Profile
Jeremy R. Wallis
Current Employment
  • Company:
    Self-employed Consultant/Arbitrator since 2000
  • Position(s) and Responsibilities:

    Arbitrator, consultant and litigation support assignments. In addition to other consulting and arbitration assignments, as a consultant he is presently the Executive Director of the international reinsurance industry trade association, IRU, Inc. better known as the Intermediaries and Reinsurance Underwriters Association, or IRUA. From 2000 to late 2011 until retiring he managed the run-off of the Chatham portfolio at Mapfre Re.

  • Address:
    278 Lincoln Street
    Berkeley Heights, NEW JERSEY 07922-1153
  • Phone:
    973-723-3756
  • Email:
  • Website:
    www.wallisresolutions.com
Previous Employment
  • Company:
    Chatham Reinsurance Corporation and affiliated and predecessor companies, 1985-2000
  • Position(s) and Responsibilities:

    Member of the Board of Directors of Chatham Reinsurance Corporation and affiliated holding and management companies, President and Chief Executive Officer.

  • Company:
    Mercantile & General Reinsurance Company of America, 1973-1985
  • Position(s) and Responsibilities:

    Vice President & Corporate Secretary of M&G America and of affiliated company; Director of Toa Re-Insurance Company of America. Treaty underwriting (assumed and ceded), corporate secretarial responsibilities.

  • Company:
    Mercantile & General Reinsurance Co., Ltd., 1965-1973
  • Position(s) and Responsibilities:

    Superintendent at M&G London with UK and international experience in Property, Ocean Marine and Aviation business.

Credentials
  • Attorney:
    No
  • Education:
    Chartered Insurance Institute, London, England; Former ABA Associate member - TIPS, ADR Section member.
  • Designations:
    Associate of the Chartered Insurance Institute, London, England (A.C.I.I.); Chartered Insurer
  • Other Information:
    Formerly an expert consultant / witness - 15 assignments completed but due to time pressures no longer offering availability as an expert witness.
    Former Director of Intermediaries & Reinsurance Underwriters Association, Member of Journal of Reinsurance & Association Governance committees and now serving (as a consultant) as the IRUA's Executive Director.
Work Experience
  • Reinsurance Company: 35 years.
    Underwriting Department: 20 years. VP & Corporate Secretary
    Executive Officer (CEO, COO, CFO, Chief Actuary): 15 years. President & CEO
  • Independent/Other Relevant Experience: 21 years.
    Independent/Unaffiliated Arbitrator, Umpire and/or Mediator: 21 years. Arbitrator, Umpire, Consultant
Breakdown of Experience
  • Catastrophes (Property)
    8%
  • Accident & Health
    5%
  • Third Party Administrator
    5%
  • Personal Lines
    5%
  • Ocean Marine
    5%
  • MGA/MGU
    5%
  • Agricultural
    5%
  • Energy
    5%
  • Contract Wording
    5%
  • Commercial Property
    5%
  • Fidelity &, Surety
    5%
  • Aviation
    5%
  • Automobile Liability/Property
    5%
  • Workers' Compensation
    3%
  • Environmental/Pollution
    3%
  • Regulatory/Licensing
    3%
  • Captives/Risk Retention Groups
    3%
  • Asbestos
    3%
  • Catastrophes (Casualty)
    3%
  • Product Liability
    2%
  • Commercial Liability
    2%
  • Excess/Surplus Lines
    2%
  • Commutations
    2%
  • Bad Faith/ECO
    2%
  • Directors &, Officers
    1%
  • Finite
    1%
  • Professional Liability/Errors &, Omissions
    1%
  • Employment Practices Liability
    1%
By Market
  • U.S. Market:
    75%
  • U.K. Market:
    20%
  • Bermuda/Off-shore Market:
    5%

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

ARIAS Experience

Workshops, as Faculty: 1; October 2013

Workshops, as Trainee: 1; January 2001

Ethics Training, as Trainee: 1; June 2009; October 2011

ARIAS Conference Faculty: 1; Spring 2017

Arbitration Experience

Number of Arbitrations

As an Arbitrator: 59

As an Umpire: 40

As Corporate Representative: 2

Arbitrator Experience
Number of Arbitrations
32
Appointed as an arbitrator.
7
Acted as an arbitrator through the organizational meeting or the arbitration has only reached this stage.
6
Acted as an arbitrator through the organizational meeting or the arbitration has only reached this stage and the resolution of significant pre-hearing motions.
9
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.
5
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
6
Appointed as an umpire.
9
Acted as an umpire through the organizational meeting or the arbitration has only reached this stage.
11
Acted as an umpire through the organizational meeting or the arbitration has only reached this stage and the resolution of significant pre-hearing motions.
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.
6
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
1
Appointed to act as Company Representative.
1
Company Representative in arbitration through the organizational meeting or the arbitration has only reached this stage.
Biography

Mr. Wallis has been active in the reinsurance world for over 5 decades, the last 21 + years of which, primarily, as a reinsurance consultant active in arbitration matters and, most recently, in a consultancy capacity as Executive Director of the international reinsurance industry association, IRU, Inc., better known as the Intermediaries & Reinsurance Underwriters Association, or IRUA.

Initially appointed in September 2012 as Interim Executive Director, he was named Executive Director in November 2013. This consulting assignment extends his connection with the IRUA ( see www.irua.org) as he previously served as a board member for the previous 15 years. IRUA is the original reinsurance trade association specializing in ongoing educational activities at all experience levels for both domestic and international reinsurance market participants. In addition, the IRUA offers a Scholars program whereby interns at member companies may apply to submit an essay on a re(in)insurance themed topic and potentially win a substantial cash award. As a result of this involvement he remains current in the present P&C reinsurance marketplace and environment.

From 2000 until he retired in late 2011 he was engaged as a consultant by Mapfre Re primarily managing the Chatham Re legacy portfolio. He was also involved in several corporate projects including the establishment of the operation in Canada.

His active business experience is heavily underwriting focused from both a U.S. and U.K. background and in addition, he has extensive experience in senior management and corporate affairs. Also, from his experience managing the Chatham Re run-off he has developed extensive experience in claims matters, including commutations and ADR.

He has been appointed as an arbitrator or umpire (or sole arbitrator) by cedants and reinsurers/retrocessionaires located in the U.S., U.K., Continental Europe and Asia. His past consulting, litigation support and expert witness work has, in addition, included engagements on behalf of primary insureds and captive companies.

Additonal information may be found at his website: www.wallisresolutions.com