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Nasri H. Barakat

Certified Arbitrator

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Personal Information

Email: nasrib@nhbarakat.com

Current Employment

Company: II&RCS, Inc., (International Consultants)
Position(s) and Responsibilities: President/Owner: arbitration & mediation, litigation support & management, reinsurance & insurance inspections, expert testimony, due diligence, collections, liquidation management, run-off management.
Address: 353 East 72nd Street
Apt # 4 D
New York, NY 10021
Phone: 646-707-0157
Cell: 214-912-9848
Fax: 646-224-8404
Email: iircsinc@ipa.net
Website: www.nhbarakat.com

Offering Services as Expert Witness in:

Automobile Underwriting, Automobile Warranty Underwriting, Casualty Underwriting, Excess of Loss Reinsurance Agreements, Facultative Certificates, Homeowners Underwriting, Insurance Underwriting, Liability Underwriting, Medical Malpractice Underwriting, Professional Liability Underwriting, Property Underwriting, Pro Rata / Quota Share Reinsurance Agreements, Workers Comp Underwriting, Insurance Claims, Liability Claims, Workers Compensation Claims, Captives, Commutations, Coverage / Contract Interpretation, Financial Guarantees, Fronting Arrangements, Insolvencies, Offshore / London Markets, Reinsurance Contract Wording

Previous Employment

Company: National American Insurance Company & Chandler Insurance Company, Ltd.
Position(s) and Responsibilities: President; VP underwriting & ceded and assumed reinsurance and fronting programs.
Company: Old American Insurance Services, Inc., Dallas, TX
Position(s) and Responsibilities: Vice president, Marketing, Commercial excess & surplus lines underwriting, ceded and assumed reinsurance & fronting programs.
Company: Republic Insurance Company, Dallas, TX
Position(s) and Responsibilities: Assistant Vice President Ceded & assumed reinsurance inspections, commutations, liquidations, arbitration & litigation management.

Credentials

Attorney: Yes
Education: Lebanese University of Beirut Law School (Law Degree, with honors-1973). Primer in Oil & Gas Drilling, University of Texas at Midland-Odessa (40 hours 1984)
Degrees: Law Degree
Languages: French & Arabic; fluently spoken and written
Other Information: Expertise includes underwriting primary & excess, direct, reinsurance (facultative & treaty), domestic & international business. Also acquired an extensive knowledge in the workings of the London Market, Lloyd's Underwriting and Broking while on secondment at the Excess Insurance Group in London and Paris from 1984-1986.

Work Experience

Insurance Company: 18 years

Underwriting Department: 8 years. Various underwriting positions including primary, excess, surplus lines, treaty and facultative, domestic and International busniess.

Executive Officer (CEO, COO, CFO, Chief Actuary): 1 year. Preident, VP Reinsurance underwriting

Claim Department: 3 years. large claims committee member for large property and casualty business as well as reinsurance

Ceded Reinsurance Department: 2 years. run-off operations including incoming audit coordination work

Assumed Reinsurance Department: 4 years. run-off operations including auditing cedent business

Reinsurance Company: 6 years

Underwriting Department: 3 years. VP Reinsurance Underwriting

Executive Officer (CEO, COO, CFO, Chief Actuary): 1 year. VP Reinsurance Underwriting

Claim Department: 2 years. run-off operations including auditing reinsured business, managing litigations and arbitrations

Independent/Other Relevant Experience: 16 years

Independent/Unaffiliated Arbitrator, Umpire and/or Mediator: 16 years. arbitrator, umpire, expert witness and auditor.

Breakdown of Experience

Worker's Compensation   17%
Commercial Liability   16%
Product Liability   11%
Accident & Health   10%
Commercial Property   10%
Excess/Surplus Lines   10%
MGA/MGU   6%
Healthcare   5%
Life   5%
Captives/Risk Retention Groups   5%
Professional Liability/Errors & Omissions   5%

By Market

U.S. Market: 60%

U.K. Market: 20%

Bermuda/Off-shore Market: 10%

European Market: 5%

Global Market: 5%

Insurance vs. Reinsurance: 60/40%
Treaty vs. Facultative Reinsurance: 50/50%
Former Insurance or Reinsurance Company Officer
Former Insurance or Reinsurance Company Director

Mediation Experience

Number of Mediations

As Mediator: 7

ARIAS Experience

Ethics Training, as Trainee: 1; May 12, 2009

ARIAS Conference Faculty: 2; Spring 2006, Spring 2009

Arbitration Experience

Number of Arbitrations

As an Arbitrator: 93
As an Umpire: 23
As Corporate Representative: 35

Arbitrator Experience

Number of Arbitrations

6 Appointed as an arbitrator.
10 Acted as an arbitrator through the organizational meeting or the arbitration has only reached this stage.
28 Acted as an arbitrator through the organizational meeting or the arbitration has only reached this stage and the resolution of significant pre-hearing motions.
15 Acted as an arbitrator through an evidentiary hearing of at least one full day and less than three full days regarding the substantive merits of the parties' dispute.
17 Acted as an arbitrator through an evidentiary hearing of at least three full days regarding the substantive merits of the parties' dispute.
10 Acted as an arbitrator through to final award after completion of an evidentiary hearing of at least one full day and less than three full days regarding the substantive merits of the parties' dispute.
7 Acted as an arbitrator through to final award after completion of an evidentiary hearing of at least three full days regarding the substantive merits of the parties' dispute.

Umpire Experience

Number of Arbitrations

2 Acted as an umpire through the organizational meeting or the arbitration has only reached this stage.
3 Acted as an umpire through the organizational meeting or the arbitration has only reached this stage and the resolution of significant pre-hearing motions.
2 Acted as an umpire through an evidentiary hearing of at least one full day and less than three full days regarding the substantive merits of the parties' dispute.
8 Acted as an umpire through to final award after completion of an evidentiary hearing of at least one full day and less than three full days regarding the substantive merits of the parties' dispute.
8 Acted as an umpire through to final award after completion of an evidentiary hearing of at least three full days regarding the substantive merits of the parties' dispute.

Company Representative Experience

Number of Arbitrations

35 Not available or unwilling to provide. ARIAS recognizes that in an effort to protect the respective company(ies) that you work(ed) for, you may not be able to divulge the status of the arbitrations that you participated in. Indicate such arbitrations here.

Biography

Full time Arbitrator and Mediator - Commercial, Insurance and Reinsurance

Work History: President, II&RCS, Inc., Former President, National American Insurance Company and Vice President Reinsurance, Chandler Insurance Company, LTD, Vice President, Old American Insurance Services, Assistant Vice President, Republic Insurance Company, Assistant Vice President, The Hartford Insurance Group.

In excess of 35 years of insurance and reinsurance experience in the United States, Europe and the Middle East. Currently serves as full time commercial arbitrator and to the insurance and reinsurance industry. Prior work experience includes responsibilities in the following technical areas:

Underwriting, marketing insurance and reinsurance ceded and assumed business, commercial excess and surplus lines, audits, commutations, liquidations, arbitration and litigation management,and specialty Lines programs.Also the placement of outward reinsurance, captive arrangements and managing general agency operations management.

In the primary lines area, was responsible for the underwriting of large casualty and property, excess, direct, reinsurance (facultative and treaty), domestic, and international business.

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