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Karen L. Schmitt
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Current Employment
  • Company:
    Self Employed
  • Address:
    8 Allen Court
    Plainsboro, NEW JERSEY 08536 United States
  • Phone:
    8568163777
  • Cell:
    856-816-3777
  • Email:
    klschmitt@klschmitt.com
Previous Employment
  • Company:
    Maiden Holdings, Ltd
  • Position(s) and Responsibilities:

    Chief Financial Officer of the Maiden Holdings group

  • Company:
    Maiden Re
  • Position(s) and Responsibilities:

    President of the US operations of Maiden Holdings

  • Company:
    GMAC Re
  • Position(s) and Responsibilities:

    Chief Operating Officer
    Executive Vice President
    Chief Actuary

  • Company:
    TIG Holdings
  • Position(s) and Responsibilities:

    Chief Actuary, responsible for Insurance and Reinsurance operations

  • Company:
    American Re/Munich Re
  • Position(s) and Responsibilities:

    Vice President – M&A consulting/ due diligence through AmRe Services, Reinsurance Pricing and Reserving, special projects

  • Company:
    Prudential Property & Casualty/Pru-LMI Commercial Insurance
  • Position(s) and Responsibilities:

    Chief Actuary of Pru-LMI

Credentials
  • Attorney:
    No
  • Education:
    The Wharton School of the University of Pennsylvania
    Lebanon Valley College
  • Degrees:
    MBA
    BS, Actuarial Science
  • Designations:
    Fellow of the Casualty Actuarial Society
    Fellow of the Canadian Institute of Actuaries
    Chartered Enterprise Risk Analyst
Work Experience
  • Insurance Company: 11 years.
    Underwriting Department: 2 years. Actuary
    Executive Officer (CEO, COO, CFO, Chief Actuary): 5 years. Chief Actuary
    Actuarial Department: 4 years. Actuary
  • Reinsurance Company: 28 years.
    Executive Officer (CEO, COO, CFO, Chief Actuary): 20 years. COO, CFO, Chief Actuary, President
    Actuarial Department: 8 years. Vice President
Breakdown of Experience
  • Personal Lines
    25%
  • Workers' Compensation
    15%
  • Automobile Liability/Property
    15%
  • Commercial Liability
    5%
  • Finite
    5%
  • MGA/MGU
    4%
  • Commercial Property
    3%
  • Regulatory/Licensing
    2%
  • Excess/Surplus Lines
    2%
  • Commutations
    2%
  • Accident & Health
    2%
  • Catastrophes (Property)
    2%
  • Aviation
    1%
  • Toxic Tort
    1%
  • Third Party Administrator
    1%
  • Alternative/Self-Insurance/Risk Management
    1%
  • Professional Liability/Errors &, Omissions
    1%
  • Product Liability
    1%
  • Product/Consumer Warranties
    1%
  • Architects &, Engineers
    1%
  • Asbestos
    1%
  • Catastrophes (Casualty)
    1%
  • Insolvencies
    1%
  • Fidelity &, Surety
    1%
  • Environmental/Pollution
    1%
  • Captives/Risk Retention Groups
    1%
  • Construction Defects
    1%
  • Bad Faith/ECO
    1%
  • Contract Wording
    1%
  • Directors &, Officers
    1%
By Market
  • U.S. Market:
    90%
  • U.K. Market:
    1%
  • Bermuda/Off-shore Market:
    8%
  • European Market:
    1%

Insurance vs. Reinsurance: 28/72%
Treaty vs. Facultative Reinsurance: 90/10%
Former Insurance or Reinsurance Company Officer
Former Insurance or Reinsurance Company Director

Arbitration Experience

Number of Arbitrations

As Corporate Representative: 1

Company Representative Experience
Number of Arbitrations
1
Company Representative in arbitration through evidentiary hearing of at least one full day and less than three full days regarding the substantive merits of the parties' dispute.
Biography