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Nasri Barakat
Personal Information
  • Address:
    71 Arizona
    Long Beach, New York 11561
    United States
  • Phone:
    2149129848
  • Email:
    nasrib@gmail.com
Credentials
  • Attorney:
    No
  • Education:
    Lebanese University of Beirut Law School (Law Degree, with honors-1973). Primer in Oil and Gas Drilling, University of Texas at Midland-Odessa (40 hours 1984) Also, received in excess of 450 hours of CLE related to commercial arbitration and mediation.
  • Degrees:
    Law Degree
  • Languages Spoken (English is Assumed):
    Arabic, French, Spanish
  • Additional Information:
    Expertise includes underwriting primary and excess, direct, reinsurance (facultative and treaty), domestic and international business. Also acquired an extensive knowledge in the workings of the London Market, Lloyds Underwriting and Broking while on secondment at the Excess Insurance Group in London and Paris from 1984-1986.

    Public Speaking And Engagements:

    2012 Appleman on Insurance Law edition: contributed with the co-author in providing the “Arbitrator’s perspective” for the Chapter titled: “Mediating and arbitrating insurance disputes”. ICDR 2011 Fourth Annual Practice Williem C. Vis Moot: served on two panels during this event preparing candidates for the Hong Kong and Vienna International Commercial Arbitration Moot. Since that time, was invited annually to participate as arbitrator in the “Moots” and served as arbitrator in many of these events including 2022 when I served as arbitrator for the events organized by the AAA and Fordham School of Law. Served as Discussion Leader, Ethics Session at the ARIAS-US Fall Conference, November 2011. Speaker: ARIAS-US: "A Conference for Joe the Arbitrator," May 2009; Panel member for "Streamlining the Process of Arbitration" and "Current Trends in Commercial Arbitration," Reinsurance Litigation & Arbitration Conference, Philadelphia, September 8th-9th, 2008; Booklet co-author and speaker, "Insurance and Reinsurance," AIDA 10th Congress, Morocco, May 1998. Currently serve as a member of the ARIAS US technology and international committees.

    Professional Associations:


    ARIAS-US (Member since 1998 and Certified Arbitrator and Umpire); AIDA (Association Internationale des Droits des Assurances); Reinsurance Association of America (Listed in the Arbitrators' Directory as Arbitrator and Umpire); ICC (Roster of Neutrals); AIRROC (Certified Arbitrator and Umpire); listed in the Roaster of Neutrals of the American Arbitration Association and the International Center for Dispute Resolution since 1998.
  • Offering Services as Expert Witness in:
    in property, casualty and surplus lines
  • Certified Arbitrator:
    Yes
  • Certified Umpire:
    Yes
Work Experience
Former director of an insurance or reinsurance company: No
Current officer of an insurance or reinsurance company: Yes
Former officer of an insurance or reinsurance company: Yes

Insurance Company: 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
Insurance Company: Underwriting Department, Executive Officer (CEO, COO, CFO, Chief Actuary), Claim Department, Ceded Reinsurance Department, Assumed Reinsurance Department

Reinsurance Company: 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
Reinsurance Department: Reinsurance Department, Underwriting Department, Executive Officer (CEO, COO, CFO, Chief Actuary), Claim Department

Insurance - related firms: Run-off Manager: 4 years. VP , Run-off Run-off Manager: 4 years. VP , Run-off Run-off Manager: 4 years. VP , Run-off

Independent/Other Relevant Experience: Independent/Unaffiliated Arbitrator, Umpire and/or Mediator: 26 years. Arbitrator mediator and umpire
Other Work Experience: TPA, Consultant, Run-off Manager, Independent/Unaffiliated Arbitrator, Umpire and/or Mediator

Breakdown of Experience
Accident & Health: 35%
Alternative/ Self Insurance/ Risk Management: 20%
Architects & Engineers: 15%
Asbestos: 25%
Automobile Liability/Property: 50%
Bad Faith/Eco: 15%
Captives/Risk Retention Groups: 5%
Catastrophes (Casualty): 20%
Catastrophes (Property): 20%
Commercial Liability: 50%
Commercial Property: 20%
Commutations: 30%
Construction Defects: 10%
Contract Wording: 20%
Directors & Officers: 5%
Energy: 15%
Environmental/Pollution: 25%
Excess/Surplus Lines: 20%
Healthcare: 25%
Insolvencies: 45%
International: 20%
Life: 25%
Lloyd's: 15%
London Company Market: 15%
Long Term Disability: 10%
MGA/MGU: 20%
Personal Lines: 20%
Product Liability: 50%
Product/Consumer Warranties: 10%
Professional Liability/Errors &, Omissions: 5%
Third Party Administrator: 25%
Toxic Tort: 20%
Workers' Compensation: 30%
By Market
Bermuda/Off- Shore Market: 1-25%
U.K. Market: 1-25%
U.S. Market: 50-75%
Mediation Experience
Minimum Number of Mediations as Mediator: 26
ARIAS Experience
ARIAS Conference Faculty: Spring 2006, Spring 2009, Fall 2011, Fall 2013
Ethics Training, as Trainee: fulfilled all of the required course and seminars to mainatin my certifications since 1998
Workshops, As Faculty: several
Workshops, as Trainee: No
ARIAS Training Committee: 2
Arbitration Experience
Number of Arbitrations as an Arbitrator: 138
Number of Appointments as Arbitrator: 138
Completed Arbitrations as Arbitrator: 114
Arbitration Experience: As Employee Manager: 35
Umpire Experience
Number of Arbitrations as an Umpire: 48 in addition serves 37 times as sole arbitrator for a total of 85
Number of Appointments as Umpire: 85
Completed Arbitrations as Umpire: 66
Biography
In excess of fifty years experience in commercial. insurance and the reinsurance industry. I started my practice as an independent commercial, insurance and reinsurance domestic and international arbitrator and mediator in 1994. I speak, read, write and participate in cases conducted in French, Spanish and Arabic. I participated in more than two hundred and fifty cases as a company representative, sole arbitrator, co-arbitrator, umpire and mediator. My specialties include commercial property, casualty, life and health, worker's compensation, International and Sharia Law, London Market, Crop insurance, financial and banking, oil and gas, privatization, captive arrangements and transportation (including long haul trucking) insurance and reinsurance business. Certifications and affiliations: ARIAS-US Certified Arbitrator and Umpire, American Arbitration Association Neutral, International Centre for Dispute Resolution Neutral, International Chamber of Commerce (ICC) Neutral and AIRROC Neutral