Project Manager Insurance

Curriculum Vitae

Kevin Andrew Flack – Reinsurance Professional / Business Analyst

I have experience as a Reinsurance Business Analyst, Manager and Consultant gained over 30 years

in the International Reinsurance industry. In these roles I have developed excellent planning and

organisational skills. I am a naturally good communicator with the ability to write clear, concise and

imaginative reports. I have excellent analytical and critical thinking skills with a creative approach

to problem solving. I have experienced what works and doesn’t work in project management in the

UK and overseas. I am well equipped to develop sensible, creative solutions to project management

which project sponsors, managers and teams can buy into. The ability to motivate others is one of

my key strengths. This comes from my positive energy and great drive and commitment to achieve

results. I have excellent client relationship skills and am an experienced negotiator.

Career History

Capita, Gloucester

August 2006 to January 2009 - Reinsurance Consultant

• Dealing with outward reinsurances on the XL / Winterthur / Vitodurum account

• Responsible for managing the process of identifying & collecting asset from fronting

partners

Job requirements:

• Interrogate and understand the historic & current Vitodurum / XL systems (RAIS &

Genius) utilised to record underwriting, reinsurance, premium and claim data so as to

ensure the subsequent credit control procedures and cash allocation / reporting

protocols based upon the information captured were accurate

• Utilise this data so as to collect funds due from Fronting Partners in respect of

claims paid

• Adopt similar procedures so as to collect funds due in respect of delegated

authorities such as Binders

PRO Insurance Solutions, Gloucester

June 2005 to May 2006 - Technical Consultant, Consultancy Division

• Part of the Consultancy Division charged with undertaking ad-hoc assignments for existing

clients (English & American Insurance Company; Willis Faber Underwriting Management

etc.)

• Dedicated to providing Finality Solutions for new & existing clients

Job requirements:

• Appreciate treaty data capture systems utilised by various clients so as to ensure

information derived from various reporting protocols was accurate

• Charged with developing new business from the UK, Australian & US Insurance &

Reinsurance markets

• Working closely with the newly established PRO US office in New York so as to assist in the

development of a new client base i.e. Risk Managers & Blue Chip financial institutions

Tawa Management, London

October 2004 to June 2005 - Commutations & Inspections Consultant

• Part of the team charged with managing the RunOff of CX Re (ex CNA Re UK) acquired by

Tawa in November 2002

• Responsible for managing Inspection of Records projects in respect of CX Re’s Inwards

portfolio of predominantly D&O / E&O business written between the early 1980’s and 2001

• Contribute to a focussed Commutation programme geared toward achieving finality of the

CX Re Balance Sheet

Cobalt RunOff Services, London

August 2000 to September 2004 - Senior Cedant Analyst (Reinsurance Operations)

• Relocated to London from Sydney in order to better facilitate the Commutation of

reinsurance’s assumed by Gordian RunOff Re (ex GIO Reinsurance) in Sydney - some 70% of

the business written in Sydney was sourced from the London Market

• Responsible for managing Commutation projects and staff in London i.e.

• regular liaison with Sydney

• cedant records review and control of Third Party Service Providers

• negotiation of Commutations

• litigation support

• Personally responsible for savings of Aus$27.5m on Discounted Liabilities of approximately

Aus$102.5m

• Contributed to a further Aus$23.8m of savings on Discounted Liabilities of approximately

Aus$172.75m

• Balance Sheet savings derived as a result of a Gordian programme of dedicated

Commutation activity commenced in 2000

GIO Reinsurance (Gordian RunOff Re) Sydney, Australia

March 1997 to July 2000 - Business Review Manager (Reinsurance Underwriting and GIO Re

Audit & Commutations Team)

• March ’97 to August ’99 - responsible for the monitoring of up to Aus$750m in annual

premium income with regard to Administration Controls and Underwriter Delegation

infringements

• From September ’99 - responsible within a team for the management of in excess of

Aus$2.4bn in liabilities i.e. all aspects of a professional Reinsurer in Run-Off including

Claims & Accounts control, Audits and Commutations

• Head of the Audit Team responsible for Cedant Reviews, Commutation Analysis and pre-

underwriting audits

• Control of Outward Reinsurance arrangement with Overseas Partner Re, Bermuda

• Member of the Core Team and Project Manager for the Underwriting / Reinsurance

(Retrocession) elements of GIO Re’s utilisation of SICS/nt specifically:

• Representative responsible for the selection, review, testing and eventual

implementation of the new Mainframe computer system (SICS/nt) in April 1999

• Determine global requirements (feasibility studies, business cases geared toward

investigating the replacement of business critical systems) with regard to data capture

in respect of Underwriting, Claims, Accounting, Actuarial & Retrocession elements of

the business

• Prepare critiques of systems presented to GIO Re as part of the tendering process

• Comment upon and ‘score’ short-listed systems with regard to continuity with GIO

Re requirements

• Work closely with Underwriting, Claims, Accounting & Accounting teams so as to

ensure all critical processes captured within system design parameters

• Managed the workload, including assigning, prioritising and monitoring progress of

tasks of other project team members

• Work closely with CSC and internal IT development team & support functions so as

to identify required changes and ensure each implementation stage of SICS/nt achieved

goals set out in the scope document

• Test completed segments prior to passing on to IT for inclusion in the final build

•

Communicated and managed complex issues between business contacts, in-house

development teams and project team throughout the Project lifecycle.

• Tracked progress of the project against the plan and business benefits, reporting

status on a weekly basis

• Work with Underwriters, Actuaries & CSC so as to facilitate a working Retrocession

system

• Facilitated workshops, business forums and training sessions for management and

front end users

• Responsible for the structure and part of the presentation of Reinsurance Training Courses

for GIO staff

• Part of the team charged with (a) determining the best course of action for the company

when placed into run-off (august 1999) and (b) developing strategies to best realise

shareholder value

Peter Blem Adjusters Limited, London

July 1993 to February 1997 - Reinsurance Auditor

• The principals of Walton Insurance Limited, Bermuda and Insurance and Reinsurance

Services, Bermuda (see below) re-located to London in July 1993 and acquired the

controlling interest in Peter Blem Adjusters Limited in order to facilitate an entry into

Consultancy services required by the London market

• Alongside the control of all aspects related to an Insurance Company in 'run-off' (Walton),

PBA offered a number of consultancy & training services to the London, US and European

markets

• As per I&RS (see below) my emphasis was on Reinsurance Reassessment, Litigation Support

(including discovery), Commutation Review & Negotiation plus Reserve and System Analysis

Insurance and Reinsurance Services Limited, Bermuda

September 1992 to July 1993 - Reinsurance Consultant

• I & R Services became responsible for the run-off of Walton Insurance Limited in March

1991. During my time with them I was jointly responsible for the management of all aspects

related to an Insurance Company in Run-Off. In addition we offered Reinsurance consultancy

services to the London, US and European markets

• Reinsurance Reassessment (inspection of records, analysis of reinsurance protection’s and

collections etc.)

• Litigation Support

• Commutation Review & Negotiation plus Reserve and System Analysis

• Responsibility for the production of a thorough and comprehensive report to the client

including analyses of reinsurance contract terms and representations, the operation and

management of the reinsurance agreement and accounting / claims management issues

• For both Insurance and Reinsurance Services and Peter Blem Adjusters I was involved in

detailed reviews with regard to Capital Acquisitions and had a number of clients for whom

we offered Consultancy Advice in technical and run-off matters. Marketing was also an area

in which we all played a part

BCS Management Limited, Bermuda

July 1990 to July 1992 - Reinsurance Consultant

• BCS (Bermuda) controlled a small number of Captive Insurance Companies and serviced the

reinsurance needs of a number of local companies plus those from London, US and European

markets with local interests.

• The Merrett Syndicate at Lloyd’s owned BCS. The Bermuda operation was closed down in

1992

Walton Insurance Limited, Bermuda

April 1987 to July 1990 - Reinsurance Auditor

• Walton was a Captive Insurance Company of Phillips Petroleum Corp. (USA) and wrote a

significant amount of Property, Casualty, Marine and Aviation reinsurance from the US,

London and European markets over a period of almost 10 years from 1973

• I was recruited as a member of the four people Audit team responsible for the management

of a company that had been in run-off since 1983. Our activities included the identification

of contracts that would benefit from an Inspection of Records; undertaking such inspections

and reporting on the same to management plus preparing case documentation and assisting

in Commutation Negotiations, together with Litigation support where necessary

• Involvement with the staff responsible for the day-to-day 'run-off' administration included

the monitoring and analysis of Reinsurance Protection and cash collection activity (credit

control). Considerable savings on booked liabilities were effected due to Commutation,

Large Loss Accumulation procedures / Reinsurance collections and detection of contractual

errors &/or breaches. Over an extended period, numerous inspections were undertaken in

the US, London and Europe

Mercantile & General Reinsurance Company plc, Cheltenham and London

January 1977 to March 1987 - Training Co-ordinator, Technical Accounting and Underwriting

Administration Supervisor

• At the time of my departure I was the Departmental Training Co-ordinator responsible for

the training of in the region of 160 staff with regard to Reinsurance Contract Wording,

Types of Treaty and Technical Accounting principles

• Other areas of responsibility included an involvement in Personnel recruitment; cash control

(technical accounts processing, checking and settlements) plus Underwriting Support and

Liaison

• My early years with the company were spent reviewing Reinsurance Technical Accounts (all

classes and types of reinsurance) and liaison with Underwriters

• I developed an interest in Training, which resulted in periodic secondments to the

Underwriting departments in London where I assisted with the contractual technical reviews

during renewal and performed in-house analyses of contracts in run-off

• For the five years prior to my departure I was in charge of a group of eight people. They

were responsible for the verification and processing of technical accounts received from

Cedant’s and Brokers as well as the reconciliation of Broker Settlement accounts. I was

responsible for all Recruitment and Appraisal issues for this team directly plus as part of my

role as Training Co-Coordinator; I was involved, to a lesser degree, in Recruitment and

Appraisal issues for the whole of the Technical Accounting and Claims area of 120 staff.

During this period I attended several courses along the lines of Supervisory Management etc.

• As part of the team involved in the Mercantile & General 'International Reinsurance Course',

for the years 1983 to 1986, I organised and presented twice-yearly two day sessions on

Reinsurance Accounting Principles and Practices

IT Skills

• CSC Financial Services SICS/nt Version 2.5

• Microsoft Excel and Windows including Access

• IBM Mainframes (AS400 etc.)

• Business Objects

• Genius

Contact Details

Kevin Flack

41 Hales Road

Cheltenham

GL52 6SL

United Kingdom

Telephone 012**-******

Mobile 078**-******

*****.*****@********.***

Contact this candidate