Insurance vs. Reinsurance: 30/70%
Treaty vs. Facultative Reinsurance: 60/40%
Current Insurance or Reinsurance Company Officer
Number of Arbitrations
As an Arbitrator: 11
As an Umpire: 3
As Employee Manager: 1
As Corporate Representative: 5
Kathleen Karnell is an attorney, claim professional and certified ARIAS arbitrator with over 33 years in the insurance and reinsurance industry. She currently is a Vice President at Transatlantic Reinsurance Company (TransRe) in Stamford, Connecticut where she manages claims arising from the company's casualty business. Prior to joining TransRe, Ms. Karnell was Vice President of Claims at Tokio Millennium Re (TMR) in Bermuda, where she was responsible for the management of all multi-line claims arising out of the company’s US reinsurance portfolio. Lines of business included Property, Commercial Auto, General Liability, Commercial Umbrella and Excess, Workers’ Compensation, Miscellaneous Professional Liability, and Medical Malpractice. Ms. Karnell also managed all coverage disputes and arbitrations filed against the company.
Prior to TMR, Ms. Karnell was employed at General Re for twenty years, her last position as Vice President, Claim Attorney. As Claims Attorney, she managed coverage disputes and arbitrations, as well as Declaratory Judgment Actions filed against the company, particularly on claims involving environmental and asbestos losses. She began her career at General Re as a Claim Executive managing a multi-line claim portfolio which included operational, prospective and active claim reviews. As part of Best Practices, she provided training to external and internal clients, and authored white papers on various topics, including New York Labor Law.
Ms. Karnell began her insurance career with Travelers Insurance as an outside claim adjuster in New York in 1986, handling all casualty lines of business. She was promoted to the position of Home Office Examiner where she supervised, trained and provided claim authority to five field offices.
Ms. Karnell is admitted to practice law in New York and California, and has obtained her CPCU and ARe designations. She received her JD from Golden Gate University, School of Law in 1984, and her undergraduate degree from Mills College in 1981.