Profile
Denis W. Loring
Current Employment
  • Company:
    Retired
  • Address:
    119 Grand Palm Way
    Palm Beach Gardens, FLORIDA 33418 United States
  • Phone:
    561-625-5552
  • Cell:
    561-351-8585
  • Fax:
    561-625-9707
  • Email:
Offering Services as Expert Witness in:
Finite / Financial Reinsurance / Alternative Risk, Life Reinsurance, Surplus Relief Contracts
Previous Employment
  • Company:
    RGA Insurance Company
  • Position(s) and Responsibilities:

    Senior Vice President – Business Development and Regulatory Affairs

  • Company:
    Equitable Life Assurance Society
  • Position(s) and Responsibilities:

    Senior Vice President – Head of Reinsurance

Credentials
  • Attorney:
    No
  • Education:
    A.B. Mathematics, Harvard College;
    M.S. Mathematics, M.I.T
  • Designations:
    Fellow of the Society of Actuaries, 1976; Member of the American Academy of Actuaries, 1977
  • Other Information:
    Society of Actuaries Reinsurance Section Council (former Chair); RAA Life Reinsurance Committee (former Chair); ACLI Reinsurance Committee and its Advisory Board
Work Experience
  • Insurance Company: 27 years.
    Underwriting Department: 1 year.
    Claim Department: 1 year.
    Ceded Reinsurance Department: 2 years.
    Assumed Reinsurance Department: 2 years.
    Actuarial Department: 8 years.
    Reinsurance Department Head:14 years.
  • Reinsurance Company: 14 years.
    Actuarial Department: 7 years.
    Global Financial Solutions: 7 years.
Breakdown of Experience
  • Life
    45%
  • Finite
    20%
  • Accident & Health
    15%
  • Disability
    5%
  • Regulatory/Licensing
    5%
  • MGA/MGU
    5%
  • Workers' Compensation
    3%
  • Long Term Disability
    2%
By Market
  • U.S. Market:
    80%
  • U.K. Market:
    10%
  • Bermuda/Off-shore Market:
    3%
  • European Market:
    5%
  • Global Market:
    2%

Insurance vs. Reinsurance: 25/75%
Treaty vs. Facultative Reinsurance: 85/15%
Current Insurance or Reinsurance Company Officer

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

Number of Arbitrations

As an Arbitrator: 42

As an Umpire: 10

As Corporate Representative: 1

Arbitrator Experience
Number of Arbitrations
14
Appointed as an arbitrator.
10
Acted as an arbitrator through the organizational meeting or the arbitration has only reached this stage.
7
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.
9
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.
4
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.
3
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.
Company Representative Experience
Number of Arbitrations
1
Company Representative in arbitration through the organizational meeting or the arbitration has only reached this stage.
Biography

Denis Loring has had over 40 years of experience in the insurance and reinsurance industries. He is currently a Senior Vice President of RGA Worldwide Reinsurance Company, Ltd., a subsidiary of RGA Reinsurance Company, one of the nation’s largest life reinsurers. His specialties include life reinsurance, finite/financial reinsurance, alternative risk transfer, and London market accident and health business.

Mr. Loring received his Bachelor’s degree from Harvard College and his Master’s from MIT, both in mathematics. He joined the John Hancock Mutual LIC actuarial student program in 1971, attaining his Fellowship in the Society of Actuaries in five years. In 1981, he moved to the Equitable Life Assurance Society, where he founded and led the Reinsurance Department. His responsibilities included all of Equitable’s ceded reinsurance, the reinsurance assumed line of business, and building the largest financial reinsurance program in the history of life insurance.

He left the Equitable in 1998 to join RGA/Swiss Financial Group, a reinsurance intermediary. Two years later RGA bought out the Swiss and the group was merged into RGA Reinsurance Company, where it is now Global Financial Solutions. At RGA Re, Mr. Loring worked in business development and regulatory affairs until his retirement in 2012.

Mr. Loring was active in a number of reinsurance industry organizations. He served twice on the governing council of the Reinsurance Section of the Society of Actuaries, including as its Chair. He was on the Life Reinsurance Committee of the RAA, also serving as its Chair, and the Reinsurance Committee of the ACLI. For many years, he has taught the life reinsurance component of the RAA “ReBasics” course. He has also taught “Life Reinsurance 101” to a number of audiences, including state regulators, in-house and outside reinsurance counsel, and officials of the Department of the Treasury. His experience as cedent, reinsurer and retrocessionnaire gives him a broad perspective on the issues confronting the reinsurance industry.