Ken J. Hawkins
Daniel Linton
Arthur R. Randolph II
Nicholas Gurgone
Darcie R. Truttmann
Derek W. Freihaut
Robert J. Walling III
Jordan R. Paszek
Gregory W. Fears, Jr.
Erich A. Brandt
Joseph A. Herbers
Timothy C. Mosler
Aaron N. Hillebrandt
Laura A. Maxwell
The Pinnacle team was very responsive and helpful on every aspect of the engagement, including several ad hoc information requests made by the auditors.
Pinnacle helps alternative market risk owners, captive managers and service providers determine risk retentions that optimize the balance between the cost of risk transfer and loss volatility.
Pinnacle provides loss reserve analyses and other diagnostics in support of collateral negotiations associated with deductible and/or self-insured retentions.
Pinnacle is experienced developing cost allocation mechanisms by member or department in the most equitable manner using elements such as – exposure, geographic cost differences and actual loss experience.
Management sometimes wishes to reflect the time value of money in funding projections, accruals for unpaid claims liabilities and other valuations. The two most important parameters for doing so are the assumed interest rate and the underlying claim payment pattern. Assessing reasonable values for these parameters is not trivial as the interest rate may need an adjustment for risk while the claim payment pattern may not be readily available.
Pinnacle has extensive experience helping insurers, captives, and self-insurance programs determine appropriate dividend levels and actuarial sound allocation methods.
As a captive manager, you need a trusted actuarial advisor who is not only technically competent but can also communicate in plain language while offering outstanding insight, analysis and service.
We offer a full range of actuarial services specific to the needs of captive managers. From traditional services, such as loss reserve and funding analyses for exposure within deductibles or self-insured retentions to comparing alternate program structures with retention levels to feasibility studies, we have the expertise necessary to help you drive better business decisions.
Pinnacle has expertise in a wide variety of lines of coverage, alternative risk transfer structures, regulatory jurisdictions and industry niches. Our expertise has been developed by our team of experienced consultants who understand the specific needs of captive managers, but also with the local knowledge unique to individual market segments.
As nationally-respected experts in alternative markets, we also offer a full range of actuarial services to a wide variety of self-insureds, including traditional loss reserve analysis for exposure within deductibles or self-insured retentions. We regularly assist clients to comparing alternate program structures, analyze retention levels and developing feasibility study documents. Regulatory authorities in jurisdictions around the world respect our quality work.
We understand the insurance challenges public entities face and we are equipped to help you meet them, regardless of your insurance program and service providers. We’re well versed on the Governmental Accounting Standards Board Statement No. 10, and understand the impact for state and local governmental entities, their public entity risk pools and other relevant accounting guidance.
Our commitment to captive managers goes beyond the basics to understanding the unique requirements of your specific industry, providing insight to a range of likely outcomes and providing you with the intelligence you need to succeed.
May APEX Webinar Hybrid Captives: Opportunities and Challenges Authored by Robert J. Walling III.
April APEX Webinar When Enough Is Enough - Captive Capital Authored by Nicholas Gurgone and Daniel Linton.
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Audit Support & Risk Transfer More »
Pinnacle provides audit support for captive insurers to a major accounting/audit firm. The audit support typically includes a review of the actuarial report and supporting documents to determine if the actuarial report adheres to professional standards and provides a reasonable estimate of held reserves. As part of this support we interact with the actuaries who developed the report in order to answer any relevant questions. Another frequent element of audit support engagements is risk transfer analysis. Pinnacle has developed a state-of-the-art approach to risk transfer modeling; our publications and presentations at industry trade shows have been well received. Ultimately, Pinnacle produces a report with relevant comments and our conclusions that provide the necessary documentation for the auditing firm.
Bermuda SAO More »
Pinnacle provides the loss reserve analysis and statement of actuarial opinion to the Bermuda-domiciled captive of a major national long haul trucking company for over a decade. This reserve analysis examined the captive's coverages for excess automobile liability coverage, deductible reimbursement under a large deductible workers compensation policy and cargo liability and physical damage coverages. The analysis utilized both company loss development triangles and industry benchmarks. Once the reserve analysis was completed and discussed with the client, the statement of actuarial opinion was produced to comply with regulatory requirements. Our excellent working relationship with the captive’s auditors simplifies the work of both firms on behalf of the captive.
Funding Study More »
Pinnacle was approached by an aircraft manufacturer to provide recommended funding for various aviation and liability coverages. Pinnacle’s initial steps included discussing coverages to be provided and what data was available to complete the funding study. The captive was a start-up with no loss information on which to determine appropriate funding levels. Pinnacle was able to determine that the National Transportation Safety Board (NTSB) had a database of aircraft incidents that recorded both the manufacturer and model of the aircraft involved in the incident. Since the manufacturer was able to provide the number of units produced, Pinnacle was able to determine the frequency and severity of the incidents and project ultimate funding levels. The captive is currently operational after receiving regulatory approval.
At Pinnacle, we partner with you to explore whatever path it takes to find the answers you need.
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July 17, 2022 Farm Bureau Actuarial Conference
July 21, 2022 July APEX Webinar - Causes of Recent Adverse Development