Michael W. Pado
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:
  • Cell:
  • Email:
  • Website:
Offering Services as Expert Witness in:
Facultative Certificates, Insurance Underwriting, Reinsurance Underwriting, Errors and Omissions Claims, 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.

  • Attorney:
  • Education:
    Professional Licenses/Credentials:
    1. Society of Actuaries - FSA
    2. Academy of Actuaries - MAAA
    3. Rutgers University - 3 degrees - see below
  • Degrees:
    1. Digital Transformation - MIT Professional Education - 2021
    2. Mini-MBA (Supply Chain) - Rutgers Executive Education - 2017
    3. Executive MBA - Rutgers Graduate School of Management - 1994
    4. BSc. Mathematics - Rutgers University - 1978

  • 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.
Work Experience
  • Insurance Company: 5 years.
    Executive Officer (CEO, COO, CFO, Chief Actuary): 2 years. CEO
    Finance Department: 1 year. Financial reporting actuary
    Actuarial Department: 2 years. Group pensions, product profitability, field compensation
  • Reinsurance Company: 31 years.
    Executive Officer (CEO, COO, CFO, Chief Actuary): 21 years. CEO, CUO, SVP BD
    Actuarial Department: 10 years. Actuary
  • Insurance-related Firms: 3 years.
    Consultant: 3 years. Senior Consultant , Actuarial & Benefits Consulting
  • Independent/Other Relevant Experience: 4 years.
    Other : 4 years. Advisory Board Member to InsurTech start-ups
Breakdown of Experience
  • Life
  • Contract Wording
  • Regulatory/Licensing
By Market
  • U.S. Market:
  • Bermuda/Off-shore Market:
  • Global Market:

Insurance vs. Reinsurance: 20/80%
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.

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 and a Certificate in Digital Transformation from MIT Professional Education. I have deep experience in pricing, underwriting, claims, contract wording and retro.

I have been an active member of ARIAS-US since 2006.