Profile
Elaine A. Caprio
Current Employment
  • Company:
    Caprio Consulting And Coaching LLC
  • Position(s) and Responsibilities:

    President: Providing party appointed or neutral arbitration services and mediation services to the insurance and reinsurance industries. Core competencies include:

    • Property & Casualty Reinsurance Treaty Placement
    • Catastrophe Bonds and Swaps
    • Global Broker & Reinsurer Management
    • Property & Casualty Insurance and Reinsurance Contract Wording
    • Risk Management (Credit Risk)
    • Corporate Governance
    • Procurement Transformation

  • Cell:
    617-833-9576
  • Email:
  • Website:
    www.caprioconsulting.com
Previous Employment
  • Company:
    Liberty Mutual Insurance
  • Position(s) and Responsibilities:

    Vice President and Manager of Ceded Reinsurance: Revolutionized unit by coordinating group-wide risk management strategies, standardizing contract wording, developing an internal reinsurance system and leveraging purchasing power. Mitigated credit risk; established risk tolerance and purchased business unit and corporate reinsurance protection, including treaties and catastrophe bonds. Set group-wide reinsurance standards for reinsurer selection and concentration, collateral, reinsurance contract administration, and intermediary performance.

  • Company:
    Liberty Mutual Insurance
  • Position(s) and Responsibilities:

    Senior Corporate Counsel: Selected to pioneer new reinsurance counsel position. Strategically advised departments worldwide on ceded or assumed facultative, treaty and retrocessional reinsurance matters. Provided legal advice to clients regarding credit risk, collateral quality, reinsurance contracts and reinsurance accounting issues. Handled reinsurance arbitrations, analyzed coverage issues, drafted and negotiated reinsurance-related contracts. Advised on insolvencies and schemes of arrangement.

  • Company:
    Liberty Mutual Insurance
  • Position(s) and Responsibilities:

    Counsel: Managed multimillion-dollar products and non-products pollution, toxic tort, silica and asbestos disputes and bad faith claims; assessed litigation risk, priced exposure, developed and implemented appropriate case strategy. Drafted discovery, pleadings, dispositive motions, settlement agreements and appellate briefs; defended employee depositions; assisted with trials and mediations; actively negotiated favorable settlements. Developed and implemented claims handling and underwriting training. Assisted underwriting with assessment of prospects and renewals; drafted general liability policy language.

  • Company:
    Liberty Mutual Insurance
  • Position(s) and Responsibilities:

    Vice President and Manager, Corporate Procurement: Transformed a decentralized procurement, sourcing and supplier management operation by coordinating the formation of a group-wide procurement governance mechanism, Procurement Best Practices, data repository for planning and analysis, and a leadership team charged with innovation, stakeholder collaboration and change management.

Credentials
  • Attorney:
    Yes
  • Education:
    Suffolk University Law School, JD;
    Providence College, BA, Humanities
    Pepperdine University School of Law, Straus Institute for Dispute Resolution, Mediator Training
  • Designations:
    ARIAS-U.S. Certified Arbitrator
    ARIAS-U.S. Qualified Mediator
    Panelist: American Arbitration Association National Roster of Arbitrators
    Panelist: American Arbitration Association National Roster of Mediators
    Mediation Works Incorporated Mediator
Work Experience
  • Insurance Company: 25 years.
    Legal Department: 18 years. Counsel and Senior Corporate Counsel
    Ceded Reinsurance Department: 6 years. Vice President and Manager of Ceded Reinsurance
    Human Resources and Administration:2 years. Vice President and Manager of Corporate Procurement
  • Independent/Other Relevant Experience: 5 years.
    Independent/Unaffiliated Arbitrator, Umpire and/or Mediator: 5 years. President, Caprio Consulting And Coaching LLC
Breakdown of Experience
  • Contract Wording
    9%
  • Catastrophes (Property)
    8%
  • Environmental/Pollution
    8%
  • Asbestos
    8%
  • Insolvencies
    5%
  • Product Liability
    5%
  • Commutations
    5%
  • Commercial Property
    5%
  • Workers' Compensation
    5%
  • Catastrophes (Casualty)
    5%
  • Alternative/Self-Insurance/Risk Management
    5%
  • Bad Faith/ECO
    4%
  • Toxic Tort
    4%
  • Commercial Liability
    3%
  • MGA/MGU
    3%
  • Personal Lines
    3%
  • Captives/Risk Retention Groups
    2%
  • Excess/Surplus Lines
    2%
  • Third Party Administrator
    2%
  • Professional Liability/Errors &, Omissions
    2%
  • Directors &, Officers
    2%
  • Construction Defects
    2%
  • Regulatory/Licensing
    2%
  • Employment Practices Liability
    1%
By Market
  • U.S. Market:
    25%
  • U.K. Market:
    25%
  • Bermuda/Off-shore Market:
    25%
  • European Market:
    25%

Insurance vs. Reinsurance: 50/50%
Treaty vs. Facultative Reinsurance: 75/25%

Mediation Experience
  • Number of Mediations
    As Mediator: 21
    As Counsel: 2
ARIAS Experience

Officer: 6 years

ARIAS Conference Faculty: 8; Spring 2005, Spring 2006, Spring 2007, Spring 2010, Spring 2011, Fall 2011, Spring 2015, Spring 2017

Arbitration Experience

Number of Arbitrations

As an Arbitrator: 6

As an Umpire: 6

As Employee Manager: 7

As Corporate Representative: 1

Arbitrator Experience
Number of Arbitrations
1
Appointed as an arbitrator.
1
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.
2
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.
2
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.
2
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.
Employee Manager Experience
Number of Arbitrations
4
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.
1
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
1
Company Representative in 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.
Biography

Elaine Caprio is President of Caprio Consulting And Coaching LLC, providing management consulting, coaching, mediation and arbitration services to the insurance and reinsurance industries.

Before forming Caprio Consulting, Ms. Caprio worked at Liberty Mutual Insurance ("Liberty") for 25 years in various executive roles. As Vice President and Manager of Ceded Reinsurance, she was responsible for purchasing reinsurance protection, managing credit risk, and optimizing global reinsurer and broker relationships. Ms. Caprio produced significant savings in reinsurance premiums, negotiated best-in-class treaties, broker contracts, indemnity catastrophe bonds and swaps, and carefully managed enterprise-wide reinsurer participations.

Prior to her Ceded Reinsurance role, Ms. Caprio held the role of Senior Corporate Counsel at Liberty, and advised departments worldwide that handled ceded and/or assumed facultative, treaty and retrocessional reinsurance matters. She successfully negotiated commutation agreements, and obtained significant collateral for recoverables, in addition to achieving millions of dollars of disputed reinsurance collections.

Because of her proficiency with operational restructuring, Ms. Caprio was selected to serve as Vice President and Manager of Corporate Procurement for Liberty, charged with developing a strategy to coordinate the management of billions of spend. She transformed strategic sourcing and supplier management at Liberty by forming and guiding a new management team, creating corporate governance, a new branding and marketing strategy, and co-creating a procurement data repository for planning and analysis.

Ms. Caprio served on the Board of Directors for ARIAS-U.S. from 2005 to 2012, and was Chairman from 2011 to 2012 and the Girl Scouts of Eastern Massachusetts from 2017 to 2018. From 2015 to 2018, Elaine has served on the Advisory Board for Business Insurance Women to Watch. She is currently a member of the Board of Directors for the Massachusetts Reinsurance Bar Association .

Ms. Caprio earned her J.D. from Suffolk University Law School (cum laude) and a B.A. in Humanities from Providence College (magna cum laude). She was featured as an Influential Woman in Re/Insurance by Intelligent Insurer magazine in 2017, and a Woman to Watch by Business Insurance in 2007.