Michael DeKoning
Personal Information
Credentials
  • Attorney:
    No
  • Education:
    FSA and FCIA - 1994 University of Toronto - Bachelor of Science in Actuarial Science, with additional Major in Econmics
  • Certified Arbitrator:
    Yes
Work Experience
Current director of an insurance or reinsurance company: No
Former director of an insurance or reinsurance company: Yes
Current officer of an insurance or reinsurance company: No
Former officer of an insurance or reinsurance company: Yes

Insurance Company: Manulife, Allstate, Thrivent
Insurance Company: Executive Officer (CEO, COO, CFO, Chief Actuary), Actuarial Department

Reinsurance Company: Manulife, Munich Re
Reinsurance Department: Executive Officer (CEO, COO, CFO, Chief Actuary), Actuarial Department

Breakdown of Experience
Accident & Health: Personal Accident, Medical Stop Loss, MGU, Workers Comp Carveout, Aviation bodily injury carveout, Life Cat Covers
Alternative/ Self Insurance/ Risk Management: Self insurance experience in the employee benefits space. Risk Management from a insurance company and reinsurer perspective.
Captives/Risk Retention Groups: Extensive use of captives and internal retrocession/reinsurance for capital management and risk management purposes
Contract Wording: Extensive experience with Life reinsurance treaty terms, construction and conditions
Disability: I ran the largest group and individual disability reinsurer as well as an employee benefits business and an insurance company that sold individual disability
Healthcare: Supplemental Health Products (critical illness, accident, hospital indemnity) and medical stop loss.
International: Ran Manulife's Global Life Retrocession business.
Life: 25+ years of Life reinsurance experience from a ceding company, reinsurer and retrocession perspective. Extensive experience with underwriting, pricing, claims and binding limit issues as well as rate setting and rate increase situations
Lloyd's: Personal Accident business only.
London Company Market: Personal Accident and Workers Comp Carveout markets in the late 1990s only
Long Term Disability: Ran the largest US Life reinsurer of Group Disability with an MGU partner.
MGA/MGU: experience with A&H MGU practices and partnerships
Regulatory/Licensing: Extensive understanding of Life reinsurance regulatory issues
Third Party Administrator: Limited experience with MGUs and TPAs supporting the Life runoff market and the Personal Accident market.
Workers' Compensation: Extensive experience with Workers comp carveout issues of the late 1990s
By Market
Bermuda/Off- Shore Market: 1-25%
U.K. Market: 1-25%
U.S. Market: 75-100%
ARIAS Experience
Workshops, as Trainee: Yes
Biography
I am an actuary with more than 35 years of experience in the Life and A&H Reinsurance and insurance business. I have managed many arbitration proceedings from the business side and acted as a fact witness in a Life Reinsurance arbitration.

I have deep experience in individual and group life, disability, long-term care and annuity lines of business, from both an insurer and reinsurer perspective, across multiple geographies, regulatory and capital management frameworks. My experience covers pricing, underwriting, treaty, administrative and operational management aspects of Life and A&H reinsurance from both the ceding company and reinsurer perspective.