Insurance vs. Reinsurance: 60/40%
Treaty vs. Facultative Reinsurance: 90/10%
Former Insurance or Reinsurance Company Officer
Former Insurance or Reinsurance Company Director
Workshops, as Trainee: 1; September 2006
Ethics Training, as Trainee: 1; March 2010
Number of Arbitrations
As an Arbitrator: 30
As an Umpire: 3
As Employee Manager: 3
As Corporate Representative: 3
Charley Barr is an attorney, underwriter, expert witness and consultant with over 35 years of in-house experience – 25 at the General Counsel C-Suite level – at P/C, Life and Financial Guaranty re/insurers, two intermediaries and a derivatives dealer. Drafted Variable Universal Life and Deferred Variable Annuity policies and private-placement memoranda.
Mr. Barr worked over 20 years at insurers (General Accident, Reliance, CU, Reliance Life, LWCC, Navigators), over 15 years at reinsurers (General Re, XL Capital, Ariel Re, Cologne Life Re) and 2 years as General Counsel of Benfield-US. He was a commercial casualty underwriter for Aetna Life/Casualty, is a CPCU and is a member of the bar in CT and MA.
While General Counsel of General Re he supervised multi-million dollar assumed reinsurance disputes and retro collections. He handled the acquisition of Cologne Re, National Re, and New England Asset Management and formed/capitalized Tempest Re. He formed and tax-planned General Re Financial Products, a global derivatives dealer. He supervised 25 lawyers providing global advice to P/C and life re/insurers and operating advice for derivatives and asset managers. He managed the 1997 Second Circuit reversal of a mail fraud conviction of a subsidiary. He extricated Cologne Life Re from the Unicover Pool and as its retrocessionaire of WC carve-out.
At XL Capital he supervised global disputes with policyholders and cedents and collections of both risk and finite reinsurance. He restructured the US inter-company reinsurance pool and its cession to Bermuda affiliates, oversaw global tax planning and developed hybrid reinsurance/derivative contracts. He managed the interaction with the NY Attorney General’s inquiry into PSAs and allegations of bid-rigging and the SEC and DOJ inquiries into Offshore Reinsurance, Finite Re and Municipal GICs.
He has drafted policy language for Excess and Surplus, specialty and variable life/annuity insurers and reinsurance terms and conditions for Benfield and reinsurers, including risk and finite treaties and ILWs. He has managed issues with MGA/MGUs and books of business and has drafted employment contracts and restrictive covenants.