Insurance vs. Reinsurance: 40/60%
Treaty vs. Facultative Reinsurance: 90/10%
Former Insurance or Reinsurance Company Officer
Fred Pinckney has commercial general liability and specialty liability insurance and reinsurance experience covering more than 30 years. He assisted as outside legal counsel in (1) the regulatory formation and capitalization in 1985 of American Safety Insurance Group, Ltd., a Bermuda licensed commercial and specialty liability insurance and reinsurance company, which primarily insured the general liability risks of general contractors and asbestos abatement contractors , and (2) the regulatory formation and capitalization in 1987 of American Safety Risk Retention Group, Inc., a Vermont licensed group captive, which also insured the general liability risks of general contractors and asbestos abatement contractors . As outside legal counsel, together with company executives, he was responsible for regulatory, insurance and reinsurance treaties, and major claims and arbitration matters for American Safety Risk Retention Group, Inc. as a direct insurer, and American Safety Insurance Group, Ltd., as its reinsurer.
In 1997, Mr. Pinckney became in-house General Counsel and Corporate Secretary for American Safety Insurance Group, Ltd. in connection with its initial public stock offering. Together with company executives, he was primarily responsible for commercial and specialty insurance and reinsurance treaties, major claims and arbitration matters, compliance and coordination of all insurance regulatory and financial filings, New York Stock Exchange filings, as well as periodic and annual reporting to the Securities and Exchange Commission from 1997 to 2005.
Since 2006, Mr. Pinckney has been involved in the healthcare industry and related insurance benefits group captive matters. He is the principal of Business Law & Arbitration Services, Inc. in Atlanta Georgia.
Mr. Pinckney is an active Member of the Commercial Panel of Neutrals of the American Arbitration Association, where he has served as a panel member, chair, or sole arbitrator in over 100 commercial business arbitrations, including insurance and reinsurance disputes. He also an ARIAS U.S.-certified arbitrator.
He received his Bachelor of Arts undergraduate degree from the University of Pittsburgh and his Juris Doctor degree from the University of Michigan Law School. Mr. Pinckney has received an “AV” (Highest Standard) Legal Expertise and Professional Reputation Peer Rating from Martindale-Hubbell. He is a Member of the Georgia Bar Association.