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Profile
Bina T. Dagar
Current Employment
  • Company:
    Ameya Consulting, LLC
  • Position(s) and Responsibilities:

    President – Provide technical, analytical and business development advisory and consulting services to insurance and reinsurance companies in the areas of underwriting, claims and marketing; and dispute resolution services as mediator and arbitrator.

  • Address:
    25 Cedar Parkway North
    Livingston, NEW JERSEY 07039
  • Phone:
    973-716-9496
  • Fax:
    973-716-0019
  • Email:
  • Website:
    www.ameyaconsulting.com
Previous Employment
  • Company:
    Everest Reinsurance Company
  • Position(s) and Responsibilities:

    Vice President – Responsible for management, underwriting, marketing and contract wordings/ interpretation of domestic, home/foreign and international treaties; new market development including strategic planning, budgeting and reporting.

  • Company:
    SCOR Reinsurance Company
  • Position(s) and Responsibilities:

    Assistant Vice President – Responsible for management of domestic and home/foreign treaties, SCOR’s Political Risk Underwriting Agency plus a portfolio of Political Risk/Export Credit reinsurance business; and assumed retrocessions of treaty and facultative business.

  • Company:
    CIGNA Corporation
  • Position(s) and Responsibilities:

    Various positions in CIGNA International’s ceded reinsurance department managing cessions of internal treaties, reinsurance recoveries and disputes over Casualty, Political Risk and Export Credit runoff business; and CIGNA Systems’ department as management consultant responsible for operational, management, and production evaluations of worldwide subsidiary operations.

Credentials
  • Attorney:
    No
  • Education:
    Professional Reinsurance Certification from the College of Insurance/St. John's University;
    Certification, Member of Chartered Institute of Arbitrators, London, UK;
    Completed 40 hours of Mediation Training-Institute for Mediation and Conflict Resolution.
  • Degrees:
    Bachelor of Arts, magna cum laude - University of Pennsylvania;
  • Designations:
    Member, Chartered Institute of Arbitrators (MCIArb)
    Member of ARIAS-US
    AAA Commercial
    CPR Panel of Neutrals
  • Other Information:
    Authored articles on reinsurance underwriting;
    Participated on panel discussions on reinsurance underwriting and arbitrations;
    Served on Board of Advisors of the Association of Professional Insurance Women (APIW) - 2006-2018;
    Serves on Publications Committee of the Association of Insurance and Reinsurance Runoff Companies (AIRROC);
    Participated on the Ethics Committee and International Committee of ARIAS-U.S.; and
    .
Work Experience
  • Insurance Company: 4 years.
    Underwriting Department: 1 year. Manager, CIGNA International
    Ceded Reinsurance Department: 1 year. Manager, CIGNA International
    Underwriting/Claims Auditing:2 years. Manager, CIGNA International Systems
  • Reinsurance Company: 19 years.
    Underwriting Department: 19 years. Vice President and Unit Head
  • Independent/Other Relevant Experience: 20 years.
    Other : 4 years. Independent Consultant
    Independent/Unaffiliated Arbitrator, Umpire and/or Mediator: 16 years. Certified Arbitrator, Mediator, Independent Consultant and Expert Witness
Breakdown of Experience
  • Commercial Property
    20%
  • Catastrophes (Property)
    15%
  • Catastrophes (Casualty)
    10%
  • Commercial Liability
    10%
  • Contract Wording
    7%
  • Product Liability
    7%
  • Political Risk
    5%
  • Commutations
    3%
  • MGA/MGU
    2%
  • Personal Lines
    2%
  • Employment Practices Liability
    2%
  • Directors &, Officers
    2%
  • Construction Defects
    2%
  • Workers' Compensation
    2%
  • Asbestos
    2%
  • Captives/Risk Retention Groups
    1%
  • Bad Faith/ECO
    1%
  • Professional Liability/Errors &, Omissions
    1%
  • Third Party Administrator
    1%
  • Environmental/Pollution
    1%
  • Excess/Surplus Lines
    1%
  • Finite
    1%
  • Ocean Marine
    1%
  • Alternative/Self-Insurance/Risk Management
    1%
By Market
  • U.S. Market:
    48%
  • U.K. Market:
    15%
  • Bermuda/Off-shore Market:
    2%
  • European Market:
    25%
  • Global Market:
    10%

Insurance vs. Reinsurance: 15/85%
Treaty vs. Facultative Reinsurance: 80/20%

Mediation Experience
  • Number of Mediations
    As Mediator: 5
ARIAS Experience

Workshops, as Trainee: 1; February 2004

Ethics Training, as Trainee: 1; January 2010

ARIAS Conference Faculty: 3; Fall 2005, Spring 2008, Spring 2012

Arbitration Experience

Number of Arbitrations

As an Arbitrator: 21

As an Umpire: 7

Arbitrator Experience
Number of Arbitrations
12
Appointed as an arbitrator.
2
Acted as an arbitrator through the organizational meeting or the arbitration has only reached this stage.
1
Acted as an arbitrator through the organizational meeting or the arbitration has only reached this stage and the resolution of significant pre-hearing motions.
5
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.
1
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
1
Appointed as an umpire.
4
Acted as an umpire through the organizational meeting or the arbitration has only reached this stage.
1
Acted as an umpire through the organizational meeting or the arbitration has only reached this stage and the resolution of significant pre-hearing motions.
1
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.
Biography

Bina Dagar is an independent arbitrator and mediator and is serving on several panels including ARIAS U.S., the International Center for Conflict Prevention and Resolution (CPR), American Arbitration Association, and the New Jersey Association of Professional Mediators (NJAPM).
Ms. Dagar has an extensive background in providing creative solutions to insurance/ reinsurance clients to achieve competencies, minimize/mitigate losses, and enhance profit.
During her more than 35 years of experience in the insurance/reinsurance industry, Ms. Dagar has developed a broad range of business capabilities. She has overseen the successful resolution of company management/operational issues, especially relating to claims matters; audited MGA's for adherence to claims and underwriting, operational and functional guidelines as well as for compliance with agreed terms and conditions; and successfully resolved outstanding balances on runoff matters.
Ms. Dagar has held positions with Munich Re, CIGNA, SCOR Re and Everest Re. As a senior underwriter, she has handled a varied book of business ranging from multi-line to straight property and casualty lines, all with responsibility to enhance the division's overall returns. During that time, she maintained responsibility for underwriting/pricing and auditing complex books of business ranging from main-street casualty to professional liability, products recall and political risk. Additionally, Ms. Dagar has designed and priced reinsurance structures for worldwide operations.

Ms. Dagar is a past board member of the Association of Professional Insurance Women (APIW); and she serves on the Publication Committee of the Association of Insurance & Reinsurance Runoff Companies (AIRROC). Ms. Dagar has authored articles and speaks at industry conferences on the subjects of reinsurance and arbitration.

Ms. Dagar holds a B.A.(magna cum laude) from the University of Pennsylvania.