Consulting Actuary, Reinsurance Consultant, Insurance Arbitrator and Expert Witness

RAB Actuarial Solutions, LLC

1 Earl Court
Montville, New Jersey 07045
USA

Contact: Mr. Robert A. Bear
Tel: (973) 265 4437, Fax: (973) 265 4437

Expert Witness - Litigation Support - Speaker Bureau

RAB Actuarial Solutions LLC is a P&C actuarial and statistical modeling consulting firm located near New York City that is focused on providing quality loss reserving, dynamic risk modeling, excess and reinsurance pricing, actuarial and reinsurance expert witness and arbitration services. The firm supports insurers, self-insurers, reinsurers, insurance run-off operations, MGAs, brokers and investors.

Services

RAB Actuarial Solutions LLC is focused on providing quality Property and Casualty actuarial, statistical modeling and reinsurance consulting services:
(1) Loss reserve studies and research on loss reserving methods and models
(2) Development of dynamic risk models to facilitate evaluation of profitability as well as risk load and capital needs
(3) Insurance and reinsurance pricing, including reinsurance commutation, excess pricing and price monitoring studies
(4) Resolution of loss reserve and coverage disputes subject to insurance arbitration, reinsurance arbitration or mediation
(5) Actuarial and reinsurance expert witness and litigation support.

Litigation Support Services

Litigation support services have been focused on loss reserving and reinsurance pricing related issues.

Areas of Expertise:

Profile

Robert Bear is a Property and Casualty Consulting Actuary, Reinsurance Consultant and Insurance Arbitrator in the firm he has established, RAB Actuarial Solutions LLC. He has performed loss reserve studies and reinsurance pricing analyses requiring complex loss simulations, served as an insurance arbitrator and an actuarial expert witness in insurance and reinsurance arbitrations, provided litigation and investor support, resolved complex insurance coverage claim disputes, and performed research on loss reserving models.

Robert Bear is an Actuarial and Reinsurance Consultant with 35 years of insurance industry experience, including 20 years managing reinsurance actuarial services. After beginning his career at Insurance Services Office, he served as an actuarial manager at Prudential Reinsurance, Signet Star Reinsurance and SCOR Reinsurance Company. He then served as Senior Vice President and Chief Actuary of PXRE Group, where he was responsible for loss reserving functions and pricing model development, along with related corporate modeling.

RAB Actuarial Solutions LLC offers the following actuarial and statistical modeling consulting services: (1) loss reserve studies and research on loss reserving methods and models (2) development of dynamic risk models to facilitate evaluation of profitability as well as risk load and capital needs (3) insurance and reinsurance pricing, including reinsurance commutation, excess pricing and price monitoring studies (4) resolution of loss reserve and coverage disputes subject to insurance arbitration, reinsurance arbitration or mediation (5) actuarial and reinsurance expert witness and litigation support.

Robert Bear is a Fellow of the Casualty Actuarial Society (CAS), an ARIAS-U.S. certified insurance and reinsurance arbitrator, a Chartered Property Casualty Underwriter, a member of the American Academy of Actuaries, and a Fellow in the Conference of Consulting Actuaries. He has earned MS degrees in theoretical mathematics from New York University and in applied mathematics and in economic systems from the Polytechnic Institute of New York. He graduated summa cum laude with a BA in mathematics from the University of Bridgeport. Professional references are available on his full LinkedIn Profile at www.linkedin.com/in/robertbear.

In addition, Robert Bear currently serves as Chairperson of the CAS Dynamic Risk Modeling Committee and as co-chairperson of the CAS Loss Simulation Model Working Party. He previously served as Chairperson of the Reinsurance Association of America (RAA) Actuarial Committee and as President of Casualty Actuaries in Reinsurance (CARe). He has also authored several CAS discussion papers and articles on reinsurance pricing, loss reserving, and risk modeling issues. His blog on actuarial and dynamic risk modeling issues is available at www.rabactuarial.blogspot.com.

Licenses

Teaching Certification in Mathematics

Professional Experience

RAB Actuarial Solutions, LLC - Consulting Actuary, Reinsurance Consultant & Insurance Arbitrator 2004-Present
Performed loss reserve studies and reinsurance pricing analyses requiring complex loss simulations, served as an insurance arbitrator and an actuarial expert witness in insurance and reinsurance arbitrations, provided litigation and investor support, resolved complex insurance coverage claim disputes, and performed research on loss reserving models.

PXRE Group Ltd. - Senior Vice President and Chief Actuary 1999-2004
Actuarial Department Manager and Appointed Actuary for companies within group. Responsible for loss reserving functions and pricing model development, along with related corporate modeling. Priced finite treaties and commutations.

SCOR Reinsurance Company - Vice President & Actuary 1995-1999
Actuarial pricing manager. M&A and retrocession analyses. Developed actuarial pricing programs and priced complex treaty proposals including finite treaties.

SIGNET STAR Reinsurance Company - Vice President 1993-1995
Developed and managed corporate actuarial function, with responsibilities for loss reserves, corporate modeling, and pricing research and development.

Second Vice President and Technical Unit Manager 1987-1993
Responsibilities included pricing model development, training and price monitoring, priced finite treaties and commutations.

Legal Experience & Services

Robert Bear has been retained once as a party appointed arbitrator (the case was resolved with a reasoned award), three times as an actuarial expert in insurance and reinsurance arbitration proceedings, twice as an actuarial expert to resolve disputes arising in a London solvent scheme of arrangement, and he has provided litigation support in four cases. He was retained by the plaintiff in one of the four litigation support cases. In the two cases where he served as an actuarial expert to resolve claim disputes for a London solvent scheme of arrangement, he essentially fulfilled the role of an umpire in resolving those disputes.

Most of his litigation support and expert witness work has related to loss reserving issues and/or insurance policy (or reinsurance contract) issues. One litigation support case related to intellectual property rights, while another involved a shareholder class action suit. Another case involved the impact that a potential large claim settlement could have on a company's rating and ability to continue in business based upon capital requirements.

He has been deposed as an actuarial expert in one insurance arbitration case and in two reinsurance arbitration cases. He has testified before one reinsurance arbitration panel. He was approved by a court to testify as an actuarial expert but his testimony was not needed.

Qualifications

Fellow of the Casualty Actuarial Society (1986)
Member of the American Academy of Actuaries (1987);
Chartered Property Casualty Underwriter (1993)
Fellow in the Conference of Consulting Actuaries (2005)
ARIAS-U.S. Certified Arbitrator (2005)

Awards & Honors

(1) Currently Chairperson of the CAS Dynamic Risk Modeling Committee and co-chairperson of the CAS Loss Simulation Model Working Party
(2) 1990 CAS Proceedings paper won the 1991 Woodward-Fondiller prize
(3) Outstanding Performance Award from Insurance Services Office for econometric research

Seminars & Training

Taught mathematics and statistics courses at NYC Community College (1972-1975).
Taught review course for Credibility and Loss Distributions sections of actuarial exam at New Jersey Institute of Technology (1986-1987).

Presented at numerous Casualty Actuarial Society seminars over the years. Recently moderated a seminar summarizing the progress of the CAS Loss Simulation Model Working Party at the 2009 Casualty Loss Reserve Seminar.

Publications

(1) Authored discussion of Donald Mango’s 2005 ASTIN paper on “Insurance Capital as a Shared Asset,” that was published in the CAS 2006 Fall Forum.
(2) Authored article on “Measuring Returns after Reflecting the Rental Cost of Rating Agency Capital,” that was published in the July 2006 edition of the CAS Risk Management Section periodical.
(3) Authored discussion of Rodney Kreps’ paper on “Riskiness Leverage Models,” that was published in the 2005 CAS Proceedings.
(4) Authored discussion of the Pinto-Gogol paper on “An Analysis of Excess Loss Development,” that was published in the 1992 CAS Proceedings.
(5) Co-authored with Kenneth Nemlick the paper “Pricing the Impact of Adjustable Features and Loss Sharing Provisions of Reinsurance Treaties,” that was published in the 1990 CAS Proceedings. This paper won the 1991 Woodward-Fondiller prize, which recognizes evidence of ability for original research and the solution of advanced insurance problems.
(6) Co-authored with Daniel Minoli the paper “Hyperperfect Numbers,” that was published in the 1975 University of Oklahoma Pi Mu Epsilon Journal. Paper is referenced in Wikipedia under “hyperperfect number.”

Professional References

Professional references are available on Robert Bear's full LinkedIn Profile at www.linkedin.com/in/robertbear.

Education

Polytechnic Institute of New York
MS, Economic Systems 1982
MS, Industrial and Applied Mathematics 1975

New York University
MS, Mathematics 1972

Fairleigh Dickinson University
Teaching Certification in Mathematics 1972

University of Bridgeport
BA, Mathematics (summa cum laude) 1969

Consulting Practice:

All States

More Information:

RAB Actuarial Solutions LLC - Home Page
Robert Bear's Professional Summary
Robert Bear's Curriculum Vitae
Contact RAB Actuarial Solutions, Relevant Links
Blog on Actuarial and Dynamic Risk Modeling Issues
LinkedIn Profile