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Aaron B. Stern
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Current Employment
  • Company:
    Stern A. B. Inc.
  • Position(s) and Responsibilities:

    President of insurance and reinsurance consulting firm, providing services as arbitrator, expert witness and litigation consultant. Also responsible for development and implementation of underwriting and operational audits, catastrophe claim management and supervision of reinsurance run-off management.

  • Address:
    40 Tamarack Place
    Briarcliff Manor, NEW YORK 10510
  • Phone:
    914-923-3343
  • Cell:
    646-207-2214
  • Fax:
    914-923-3306
  • Email:
    sternab@aol.com
Offering Services as Expert Witness in:
Excess of Loss Reinsurance Agreements, Facultative Certificates, Fidelity/Surety Underwriting, Insurance Underwriting, Marine and Inland Marine Underwriting, Miscellaneous Bonding Underwriting, Property Underwriting, Reinsurance Underwriting, Workers Comp Underwriting, Accident and Health Claims, Fidelity/Surety Claims, Inland Marine Claims, Property Claims, Surety Claims, Reinsurance Claims, Workers Compensation Claims, Audit / Records Inspection, Commutations, Derivative Contracts, Credit Default Contracts, Financial Guarantees, Finite / Financial Reinsurance / Alternative Risk, Industry Loss Warranties, Mortgage Reinsurance
Previous Employment
  • Company:
    AXA Corporation Solutions Reinsurance Company
  • Position(s) and Responsibilities:

    President & CEO, Alternative Risk Transfer ("sµART") Division. Global Underwriting Class Manager for alternative and financial risks across all group entities in insurance and reinsurance. Member of the Board of AXA Re Finance, AXA Corporate Solutions Life Reinsurance Company, AXA Corporate Solutions Insurance Company and RISC Limited.

  • Company:
    Guaranty Holdings Corp.
  • Position(s) and Responsibilities:

    President, CEO & CFO and member of the Board for holding company and its operating subsidiaries specializing in financial & mortgage guaranty reinsurance and insurance:
    Guaranty RE Insurance Company,
    Nantucket Reinsurance Company Ltd.,
    Residual Value Management Corp.
    Old Republic Financial Guaranty Underwriters, Inc. The later two entities were managing general agents for Old Republic Insurance Company.

Credentials
  • Attorney:
    No
  • Other Information:
    Completed Mediator Training Course - July 2009;
    Member, Industry Advisory Committee to the Financial Guaranty Study Group, NAIC, to develop and draft Model Act;
    Founding Director & Vice President, Association of Financial Guaranty Insurors;
    Co-author of "The Emerging Asset Class: Insurance Risk";
    Licensed Property & Casualty Broker, New York & Illinois; Licensed Excess & Surplus Lines Broker, NY
Work Experience
  • Reinsurance Company: 9 years.
    Underwriting Department: 3 years. Global Underwriting Class Manager
    Executive Officer (CEO, COO, CFO, Chief Actuary): 7 years. CEO, CFO
  • Insurance-related Firms: 26 years.
    Consultant: 12 years. President & CEO , Expert Witness, Litigation Consulting, Underwriting & Operational Audits
    Broker: 4 years. Vice President , Surety & Financial Guaranty
    Broker: 10 years. President & CEO , Managing General Agency Operations
  • Independent/Other Relevant Experience: 10 years.
    Independent/Unaffiliated Arbitrator, Umpire and/or Mediator: 10 years. Arbitrator
Breakdown of Experience
  • Financial Guarantee
    28%
  • Catastrophes (Property)
    20%
  • MGA/MGU
    15%
  • Accident & Health
    5%
  • Finite
    5%
  • Excess/Surplus Lines
    5%
  • Fidelity &, Surety
    5%
  • Workers' Compensation
    5%
  • Life
    3%
  • Automobile Liability/Property
    3%
  • Commutations
    3%
  • Long Term Disability
    3%
By Market
  • U.S. Market:
    50%
  • U.K. Market:
    10%
  • Bermuda/Off-shore Market:
    20%
  • European Market:
    20%

Insurance vs. Reinsurance: 33/67%
Treaty vs. Facultative Reinsurance: 95/5%

Mediation Experience
  • Number of Mediations
    As Mediator: 1
ARIAS Experience

Workshops, as Trainee: 1; February 2004; September 2004

Ethics Training, as Trainee: 1; January 2010

ARIAS Conference Faculty: 1; Spring 2017

Arbitration Experience

Number of Arbitrations

As an Arbitrator: 33

As an Umpire: 5

As Employee Manager: 3

As Corporate Representative: 2

Arbitrator Experience
Number of Arbitrations
11
Appointed as an arbitrator.
5
Acted as an arbitrator through the organizational meeting or the arbitration has only reached this stage.
12
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 three full days regarding the substantive merits of the parties' dispute.
Umpire Experience
Number of Arbitrations
1
Appointed as an umpire.
1
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.
1
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.
1
Employee Manager of arbitration through pre-hearing briefs.
1
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.
Company Representative Experience
Number of Arbitrations
1
Company Representative in arbitration through pre-hearing briefs.
1
Company Representative in arbitration through evidentiary hearing of at least three full days regarding the substantive merits of the parties' dispute.
Biography

Aaron B. Stern has more than 45 years of experience in virtually all aspects of insurance and reinsurance. As President of Stern A. B. Inc., he serves as an arbitrator, expert witness, litigation consultant, performs underwriting, claims and operations audits and provides run-off management services.

Mr. Stern displays a unique capacity to integrate the diverse knowledge and experience gained across his expansive career. His experience includes developing and underwriting specialty insurance products, serving as senior executive of insurance and reinsurance companies involved in mortgage and financial guaranty, residual value, credit and surety, alternative risk transfer, and structured coverages bridging the insurance and capital markets. His diverse background, training, and hands-on experience in accounting, finance, tax and regulation with respect to the U.S., U.K., Bermuda, and other international insurance jurisdictions enables him to bring an unparalleled perspective to assignments.

Previous positions have included President & CEO of the ART Division of AXA Corporate Solutions serving as Underwriting Class Manager for alternative and financial risks; organizing and raising capital for two Bermuda catastrophe reinsurers; underwriting manager for St. Paul Re for “weather derivative” insurance; consultant for Guy Carpenter, providing strategic advice related to insurance risk securitization; CEO of Normandy Re Limited transforming derivatives into reinsurance coverages; Director of Guy Carpenter Advisors, Inc. providing innovative reinsurance and capital market solutions for insurance risk; CEO of Guaranty Holdings Corp. and its subsidiaries developing, marketing, and underwriting innovative financial guaranty programs.

He holds various licenses and has held membership appointments to industry committees and associations. He has coordinated publication of a financial industry textbook and co-authored “The Emerging Asset Class: Insurance Risk.”