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Profile
Fred G. Marziano
Current Employment
  • Company:
    CIM, Inc.
  • Position(s) and Responsibilities:

    Principal. Arbitrator, Umpire, Expert Witness and Litigation Support Consultancy Practice to Property and Casualty Insurance and Reinsurance Industry. Certified by ARIAS-US as an insurance/reinsurance arbitrator; qualified by U.S. District Courts as an expert witness.

    CIM, Inc. is a strategic management and consulting firm specializing in financial services organizations across reinsurance, insurance and investment banking sectors.

  • Address:
    116 New York Blvd.
    Sea Girt, NEW JERSEY 08750 United States
  • Phone:
    732-681-2947
  • Cell:
    732-768-5587
  • Email:
  • Website:
    www.fredmarziano.com; www.cim-co.com
Offering Services as Expert Witness in:
Automobile Underwriting, Casualty Underwriting, Directors and Officers Liability Underwriting, Excess of Loss Reinsurance Agreements, Facultative Certificates, Homeowners Underwriting, Insurance Underwriting, Liability Underwriting, Medical Malpractice Underwriting, Professional Liability Underwriting, Property Underwriting, Pro Rata / Quota Share Reinsurance Agreements, Reinsurance Underwriting, Workers Comp Underwriting, Automobile Claims, Insurance Claims, Liability Claims, Property Claims, Reinsurance Claims, Workers Compensation Claims, Audit / Records Inspection, Coverage / Contract Interpretation, Fronting Arrangements, Regulatory / Compliance, Reinsurance Contract Wording, Surplus Relief Contracts
Previous Employment
  • Company:
    CIM,Inc. 1999 - Present
  • Position(s) and Responsibilities:

    Principal, Consultancy Practice to Property and Casualty Industry; Arbitrator and Expert Witness.
    Lead this strategic management and consulting firm specializing in financial services organizations across insurance and investment banking sectors. Emphasis placed on strengthening a company’s overall operating performance, balance sheet and A.M. Best financial rating; Certified by ARIAS-US as an insurance/reinsurance arbitrator; provide litigation support in Insurance/Reinsurance disputes; qualified U.S. District and Superior Courts as an expert witness.

  • Company:
    Liberty Mutual Insurance, 1997 - 1999
  • Position(s) and Responsibilities:

    Founder/CEO/President of Liberty Mutual Agency Corp.(formerly Commercial Insurance Holdings) and SVP of Liberty Mutual Insurance Co.
    Built $multi-billion property/casualty business from the ground up, through acquisition and integration of several regional insurers, establishing the company as a major, credible insurer of small to mid-size commercial and personal accounts through independent agents, brokers and MGAs.

  • Company:
    Gerling Global Reinsurance Corp. of America, 1995 -1997
  • Position(s) and Responsibilities:

    President, CEO and Director
    Responsible for US property/casualty reinsurance operations for this international reinsurer.
    Created a new stand-alone US reinsurance corporation while restructuring and managing the previous US branch for “run-off.”
    Developed strategic, operating, marketing and investment plans.
    Secured support from owners, regulators and rating agencies, receiving AM Best "A- Excellent” rating for the start-up-company.
    Purchased and licensed new company.
    Managed international claims operation facilitating run-off recoveries and payments for both defunct and active companies.
    Positioned new company for acquisition of Constitution Re.

  • Company:
    Continental Insurance Company, 1987 - 1995
  • Position(s) and Responsibilities:

    President, Continental Insurance Companies, Executive Vice President, Continental Corporation, Chairman and CEO, Underwriter’s Adjusting Company.

    Responsible for two-thirds of corporation’s $4.4 billion property/casualty business written through independent agents, brokers and MGAs; a $460 million budget, encompassing all standard commercial and personal lines of business in the US and subsidiary companies in Canada and Hawaii and its industry-wide claim adjusting company.

    Returned the company to sustained profitability from a combined ratio of 123%.

    Reduced expense ratio 5.4 points while increasing customer satisfaction from 84 to 96%.

    Managed 2100-person nationwide Claims subsidiary, Underwriter’s Adjusting Company, which sold services to other insurers as well as self-insured entities.

  • Company:
    Firemans Fund Insurance Company, 1979 -1987
  • Position(s) and Responsibilities:

    Executive Vice President and Director

    Responsible for ceded reinsurance, structuring, negotiating and securing corporate reinsurance programs and treaties; Led $2 billion nationwide commercial insurance operation. Directed personal and commercial corporate underwriting policies and practices as Chief Underwriting Officer.
    Managed $259 million program to mass-market business written through a separate, controlled independent agent, broker and MGA distribution system.

  • Company:
    Aetna Casualty and Surety Co., 1966-1979
  • Position(s) and Responsibilities:

    Manager, Property and Casualty Insurance Division.

    Responsible for Property and Casualty sales, underwriting and risk management for northern California and southwestern (Houston, TX) regions.

    Various Field Management Positions
    Responsible for commercial and personal underwriting, marketing and related support services. Served in Oakland, San Francisco, Fresno, Detroit, Houston and Sacramento offices.

Credentials
  • Attorney:
    No
  • Education:
    Studied Business Administration at California State University
  • Degrees:
    Associate in Arts degree (Mathematics) from Chabot College in Hayward, California.
  • Designations:
    Certified Arbitrator, Umpire
  • Languages:
    English
  • Other Information:
    Having served as a Director of several public Boards of Directors and as executive consultant, I am qualified to advise and opine on duties, obligations and D and O exposures of Board Directors. Clients have included top-tier industry companies. Strategic management and consulting firm specializes in financial services organizations across reinsurance/insurance and investment banking sectors.
Work Experience
  • Insurance Company: 32 years.
    Underwriting Department: 16 years. Numerous underwriting and Undg. Mgmt. positions at Aetna Cas. & Surety Co.; Chief Underwritin Officer at Fireman
    Executive Officer (CEO, COO, CFO, Chief Actuary): 10 years. President, Continental Ins. Companies; President, CEO Agency Group, Liberty Mutual
    Claim Department: 2 years. CEO, Underwriters Adjusting Co.
    Ceded Reinsurance Department: 4 years. Chief Underwriting Officer, Fireman
  • Reinsurance Company: 2 years.
    Executive Officer (CEO, COO, CFO, Chief Actuary): 2 years. President & CEO of Gerling Global Reinsurance Corp. of America
  • Independent/Other Relevant Experience: 20 years.
    Independent/Unaffiliated Arbitrator, Umpire and/or Mediator: 20 years. expert witness, arbitrator, umpire and litigation support consultant..
Breakdown of Experience
  • Workers' Compensation
    15%
  • Personal Lines
    12%
  • MGA/MGU
    10%
  • Automobile Liability/Property
    10%
  • Commercial Liability
    10%
  • Commercial Property
    8%
  • Contract Wording
    5%
  • Directors &, Officers
    4%
  • Third Party Administrator
    4%
  • Professional Liability/Errors &, Omissions
    4%
  • Product Liability
    4%
  • Captives/Risk Retention Groups
    3%
  • Catastrophes (Casualty)
    3%
  • Catastrophes (Property)
    3%
  • Ocean Marine
    3%
  • Excess/Surplus Lines
    1%
  • Commutations
    1%
By Market
  • U.S. Market:
    90%
  • U.K. Market:
    3%
  • Bermuda/Off-shore Market:
    1%
  • European Market:
    1%
  • Global Market:
    5%

Insurance vs. Reinsurance: 83/17%
Treaty vs. Facultative Reinsurance: 98/2%
Former Insurance or Reinsurance Company Officer
Former Insurance or Reinsurance Company Director

ARIAS Experience

ARIAS Committees: 6 years

Workshops, as Trainee: 2; February 2004, September 2004

Ethics Training, as Trainee: 1; February 2009

ARIAS Conference Faculty: 4; Spring 2005; Spring 2012, Spring 2016, Spring 2017

Arbitration Experience

Number of Arbitrations

As an Arbitrator: 23

As an Umpire: 15

As Employee Manager: 5

As Corporate Representative: 2

Arbitrator Experience
Number of Arbitrations
8
Appointed as an arbitrator.
4
Acted as an arbitrator through the organizational meeting or the arbitration has only reached this stage.
3
Acted as an arbitrator through the organizational meeting or the arbitration has only reached this stage and the resolution of significant pre-hearing motions.
1
Acted as an arbitrator through 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 an evidentiary hearing of at least 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 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
3
Appointed as an umpire.
2
Acted as an umpire through the organizational meeting or the arbitration has only reached this stage.
3
Acted as an umpire through the organizational meeting or the arbitration has only reached this stage and the resolution of significant pre-hearing motions.
2
Acted as an umpire through 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 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.
4
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.
Employee Manager Experience
Number of Arbitrations
1
Employee Manager of arbitration through the organizational meeting or the arbitration has only reached this stage as well as significant motions before the panel, panel consultations, and interim awards, but not through the hearing briefs.
2
Employee Manager of arbitration through evidentiary hearing of at least one full day and less than three full days regarding the substantive merits of the parties' dispute.
2
Employee Manager of arbitration through evidentiary hearing of at least three full day regarding the substantive merits of the parties' dispute.
Company Representative Experience
Number of Arbitrations
2
Company Representative in arbitration through evidentiary hearing of at least three full days regarding the substantive merits of the parties' dispute.
Biography

Fred Marziano is an industry expert with a broad range of expertise derived from more than 50 years in the property and casualty insurance/reinsurance industry. Served professionally as CEO and President of nationwide insurance, reinsurance and claim adjusting companies; achieved dramatic turnarounds of two companies and built a third from zero to $2.3 billion in just two years, served as an underwriter, policy draftsman and consultant throughout the financial services community; Certified by ARIAS-US as an arbitrator for dispute resolutions, has served in almost 100 cases as an arbitrator, umpire and expert witness in complicated legal matters

Fred has assessed more than 85 property and casualty insurers while in the process of acquiring, building and restructuring companies. He knows what to look for in evaluating fiscal and operational strength and how to restore strength when difficulties arise. In transforming the companies he ran and advised, Fred introduced new products and channels, drove down combined ratios, drastically improved customer satisfaction and financial results and managed several mergers and acquisitions.

Fred has served on the boards and/or executive committees of numerous industry organizations and companies, including the American Institute for Chartered Property and Casualty Underwriters, Insurance Services Office, Reinsurance Association of America, National Council on Compensation Insurance, Association of California Ins. Companies, Fireman’s Fund Ins. Company, Golden Eagle Ins. Co., Colorado Casualty Ins. Co.; Public Service Mutual Ins.