Alan R. Bialeck
Certified Arbitrator
vCard
Personal Information
| Address: |
305 East 86, Apt.19MW New York, NY 10028 |
| Phone: | (212)427-9158 |
| Cell: | (646)318-8985 |
| Email: | abialeck@aol.com |
Current Employment
| Company: | ALAN R BIALECK LLC |
| Position(s) and Responsibilities: | Consulting with large life insurance institutions regarding their capital needs arising from the reserving for term life insurance (Regulation XXX) and universal life insurance with secondary guarantees (Regulation AXXX). Tasks included integrating actuarial, reinsurance, regulatory, SAP and GAAP principles with the Capital Markets. Developed products using facilitative reinsurance on an extensive basis. |
| Address: |
305 East 86th, Apt.19MW New York, NY 10028 |
Previous Employment
| Company: | Guardian Life |
| Position(s) and Responsibilities: | Performed a wide range of financial and tax services for this multi-billion dollar mutual life insurance company. Administered a 13-person professional staff. Functions included tax planning and compliance for both current and deferred taxes and advising senior management as to the effects of proposed Federal and state and local legislation that affect the tax position of the company. Increased capital by over $350 million through various techniques which included techniques to use Deferred Tax Assets. Negotiated with the IRS to settle tax disputes for open years. |
| Company: | Citigroup |
| Position(s) and Responsibilities: | Performed a wide range of functions as an insurance industry specialist to enhance the capital of insurance company clients. Developed and implemented products using reinsurance to convert DAC of a Life Insurer to cash and developed alternatives to LOCs for a P&C reinsurer based in Bermuda. Interfaced with CEOs, CFOs, regulators, lawyers, accountants and actuaries. |
| Company: | The Continental Insurance Companies |
| Position(s) and Responsibilities: | Performed wide a range of matters for this multi-billion dollar public insurance company. Proactive in increasing cash flow and capital. Administered a 19-person professional staff. Managed, on behalf of Senior Management, various financial projects designed to enhance the capital base of the Corporation and its operating subsidiaries. Experience includes the following: Employed facilitative reinsurance principles in restructuring and disposing of businesses; structured insurance products to be more tax efficient to clients; negotiated extensively with the IRS regarding tax settlements; dealt with members of Congress on legislation; and employed a variety of techniques in restructuring the Corporation's investment portfolio. Extensive time spent regarding monitoring the taxes of foreign insurers and acquiring and disposing of domestic and foreign companies |
Credentials
| Attorney: | Yes |
| Education: | New York University School of Law (1967-1968). University of Wisconsin School of Law (1964-1967). University of Wisconsin (1960-1964). |
| Degrees: | LLM (Tax)--Masters of Law in Taxation. JD--Juris Doctrate in Law. BBA--Bachelors Degree in Accounting. |
| Designations: | Member of the New York and Connecticut Bars. Registered Securities Broker (Expired). |
| Languages: | English |
Work Experience
Insurance Company: 21 years
Legal Department: 19 years. Vice President-Taxes (Head of the Tax Department)
Finance Department: 2 years. Vice President-Taxes (Head of the Tax Department)
Law Firm (Insurance/Reinsurance Practice): 8 years
Associate: 8 years. Associate
Insurance-related Firms: 4 years
Consultant: 4 years. President, ALAN R BIALECK LLC
Independent/Other Relevant Experience: 7 years
Other: 7 years. Vice President-Director of Corporate Finance (Investment Banking)
Breakdown of Experience
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By Market
U.S. Market: 60%
U.K. Market: 10%
Bermuda/Off-shore Market: 10%
European Market: 10%
Global Market: 10%
Insurance vs. Reinsurance: 20/80%
Treaty vs. Facultative Reinsurance: 0/100%
Former Insurance or Reinsurance Company Officer
ARIAS Experience
Ethics Training, as Trainee: 1; February 2010
Biography
Alan Bialeck is an attorney with over 30 years of experience in the insurance industry where he has worked on legal and financial issues regarding property and casualty insurance, life insurance, and reinsurance.From 1968 thru 1976, Mr. Bialeck worked as a tax associate at several law firms. In 1976, he became Tax Counsel to The Continental Insurance Companies and in 1978 was promoted to Vice President -Taxes with responsibility for the world wide tax position of the Companies. In this capacity, Mr. Bialeck was responsible for negotiating and settling tax disputes with the Internal Revenue Service, state and local taxing authorities and the taxing authorities of various foreign countries. He was also active in the capital management of the Companies employing reinsurance principles to enhance its capital position and in implementing various acquisitions and dispositions. In performing this function, Mr. Bialeck was responsible for integrating domestic and foreign regulatory, accounting and tax principles to achieve the optimum effects. Mr. Bialeck also helped design commercial insurance products with an emphasis on tax efficiencies and worked extensively with the U.S. Treasury and members of Congress regarding the implementation of legislation affecting the insurance industry.
In 1995, Mr. Bialeck became Vice President - Corporate Finance Director at Citigroup with responsibility for designing bank products to more efficiently meet the needs of the bank’s insurance clients. In this capacity, he employed life and non-life reinsurance strategies, worked with regulators and insurance company CEOs, CFOs and Treasurers, and coordinated efforts by lawyers, accountants and actuaries.
Mr. Bialeck, in 2002, became Vice President - Taxes at Guardian Life where he was responsible for its tax function and, in 2004, formed his own consulting company, ALAN R BIALECK LLC, where, on behalf of banking clients, he consulted with various large life insurance comp
