Profile - ARIAS•U.S. - ARIAS•U.S.

Michael W. Pado

vCard

Overview
Experience
Biography

Use + and - to expand and collapse each section
Expand All
|
Collapse All

Current Employment

Company:

Convergence Re LLC
Position(s) and Responsibilities:

Convergence Re is a NJ-domiciled LLC that was formed in July of 2003 to enable me to engage in consulting and dispute resolution primarily relating to life reinsurance disputes and other matters. I am a Certified Neutral Arbitrator in good standing with ARIAS-US. I also serve as an expert consultant and witness from time to time, as appropriate.
Address:

321 Ocean Blvd.
Atlantic Highlands, NEW JERSEY 07716 United States
Phone:

646.221.5038
Cell:

646.221.5038
Email:

MikePado175@iCloud.com
Website:

www.ConvergenceReLLC.com

Offering Services as Expert Witness in:

Facultative Certificates, Reinsurance Underwriting, Reinsurance Claims, Actuarial, Audit / Records Inspection, Finite / Financial Reinsurance / Alternative Risk, Life Reinsurance, Reinsurance Contract Wording

Previous Employment

Company:

PartnerRe Life Reinsurance Company U.S.
Position(s) and Responsibilities:

President, CEO and Director

To lead and manage the U.S. life reinsurance operations of PartnerRe Ltd. (Bermuda) post acquisition. Helped to close the PartnerRe-Aurigen sale and to facilitate the transfer of ownership.

Company:

Aurigen USA Holdings Inc.
Position(s) and Responsibilities:

President, CEO and Director (U.S. Companies)
Executive Vice President, Aurigen Capital Ltd.

To lead and manage the US life reinsurance operations of Aurigen Capital Limited (Bermuda). Helped facilitate the sale of Aurigen Capital Limited to PartnerRe Ltd.

Company:

SCOR GLobal Life Reinsurance Company Americas
Position(s) and Responsibilities:

President, CEO and Director (2009-2011)

To lead and manage the life insurance and reinsurance operations of SCOR SE (Paris, France) in the Americas. This included the US, Canada and Latin America. engineered the restructuring of the company and helped facilitate the acquisition of XL Life Re by SGLUS.

Company:

XL Life Reinsurance Company of America
Position(s) and Responsibilities:

President and Director (2006-2009)

To lead and manage the US life reinsurance operations for XL Capital Ltd. (Bermuda).

Company:

Transamerica Reinsurance, Charlotte, NC
Position(s) and Responsibilities:

Senior Vice President – New Business Development (2004-2006)
Responsible for sales, marketing and market research of domestic life reinsurance. Also heavily involved with treaty terms and conditions, underwriting programs and claims practices.

Company:

AXA Corporate Solutions Life Reinsurance Company
Position(s) and Responsibilities:

President, CUO and Director (1998-2003)

Responsible for developing and implementing the strategic plan of the Company which focused on providing Variable Annuity, Individual Life, Group Life and Group LTD reinsurance coverages.

Company:

Swiss Re Life and Health, North America
Position(s) and Responsibilities:

Senior Vice President – Life Division (1985-1998)

Responsible for the Non-traditional Products Group which focused on Variable Annuity Reinsurance. Prior to that was responsible for the Ordinary Life line of business.

Credentials

Attorney:

No
Education:

Professional Licenses/Credentials:
1. Society of Actuaries - FSA
2. Academy of Actuaries - MAAA
3. Rutgers University - 3 degrees - see below
Degrees:

1, BSc. Mathematics - Rutgers University - 1978
2. Executive MBA - Rutgers Graduate School of Management - 1994
3. Mini-MBA (Supply Chain) - Rutgers Executive Education - 2017
Designations:

1. Fellow of the Society of Actuaries (FSA)
2. Chartered Enterprise Risk Analyst (CERA)
3. Certified Neutral Arbitrator - ARIAS
Other Information:

I serve as an expert consultant and witness from time to time, as appropriate.

Use + and - to expand and collapse each section
Expand All
|
Collapse All

Work Experience

Insurance Company: 3 years.
Finance Department: 1 year. Financial reporting actuary

Actuarial Department: 2 years. Group pensions, product profitability, field compensation
Reinsurance Company: 33 years.
Executive Officer (CEO, COO, CFO, Chief Actuary): 20 years.

Actuarial Department: 13 years.
Insurance-related Firms: 3 years.
Consultant: 3 years. Senior Consultant , Actuarial & Benefits Consulting
Independent/Other Relevant Experience: 2 years.
Other : 2 years. President & Managing Member

Breakdown of Experience

Life

60%
Contract Wording

30%
Regulatory/Licensing

10%

By Market

U.S. Market:

80%
Bermuda/Off-shore Market:

10%
Global Market:

10%

Insurance vs. Reinsurance: 15/85%
Treaty vs. Facultative Reinsurance: 90/10%
Former Insurance or Reinsurance Company Officer
Former Insurance or Reinsurance Company Director

ARIAS Experience

Ethics Training, as Trainee: 1; May 2010

ARIAS Conference Faculty: 1; Spring 2017

Arbitration Experience

Number of Arbitrations

As an Arbitrator: 1

Arbitrator Experience

Number of Arbitrations

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.

Biography

I am an ARIAS Certified Arbitrator in good standing and an experienced senior leader in the life reinsurance market. I began my insurance career in 1978 with the Travelers before moving over to reinsurance in 1985. I have served as CEO and a Board Member at AXA Re, XL Life Re, SCOR Global Life, Aurigen Re Life and most recently at PartnerRe Life. I am trained as an actuary (FSA), have earned the Chartered Enterprise Risk Analyst (CERA) designation and also have an MBA from Rutgers University. I have deep experience in pricing, underwriting, claims, contract wording and retro.

While I have served as an arbitrator on just one panel that reached an award, I have been selected/queried for a number of disputes that reached a settlement prior to the organizational meeting. I have also served as an Expert Consultant/Witness in a number of dispute resolutions.