FCAS, MAAA, CERA
Principal and Consulting Actuary
“Ch-ch-ch-ch-Changes (Turn and Face the Strange)”
Oct 10, 2017
Disruptive Medical Technology is Changing Lives (Including Mine)
Jan 25, 2017
Puerto Rico – A Domicile on the Move
Nov 30, 2016
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March 2020 APEX
Captive Insurance, Start-Ups and Innovation
Authored by Gregory W. Fears, Jr. and Robert J. Walling III.
Risk (and Opportunity) Everywhere
Authored by Robert J. Walling III.
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Pinnacle serves many of the largest group captives in the world, many of them domiciled in the Cayman Islands. These reserve analyses are typically produced twice a year and serve multiple purposes. First, they provide a range of reasonable estimates which management uses to determine their best estimate of ultimate losses and unpaid claims liabilities. Second, these reserve estimates can then be allocated to individual members to determine the outstanding liabilities and potential future assessments, if any. Finally, the allocated ultimate losses become the basis for renewal pricing estimates for each member. Pinnacle’s approach to estimating and allocating reserves in group captives is unique in the industry and sets our alternative practice apart with its efficiency and accuracy.
Company Valuation Model
An international financial services holding company wished to become the sole owner of a company in which they had a substantial minority interest. One of our consultants designed a stochastic valuation model projecting dividend streams several decades into the future. One of the more interesting features of this model is that it did not merely arrive at a point estimate of the value of the firm but applied various assumptions to calculate a range of values. The assumptions were discussed in advance with management and the model produced a probability distribution of the value of the firm. This allowed the client to determine the likely return for a given purchase price, improving the decision making process that led to the holding company obtaining full ownership of the subsidiary.
Liquidation - Workers Compensation
Pinnacle was retained by the liquidator of a monoline workers' compensation carrier to estimate outstanding liabilities and provide expert testimony in support of the loss reserve estimation.
At Pinnacle, we partner with you to explore whatever path it takes to find the answers you need.
July 23, 2020
July APEX Webinar -
Causes of Recent Adverse Development