Casualty actuarial and reinsurance consulting firm located near New York City that is focused on providing loss reserving, statistical modeling, excess and reinsurance pricing, actuarial and reinsurance expert witness and arbitration 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. He has performed loss reserve studies and reinsurance pricing analyses requiring complex loss simulations, served as an insurance arbitrator and an actuarial expert witness in insurance and reinsurance arbitrations, provided litigation and investor support, resolved complex insurance coverage claim disputes, and performed research on loss reserving models.
Robert Bear is an Actuarial and Reinsurance Consultant with 35 years of insurance industry experience, including 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.
RAB Actuarial Solutions LLC offers the following actuarial and statistical modeling consulting services: (1) loss reserve studies and research on loss reserving methods and models (2) development of dynamic risk models to facilitate evaluation of profitability as well as risk load and capital needs (3) insurance and reinsurance pricing, including reinsurance commutation, excess pricing and price monitoring studies (4) resolution of loss reserve and coverage disputes subject to insurance arbitration, reinsurance arbitration or mediation (5) actuarial and reinsurance expert witness and litigation support.
Robert Bear has been retained once as a party appointed arbitrator (the case was resolved with a reasoned award), three times as an actuarial expert in insurance and reinsurance arbitration proceedings, twice as an actuarial expert to resolve disputes arising in a London solvent scheme of arrangement, and he has provided litigation support in four cases. He was retained by the plaintiff in one of the four litigation support cases. In the two cases where he served as an actuarial expert to resolve claim disputes for a London solvent scheme of arrangement, he essentially fulfilled the role of an umpire in resolving those disputes.
Most of his litigation support and expert witness work has related to loss reserving issues and/or insurance policy (or reinsurance contract) issues. One litigation support case related to intellectual property rights, while another involved a shareholder class action suit. Another case involved the impact that a potential large claim settlement could have on a company's rating and ability to continue in business based upon capital requirements.
He has been deposed as an actuarial expert in one insurance arbitration case and in two reinsurance arbitration cases. He has testified before one reinsurance arbitration panel. He was approved by a court to testify as an actuarial expert but his testimony was not needed.
Robert Bear is a Fellow of the Casualty Actuarial Society, an ARIAS-U.S. certified insurance and reinsurance arbitrator, a Chartered Property Casualty Underwriter, a member of the American Academy of Actuaries, and a Fellow in the Conference of Consulting Actuaries. He currently serves as Chairperson of the CAS Dynamic Risk Modeling Committee and as co-chairperson of the CAS Loss Simulation Model Working Party.
Background
Q: Please list your professional accreditations, degrees, licenses, and certificates granted:A: Fellow of the Casualty Actuarial Society, ARIAS-U.S. Certified Insurance and Reinsurance Arbitrator, Chartered Property Casualty Underwriter, member of the American Academy of Actuaries, and a Fellow in the Conference of Consulting 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, Conference of Consulting Actuaries, ARIAS-US, CPCU Society, and Casualty Actuaries in Reinsurance.
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 five times as an actuarial expert, once as a party appointed arbitrator, and provided litigation support in four cases. I have served as an actuarial expert in one insurance arbitration case and in two reinsurance arbitration cases. I served as an actuarial expert in resolving two claim disputes submitted by a London solvent scheme of arrangement. My service as a party appointed arbitrator in an insurance arbitration led to a reasoned award. I was retained by the plaintiff in one of my four litigation support cases.
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 one of my four 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 four litigation support cases.
Q: On how many occasions have you had your deposition taken?
A: Three times.
Q: When was the last time you had your deposition taken?
A: October 30, 2008
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: Six years.
Q: What services do you offer? (E.g.: consulting, testing, reports, site inspections etc.)
A: Loss reserving, actuarial and reinsurance expert witness, arbitration, insurance and reinsurance pricing, reinsurance commutation and risk modeling services.
Q: What is your hourly rate to consult with an attorney?
A: Please call Robert Bear at 973-265-4437 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 973-265-4437 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 973-265-4437 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 973-265-4437 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 973-265-4437 or email him at rabsolutions@gmail.com to discuss details.
