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| Bruce D. Fell
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Date: Tuesday, March 19 |
Session: 33, 44
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General Reinsurance |
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Latent Exposures |
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Summary
Latent Exposures
Organized by the Casualty Actuarial Society
Chairman: Susan Patschak (USA)
Panelists:
·Raja R. Bhagavatula (USA)
·Jennifer L. Biggs (USA)
·Bruce D. Fell (USA)
A significant portion of the session will be devoted to asbestos litigation, which has been described by the U.S. Supreme Court as an "elephantine mass." The panelists will discuss the recent increases in personal injury claim filings and awards, defendant bankruptcies, and the spread of the litigation to peripheral defendants.
The panelists will provide an update on pollution liabilities (whose estimated ultimate costs have now been surpassed by asbestos liabilities) and provide information regarding newly emerging torts such as lead, tobacco, and mold.
Finally, the panelists will offer insights regarding the potential effects of liabilities from latent exposures on the balance sheet and value of insurers and reinsurers. |
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| Bruce D. Fell |
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Bruce D. Fell is Vice President of Am-Re Consultants, Inc. During his career, Mr. Fell has had direct responsibilities in reinsurance company operations, insurance brokerage and consulting related to the following areas:
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Due diligence reviews associated with mergers and acquisitions of insurance, reinsurance and self-insured entities |
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Financial analysis of risk financing alternatives including self-insured and captive insured programs |
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International and domestic loss reserve analysis of insurance, reinsurance and self-insured exposures, comprising all lines of business including product warranty and accident & health reinsurance |
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Dynamic financial modeling for capital allocation and reinsurance pricing of Alternative Risk Transfer (ART) products |
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Litigation support and expert analysis for attorneys representing insurers and reinsurers |
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Prior to joining Am-Re Consultants in 2000, Mr. Fell was a Consulting Actuary for Arthur Andersen LLP for three years leading projects for reinsurers, insurers, law firms, investment firms and self-insured entities. Prior to joining Arthur Andersen, Mr. Fell was a Vice President at Alexander & Alexander, Inc. where he managed the Actuarial and Financial Risk Consulting Group. Prior to that, he was an Assistant Vice President at American Re-Insurance Company where his responsibilities included loss reserving, asset/liability management, financial and tax planning and commutation analysis and negotiation.
Mr. Fell is a Fellow of the Casualty Actuarial Society (FCAS) and a Member of the American Academy of Actuaries (MAAA). Mr. Fell has served on the Casualty Actuarial Society's Committee for Reinsurance Seminars and on the American Academy of Actuaries Index Securitization Task Force and as a panelist for the Casualty Actuaries in Reinsurance (CARe) seminar. Mr. Fell authored a paper entitled "Eliminating Mortgage Insurance through Risk-Adjusted Interest Rates (The Securitization of Mortgage Default Risk) published in the May 1999 CAS Discussion Paper Program. He graduated Magna Cum Laude with a Bachelor of Business Administration degree in Statistics and Risk Management & Insurance from Temple University. Mr. Fell is currently pursuing the Chartered Financial Analyst (CFA) designation having successfully passed the first two exams of this three-part program.
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