Mr. Robert A. Bear, Consulting Actuary, Reinsurance Consultant and Arbitrator

RAB Actuarial Solutions, LLC
30420 Cohens Drive
Lewes, DE 19958
Web Site
Phone: (973) 229-4465
Mr. Robert A. Bear, Consulting Actuary, Reinsurance Consultant and Arbitrator

Property and Casualty actuarial consulting firm with offices in Lewes, Delaware and Montville, New Jersey (near New York City) that is focused on providing quality loss reserving, actuarial and reinsurance expert witness and litigation support, reinsurance arbitration and pricing including commutations, and statistical modeling services.

Robert Bear is a Property and Casualty Consulting Actuary, Reinsurance Consultant and Insurance Arbitrator in the firm he has established, RAB Actuarial Solutions LLC. This actuarial consulting firm's engagements have included loss reserve studies for self-insured entities and for insurance runoff operations, reinsurance pricing analyses, actuarial support for a state's financial examination of an insurance company, service as an insurance arbitrator and an actuarial expert witness in insurance and reinsurance arbitrations, resolution of complex insurance coverage claim disputes, and research on loss reserving models.

Robert Bear is an actuarial consultant with 38 years of insurance industry experience that include 20 years managing reinsurance actuarial services. After beginning his career at Insurance Services Office, he served as an actuarial manager at Prudential Reinsurance, Signet Star Reinsurance and SCOR Reinsurance Company. He then served as Senior Vice President and Chief Actuary of PXRE Group, where he was responsible for loss reserving functions and pricing model development, along with related corporate modeling.

Robert Bear is a Fellow of the Casualty Actuarial Society, a member of the American Academy of Actuaries, and a Chartered Property Casualty Underwriter. He has earned MS degrees in theoretical mathematics from New York University and in applied mathematics (focusing on mathematical statistics) and in economic systems from the Polytechnic Institute of New York. He graduated summa cum laude with a BA in mathematics from the University of Bridgeport.

Robert Bear has served as Vice Chairperson of the AIRROC Actuarial Committee, Chairperson of the CAS Dynamic Risk Modeling Committee, Chairperson of the Reinsurance Association of America (RAA) Actuarial Committee and as President of Casualty Actuaries in Reinsurance (CARe). He has also authored several CAS discussion papers and articles on reinsurance pricing, loss reserving, and risk modeling issues that are noted on his Curriculum Vitae. His blog on actuarial and statistical modeling issues is available at rabactuarial.blogspot.com. He co-manages the Linked In professional groups focused on discussion of Commercial and Industry Arbitration and Mediation issues and Reinsurance Claims issues.

Background

Q: Please list your professional accreditations, degrees, licenses, and certificates granted:
A: Fellow of the Casualty Actuarial Society, Chartered Property Casualty Underwriter, and member of the American Academy of Actuaries. MS degrees in both theoretical and applied mathematics, as well as in economic systems. Published several papers.

Q: Please list your affiliations or memberships in any professional and/or industry organizations:
A: Casualty Actuarial Society, American Academy of Actuaries, and CPCU Society.

Q: Please list any teaching or speaking experience you have had, including subject matter:
A: I have taught mathematics at the junior college level and actuarial review courses to actuarial students. I have given numerous actuarial seminars at industry conferences.

Q: Have any of your accreditations ever been investigated, suspended or removed? (if yes, explain)
A: No

Q: On how many occasions have you been retained as an expert?
A: I have been retained twice as a party appointed arbitrator (one case was resolved with a reasoned award, while the other case is ongoing), five times as an actuarial expert witness, twice as an actuarial expert to resolve disputes arising in a London solvent scheme of arrangement, and I have provided litigation support in five cases. In the two cases where I served as an actuarial expert to resolve claim disputes for a London solvent scheme of arrangement, I essentially fulfilled the role of an umpire in resolving those disputes.

Q: For what area(s) of expertise have you been retained as an expert?
A: I was retained for my actuarial and reinsurance expertise.

Q: In what percentage of your cases were you retained by the plaintiff?
A: I was retained by the plaintiff in two of my five litigation support cases.

Q: In what percentage of your cases were you retained by the defendant?
A: I was retained by the defendant in three of my five litigation support cases.

Q: On how many occasions have you had your deposition taken?
A: Four times.

Q: When was the last time you had your deposition taken?
A: March 27, 2013

Q: On how many occasions have you been qualified by a court to give expert testimony?
A: Once

Q: On how many occasions have you testified as an expert in court or before an arbitrator?
A: I have testified once before arbitrators.

Q: For how many years have you worked with the legal industry as an expert?
A: Nine years.

Q: What services do you offer? (E.g.: consulting, testing, reports, site inspections etc.)
A: RAB Actuarial Solutions LLC offers the following actuarial, statistical modeling and reinsurance consulting services: (1) loss reserve studies (2) reinsurance arbitration and pricing, including reinsurance commutations (3) actuarial and reinsurance expert witness and litigation support (4) research on loss reserving and reinsurance pricing models (5) statistical and econometric modeling, including optimization studies.

Q: What is your hourly rate to consult with an attorney?
A: Please call Robert Bear at 973-229-4465 or email him at rabsolutions@gmail.com to discuss details.

Q: What is your hourly rate to review documents?
A: Please call Robert Bear at 973-229-4465 or email him at rabsolutions@gmail.com to discuss details.

Q: What is your hourly rate to provide deposition testimony?
A: Please call Robert Bear at 973-229-4465 or email him at rabsolutions@gmail.com to discuss details.

Q: What is your hourly rate to provide testimony at trial?
A: Please call Robert Bear at 973-229-4465 or email him at rabsolutions@gmail.com to discuss details.

Q: Please list any fees other than those stated above (E.g.: travel expenses, copy fees, etc.)
A: Please call Robert Bear at 973-229-4465 or email him at rabsolutions@gmail.com to discuss details.

References

Professional references are available on Robert Bear's full LinkedIn Profile at www.linkedin.com/in/robertbear.

Publications