Alan E. Lange, FCAS
6120 Glen Abbey Lane, Bradenton, FL 34202

Career Summary

Property/Casualty Actuary with over 25 years of experience in insurance company settings. Negotiation and purchasing of reinsurance programs. Management all facets of catastrophe related risk for $400 Million homeowners book. Estimated and set IBNR reserves through major claims department reorganization. Directed staff in developing and filing homeowner rates in eight states. Recognized expert in catastrophe risk management. Enjoy solving problems, new challenges and improving efficiency.

Major Strengths

  • Brings innovative approaches to complex insurance problems.
  • Proven catastrophe risk management and modeling experience.
  • Management and development of actuarial and risk management staff.
  • Trusted member of executive management team.

Career History

Assistant Vice President, Universal North America, 2012-Present. Directed Risk Management and Actuarial departments for North American subsidiary of Universal Group.

  • Mitigate catastrophe risk through design and purchase of reinsurance program and concentration analysis of growing homeowners book of business.

  • Manage and direct ratemaking and filing requirements for eight states.

  • Manage risk and concentration of MGA generated homeowners book in 16 states.

  • Work with claims and financial departments as well as external appointed actuary to estimate reserves for company financial statements.

  • Mentor and develop staff into roles with significant more scope and responsibility.

  • Work with other senior managers to develop and execute plan to optimize business plans with constrained capital.

  • Negotiated over 30% cut in vendor model license fees.

Manager, Catastrophe and Risk Analysis, Homesite Group Inc, 2000-2010. Managed all catastrophe related risk, including reinsurance purchasing. Managed corporate loss reserving including year end financial reporting (Schedule P).

  • Designed and implemented Catastrophe Risk Management plan for $400 Million Homeowners insurance book of business. Convinced Senior Management to balance potential growth in riskiest geographies until sustainable rates were in place.
  • Developed and implemented proprietary Wildfire risk model for California, Arizona, New Mexico, Colorado and Utah. Recently evaluated and negotiated move to purchasing external data to expand model coverage to 13 western states.
  • Successfully negotiated and purchased Catastrophe Excess of Loss protection as well as Per Risk reinsurance at favorable prices over the course of the past five years. Most recently, purchased $250 Million of catastrophe coverage.
  • Analyzed potential reinsurance contracts from cost/benefit and corporate risk tolerance points of view.
  • Developed reinsurance cost allocation methodology to appropriately apportion reinsurance costs and retained capital costs to state and other arbitrary subgroups.
  • Managed all catastrophe modeling activity for Homesite including quarterly analysis of portfolio, including trend analysis and projection.
  • Managed overall corporate reserve process to maintain conservative financial position.
  • Supervised team with diverse skills to accomplish goals.

Senior Consultant, Applied Insurance Research, 1999-2000. Insurance expert for leading catastrophe modeling company.

  • Provided financial modeling support to CLASIC/2 development team so that various insurance and reinsurance contracts were accurately modeled in stochastic catastrophe model.
  • Managed client analysis for active hurricane events for several large personal lines insurance carriers.
  • Managed hurricane model certification effort for getting the AIR model accepted by the Florida Commission on Hurricane Loss Projection Methodology.

Actuary, Orion Capital, 1993-1999. Various actuarial roles for multi-line insurance carrier.

  • Corporate reserving and financial reporting.
  • Actuarial support for Security Reinsurance Company.
  • Actuarial support for Connecticut Specialty group: MGA program business.

Senior Actuarial Assistant, Travelers Insurance, 1987-1993. Progressively more responsible actuarial positions.

  • Rate adequacy and pricing for Agency Commercial Automobile insurance.
  • Residual market pricing for Commercial Automobile and Workers’ Compensation.
  • Pricing Model support for mid-size national accounts.
  • Homeowners rate adequacy analysis.

Education & Training

Fellow of the Casualty Actuarial Society
Member of the American Academy of Actuaries

Master of Science, Computer Science, Rensselaer, Hartford, CT, 1999
Bachelor of Arts, Mathematics,
Whitman College, Walla Walla, WA, 1987

Software and programming:

RMS RiskLink, AIR CLASIC/2, Microsoft Office (Excel, Access, Word, PowerPoint)
SQL, Visual Basic, C++, Python

Professional & Community Activities

Panelist at Casualty Actuaries in Reinsurance Seminar
Panelist at Casualty Loss Reserve Seminar

USSF Certified Soccer Referee since 2009
Contestant on Jeopardy!, September 26, 2014

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