Single Premium Deferred Annuities, Corporate Owned Life Insurance, Whole Life, Reverse Mortgages, Viaticals, Life Settlements, and others
- Monitored morbidity and mortality experience of completed transactions; recommended procedures to improve profitability of inforce contracts
- Served as the Valuation Actuary for Centre Life Insurance Company
- Provided Litigation support
Swiss Reinsurance (Dec 1995-May 1997)
Actuary – Swiss Re Life Company America (12/95–5/97)
Vice President – Swiss Re Atrium (7/96–5/97)
Senior Vice President – Atlantic International Reinsurance Company (9/96–5/97)
- Coordinated all financial reinsurance activities of company
- Structured and completed deals with innovative solutions to clients’ financial needs
- Created a detailed strategy to enhance Swiss Re’s market presence in life financial reinsurance
- Liaised with Swiss Re Atrium in a unified approach to servicing clients
Equitable Life Assurance Society (Jun 1986-Dec 1995)
Reinsurance Actuary (4/91-12/95)
- Directed annuity reinsurance line of business. Researched, developed and directed company’s entry into annuity reinsurance market.
- Managed company’s financial reinsurance program
- Supervised life assumed reinsurance pricing function
- Co-directed marketing activities. Explored and created opportunities to increase profits
Computer Skills
MG-ALFA pricing software, MS Excel, MS Access
Professional Designation/Education
A.B., Harvard University, Cambridge, MA, Statistics, 1986
Fellow of the Society of Actuaries, 1991
Member of the American Academy of Actuaries, 1995
Professional Activities
- Society of Actuaries Committees: Annual Meeting Program Committee, 1993-96, 1999-2000 (Chairperson, 1995-96), ILA Educational Objectives Committee, 1994-98, Liaison to Reinsurance Section Council on reinsurance examination content, 1994-95, I-550 (Reinsurance) Exam Committee, 1993-95
- Speaker at industry conferences including SOA and HIAA
- Discussion to Jacques F. Carriere’s paper “A Select and Ultimate Parametric Model,” published in Transactions of the Society of Actuaries, Vol. XLVI, 1994