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<pre>Array ( [var] => cut_url ) </pre> Resume for Arthur U. for Executive Manager / Insurance in Riyadh, Saudi Arabia. Search More Resumes for Executive Manager on Resumark.com #442AOFP6Q
 

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Resume for Arthur U. for Executive Manager / Insurance in Riyadh, Saudi Arabia




Occupation: Executive Manager Industry: Insurance
Country: Saudi Arabia City: Riyadh
State: Ar Riyad ZIP: 11372



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ARTHUR S. U., CPCU ARe Newcastle Drive | Kitchener | Ontario | NR X | Canada AlMena Compound Unit A | A Kotton bin Haritha Street, Olaya District | Riyadh | KSA + Can. res. | + Mob. | Introduction · Senior international insurance/reinsurance executive Has over years underwriting, marketing and global business development experience. Proven ability to structure, present and close highly profitable and sustainable business. Participated as an integral member of several executive teams and as an advisor to the CEO on matters of corporate vision and global strategy driving profitability objectives. Proven and experienced track record Superior production and analytical abilities have been a key to success of major international underwriting firms. Executive management skills Has established / managed underwriting departments in three companies including planning, budgeting, controls and procedures, production, underwriting policies, and human resources. Wellrounded global background Wellinformed on insurance and reinsurance conditions around the world and well known to brokers, insurers, and reinsurers worldwide. A team player able to interact with and relate well to people from different backgrounds and nationalities. Language proficiencies Fluent in French and conversant in German; basics of other languages include Spanish, Dutch, Italian and SerboCroatian. · · · · Career Overview · · · · · · · · Saudi Re Cooperative Reinsurance Company, Riyadh, Saudi Arabia Chief Operating Officer ReSources Bermuda / Canada, Hamilton, Bermuda / Kitchener, Ontario Partner, Reinsurance and Insurance Consulting Firm Arch Reinsurance Ltd., Hamilton, Bermuda Managing Director, International Senior Vice President Level PXRE Reinsurance Company, Edison, New Jersey Senior Vice President, International Operations F+G Re reinsurance subsidiary of USF+G, Morristown, New Jersey Vice President Mead Reinsurance Company, Paris, France DirecteurAdjoint; Assistant Vice President, International Compagnie Européenne de Réassurances, Paris, France SousDirecteur; Assistant Vice President; European Agency Manager Continental Insurance Company, Brussels, Belgium Benelux Representative Please refer to the Appendix for Detailed Experience Exemplary Achievements · Territory Turnaround. The youngest company representative ever to be sent overseas at the time responsible for revitalizing a declining territory Belgium, Netherlands, Luxembourg. Analyzing business practices and developing a sense of Page teamwork and common vision among the agents and support staff achieved the objective. Within two years, while the overall business showed a % growth, my personal portfolio grew % with a corresponding increase in profitability. · Business Unit Startups. Recruited on several occasions to lead the startup of new business units. Established a new Facultative Department at C.E.R., in Paris. Working with the CEO, created policies and systems while training staff to produce and underwrite a portfolio from the ground up. Achieved breakeven point and grew to a milliondollar scale in premiums within three years. Implemented the international operation startup at Mead. Responsibilities included strategic planning, personnel management and staff professional development, while operating as the chairman&;s "Chief of Staff." At F+G Re, the reinsurance subsidiary of USF+G, personal mandate was to develop the international market for this new reinsurance industry contender. Complexities involved skepticism of foreign clientèle toward US providers in general especially new or smaller players. Reoriented underwriting from facultative case by case to treaty entire portfolio classes. Through consistent image marketing and customerforlife strategies, the company became a reinsurer of choice. Involved in the founding and development of Arch Re in Bermuda. Key member of the original startup team involved in planning the reinsurance operations of Arch Group and the international nonUS development of Arch Reinsurance. Subsequently involved in the planning for another startup firm in the BVI and Bermuda. Currently involved in the profitable development of Saudi Re in Riyadh; was the Company&;s first full year of operations. Formalization of marketing plans, operating procedures and underwriting guidelines. · Portfolio Development. Entrusted with the profitable management of the international Per Risk Excess portfolio as an integral member of the F+G executive team. Tasks included indepth evaluation and approach of specific ceding companies to "partner" in developing Per Risk business and the creation of computer models to assist this niche underwriting arena. Became market lead underwriter for this line, far exceeding plan profitability on yearoveryear averages of over $ million in business. Change Agent. Company restructuring required significant downsizing in the European market. Sensitivity to each country&;s political and economic relationships allowed retention of key accounts while closing various facilities. Operational control was transferred to the Paris office at a greatly reduced overhead expense. Market Expansion. Recruited by PXRE to diversify the portfolio beyond catastrophe underwriting, my greatest achievement was to turn around the image of a company poorly regarded in the marketplace. Through sales persistence and "buck stops here" customer service, the newly diversified international portfolio grew from $ million to $ million annually, spanning the three years of my tenure. · · Page Education/Certifications/Affiliations · AB, History Major/Economics Minor, Kenyon College, Ohio. Graduated with High Honors in History Complemented with graduate coursework toward an MBA, Rutgers University · · · · · · · · Associate in Reinsurance ARe, charter recipient, IIA. Chartered Property Casualty Underwriter CPCU, AIPLU. Former Board of Directors, International Insurance Council IIC, US Chamber of Commerce. Former Secretary and Treasurer, Committee of American Insurers in Europe CAIE. Member, CPCU Society and the CPCU Loman Club; Former Treasurer, Bermuda CPCU Chapter. Official Industry Advisor to the US Government Delegation, Organization for Economic Cooperation & Development OECD, Paris, France Security Clearance required. Served as a County Committeeman an elected position for a political party, . Chairman, Vice Chairman and Board Member ­ various notforprofit organizations. Languages LANGUAGE English French German Spanish, Dutch, Italian and SerboCroatian Arabic ORAL WRITTEN LEVEL First language Fluent Basic speaking Basic understanding Starting Lessons Leisure Activities · Swimming, reading, history, genealogy, heraldry and flags. Summary · · · · Forwardthinking visionary with a reputation for critically assessing risk versus reward, whether structuring portfolios, business units or entire companies. Extensive P&L experience spanning last six firms. Agent of change, comfortable operating in startup, turnaround and restructuring environments with multinational corporations and client base. Has lived and worked overseas for many years; comfortable in difficult settings. Citizenship: US Canadian spouse Page APPENDIX ­ Detailed Experience Present · Saudi Re Cooperative Reinsurance Company Saudi Re, Riyadh, Saudi Arabia Chief Operating Officer Working directly with the CEO to profitably develop this new startup reinsurance firm, the first reinsurer established in Saudi Arabia in . Cultivating market contacts and business relationships to encourage a flow of submissions to Saudi Re; Managing the Company&;s marketing efforts, including the website and all written materials, within strict funding constraints. Reviewing Saudi Re underwriting guidelines, operational workflow and inhouse pricing models; restructuring as necessary as well as developing additional underwriting tools. Setting Goals and Objectives for the Company, in conjunction with the CEO; Reviewing / supplementing Job Descriptions and reporting process. Direct all Underwriting activities of Saudi Re Treaty / Facultative, including marketing / production, policies and procedures, structuring and purchasing of reinsurance protections and reporting to management. With Head of Facultative Unit, supervising all underwriting employees, including training / development of Saudi trainee staff. Developing the Company&;s presence in all aspects, first in KSA, then in the GCC countries and the wider MENA region, and eventually in targeted markets outside the region. · ReSources Canada, Kitchener, Ontario Partner, Reinsurance and Insurance Consulting Firm Established a consulting company in response to market need for management, underwriting talent, and outsourcing. Prepared Business Plan documents for startup companies for submission to potential investors, regulators and rating agencies. Cultivated market contacts and business relationships to encourage a flow of submissions to the client company. Provided detailed and comprehensive underwriting reports and recommendations to the client company on submissions received, enabling the client company&;s management to build a quality book of reinsurance business. Completed underwriting and claims audits both pre and post acceptance as required by the client company. International scope: clients in US and Bermuda. Important clients included: a Bermuda startup looking for funding, for which Business Plan was prepared, advance marketing work was done and investor presentations prepared / presented; a US reinsurance MGA undergoing a complete reorganization, for which business relationships were cultivated, underwriting guidelines were restructured and ongoing underwriting activities were managed, the agreement with the current Capacity Provider / Insurer was renewed and reinsurance protections were restructured and purchased. In both these cases, senior management positions CUO were offered, which made these consulting clients special. Page · Arch Reinsurance Ltd., Hamilton, Bermuda Managing Director, International Senior Vice President Level Part of the original team that started the company, involved in the planning and implementation of its general operations. I focused mainly on the nonUS unit, for which I was the first fulltime underwriter. From May , one of a small group involved in planning for the creation of the reinsurance operations of Arch Group, including the development of the international nonUS unit of Arch Reinsurance. Modified plans following // in light of new market realities. Closely involved in the development of the nonUS operations of Arch Reinsurance and key member of the original startup team in October/November ­ employee in Bermuda: first fulltime underwriter. Produced a substantial amount of diversified international business after November with excellent results ­ within years, total departmental premiums in the nonUS unit quickly surpassed $ million annually with sizeable underwriting profits. Wrote premiums ­ for the to underwriting years ­ of more than $ million annually from over treaties over programs with over $ million in total underwriting profit. Successfully positioned Arch in the international marketplace as a Market Leader ­ a broadbased, stable, professional reinsurer with a diverse portfolio from many different countries. Technically assessed and underwrote treaties and provided indepth market and cedent analysis. Accounts/Markets served as primary territorial underwriter included: France, Benelux, Middle East and North Africa, Japan, and the Caribbean, with shared responsibility for the remainder of the world. Established underwriting policies and procedures for nonUS underwriting as well as for the portfolio of Per Risk Excess business written by the company, and served as lead underwriter on several large Per Risk Excess programs. Managed all treaties written on facultative portfolios. Maintained excellent network of worldwide contacts with brokers, cedents and other insurers, utilizing language skills. · PXRE Reinsurance Company, Edison, New Jersey Senior Vice President, International Operations A $ million revenue reinsurance firm, I was hired to reposition the company in the international marketplace and to develop a diverse portfolio spread across many different countries. Developed over client accounts treaties generating $ million in annual revenues. Personally responsible for producing over $ million of diversified international business with written premiums for the underwriting year exceeded $ million from over treaties. Repositioned the company as a professional reinsurer in the international marketplace with a diverse portfolio. Maintained excellent network of worldwide contacts with brokers, cedents and other insurers, utilizing language skills. Technically assessed and underwrote treaties and provided indepth market and cedent analysis. Page Accounts/Markets served as primary territorial underwriter included: France, Benelux, Middle East, Japan, Korea, and the Caribbean, with shared or secondary responsibilities for the remainder of Asia, Australia and New Zealand. Established underwriting policies and procedures for the portfolio of Per Risk Excess business written by the company with P&L responsibility and was the lead underwriter on several large Per Risk Excess programs. Participated with team assigned to identify and develop new product lines. · F+G Re Reinsurance Subsidiary of USF+G, Morristown, New Jersey Vice President Tasked with generating, analyzing and underwriting a portfolio of international reinsurance business for this $ million revenue subsidiary of the billiondollar parent. Personally produced and underwrote approximately $ million of business annually on average for over years minimum $ million to a maximum of $ million, resulting in total written premiums of over $ million with a combined ratio of % including IBNR and a total underwriting profit of over $ million. Promoted to Vice President in . Technically assessed and underwrote treaties and provided market and cedent analysis. Developed excellent network of worldwide contacts with brokers, cedents and other insurers, utilizing language skills. Managed all International NonProportional underwriting from until . In , assisted in creation of department&;s matrix management system blending management of particular territories with oversight of specific types of business. After , Accounts/Markets served as primary territorial underwriter included: France, Benelux, Middle East, Japan, Korea, and the Caribbean, with shared or secondary responsibilities for the remainder of Asia, Australia, New Zealand, Spain and Portugal. Was responsible Line Manager of Per Risk Excess portfolio as well as treaties covering facultative accounts ­ established underwriting policies and procedures for these lines of business ­ and was the lead underwriter on several large Per Risk Excess programs. Participated on projects focusing on refining corporate underwriting and marketing procedures. Internal and External Presentations: · · To fellow employees and management both local subsidiary and senior parent company on topics such as the Kobe earthquake, the structure of the Middle Eastern insurance markets and Per Risk Excess underwriting. At client management conferences on the role of reinsurance in the general insurance market as well as on the international operations of US reinsurers. Page · Mead Reinsurance Company, Paris, France Mead Réassurance, S.A. Lafayette Re Assistant Vice President, International DirecteurAdjoint, International Operating overseas as DirecteurAdjoint, Mead Réassurance S.A., one of three responsible for establishing the Mead Re group overseas, with a DTIapproved London branch office, reporting directly to the CEO. Established a Facultative Department and had total P&L responsibility for its operations ­ underwrote $ million in premiums per year after months&; operation. Directed all activities of the Facultative Department including production, underwriting, policies and procedures, structuring and purchasing of reinsurance protections and reporting to management. Trained and supervised facultative underwriting employees. Additional responsibilities included Manager of Human Resources for the French subsidiary in which language ability was critical. Utilized communications skills to produce business and to assist management, as well as to make presentations to market associations, senior management and others. · Compagnie Européenne de Réassurances, Paris, France SousDirecteur, Compagnie Européenne de Réassurances Assistant Vice President, Armco Financial Services Europe European Agency Manager, Bellefonte Insurance Company Unparalleled success both as Facultative Manager and as European Agency Manager earned promotions to SousDirecteur and Assistant Vice President. Established a Facultative Department and had total P&L responsibility for its operations expanded to over $ million in premiums after years of operation. Directed all activities of the Facultative Department including production, underwriting, policies and procedures, structuring and purchasing of reinsurance protections and reporting to management. Trained and supervised facultative underwriting employees. Successfully closed down US Affiliate Company&;s European operations underwriting agencies in Belgium, the Netherlands, Switzerland, Greece and Cyprus due to corporate restructuring in the US, including discharge of unauthorized company employees in Greece. Promoted to SousDirecteur in and Assistant VP in . Utilized communications skills to produce business and assist management, as well as to make presentations to market associations, senior management and others. Page · Continental Insurance Company, Brussels, Belgium Benelux Representative The youngest representative ever assigned overseas. Reversed declining sales/market share in the Benelux countries of Belgium, the Netherlands and Luxembourg. Sole representative of Continental in the Benelux countries ­ represented the company in the local markets and with the local subsidiaries/affiliates. Managed Brussels office with assistance from the local subsidiary including planning, control and underwriting functions. Monitored operations of agents and local subsidiaries/affiliates including reviewing financial reports, operating plan and major acceptances to assure alignment with corporate objectives and guidelines. Produced and underwrote profitable portfolio of facultative business. Handled local portfolio of HomeForeign US multinational business, directing issuance of local policies as part of multinational insurance programs. Reported on market developments to regional and senior management in monthly reports, quarterly financial analyses and annual regional planning meetings. Page

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