Personal Information

Phone:	973-265-4437
Cell:	973-229-4465

Current Employment

Company:	RAB Actuarial Solutions, LLC
Position(s) and Responsibilities:	I am a Consulting Actuary, Reinsurance Consultant and Insurance Arbitrator in the actuarial consulting firm that I established in 2004, RAB Actuarial Solutions LLC. I have 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 I have provided litigation support in four cases. In the two cases where I served as an actuarial expert to resolve claim disputes for a London solvent scheme of arrangement, I essentially fulfilled the role of an umpire in resolving these disputes. Most of my litigation support and expert witness work has related to loss reserving issues and/or insurance policy (or reinsurance contract) issues. I was deposed as an actuarial expert in one insurance arbitration case and in two reinsurance arbitration cases. I testified before one reinsurance arbitration panel. I was approved by a court to testify as an actuarial expert but my testimony was not needed in this case.
Address:	1 Earl Court Montville, NJ 07045
Phone:	(973) 265-4437
Cell:	(973) 229-4465
Fax:	(973) 265-4437
Email:	rabsolutions@gmail.com
Website:	www.rabsolutions.net

Offering Services as Expert Witness in:

Excess of Loss Reinsurance Agreements, Pro Rata / Quota Share Reinsurance Agreements, Actuarial, Commutations, Finite / Financial Reinsurance / Alternative Risk, Reinsurance Contract Wording

Previous Employment

Company:	PXRE Group Ltd.
Position(s) and Responsibilities:	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. Provided actuarial support for capital raising efforts.

Company:	SCOR Reinsurance Company
Position(s) and Responsibilities:	Vice President and Actuary (1995-1999): Actuarial pricing manager. Developed actuarial pricing programs and priced complex treaty proposals including finite treaties. Merger & Acquisition and retrocessional analyses.

Company:	Signet Star Reinsurance Company
Position(s) and Responsibilities:	Vice President and Actuary (1993-1995): Developed and managed corporate actuarial function, with responsibilities for loss reserves, corporate modeling, and pricing research and development. Second Vice President (1987-1993): Responsibilities for pricing model development, training and price monitoring. Priced finite treaties and commutations. Merger & Acquisition and retrocessional analyses.

Company:	Prudential Reinsurance Company
Position(s) and Responsibilities:	Actuarial Manager (1984-1987): Pricing responsibilities for two years and reserving responsibilities for one year. Developed pricing programs and priced finite treaties.

Company:	Insurance Services Office
Position(s) and Responsibilities:	Senior Actuarial Analyst (1978-1984): Econometric research leading to improved forecasting techniques in ratemaking (outstanding performance award for Inflation Adjusted Trend Procedure). Actuarial Analyst (1975-1978): Commercial Casualty rate reviews, research and data quality projects.

Credentials

Attorney:	No
Education:	(1) POLYTECHNIC INSTITUTE OF NEW YORK: MS degrees in Economic Systems and Industrial & Applied Mathematics (2) NEW YORK UNIVERSITY: MS in Mathematics (3) FAIRLEIGH DICKINSON UNIVERSITY: Teaching Certification in Mathematics (4) UNIVERSITY OF BRIDGEPORT: BA in Mathematics (summa cum laude)
Degrees:	(1) BA in Mathematics, Teaching Certification in Mathematics (2) MS degrees in Mathematics, Industrial & Applied Mathematics, and Economic Systems.
Designations:	Fellow of the Casualty Actuarial Society, Chartered Property Casualty Underwriter, member of the American Academy of Actuaries, Fellow in the Conference of Consulting Actuaries, and ARIAS-U.S. certified insurance and reinsurance arbitrator.
Other Information:	Industry Service: Currently serves as Chairperson of the CAS Dynamic Risk Modeling Committee. Previously served as Chairperson of the Reinsurance Association of America (RAA) Actuarial Committee and as President of Casualty Actuaries in Reinsurance (CARe). Authored several CAS discussion papers and articles on reinsurance pricing, loss reserving, and risk modeling issues that are noted on Curriculum Vitae. Blog on actuarial and dynamic risk modeling issues is available at rabactuarial.blogspot.com. Co-manages the Linked In professional groups focused on discussion of Commercial and Industry Arbitration and Mediation issues and Reinsurance Claims issues.

Work Experience

Insurance Company: 9 years

Actuarial Department: 9 years. Actuarial Analyst, Senior Actuarial Analyst

Reinsurance Company: 21 years

Executive Officer (CEO, COO, CFO, Chief Actuary): 6 years. Chief Actuary

Actuarial Department: 15 years. Actuarial Manager, Vice President and Actuary

Insurance-related Firms: 6 years

Consultant: 6 years. Consulting Actuary, Reinsurance Consultant and Arbitrator, RAB Actuarial Solutions LLC (independent consulting firm)

Independent/Other Relevant Experience: 2 years

Other: 2 years. Adjunct Lecturer in Mathematics and Actuarial Science

Breakdown of Experience

Commercial Liability   10% Commutations   10% Finite   10% Commercial Property   5% Asbestos   5% Automotive Liability/Property   5% Catastrophes (Property)   5% Product Liability   5% Professional Liability/Errors & Omissions   5%

Worker's Compensation   5% Environmental/Pollution   3% Excess/Surplus Lines   3% Alternative/Self-Insurance/Risk Management   3% Architects & Engineers   2% Agricultural   2% Aviation   2% Captives/Risk Retention Groups   2% Catastrophes (Casualty)   2%

Directors & Officers   2% Employment Practices Liability   2% Healthcare   2% Insolvencies   2% MGA/MGU   2% Ocean Marine   2% Product/Consumer Warranties   2% Toxic Tort   2%

By Market

U.S. Market: 75%

U.K. Market: 10%

Bermuda/Off-shore Market: 15%

Insurance vs. Reinsurance: 30/70%
Treaty vs. Facultative Reinsurance: 90/10%
Former Insurance or Reinsurance Company Officer

ARIAS Experience

Workshops, as Trainee: 1; March 2005

Ethics Training, as Trainee: 1; April 8, 2009

Arbitration Experience

Number of Arbitrations

As an Arbitrator: 1

Arbitrator Experience

Number of Arbitrations

1	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.

Biography

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 risk 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.