Paul E. Kinson, Associate, Casualty Actuarial Society
John C. Hanna Jr., Fellow, Casualty Actuarial Society
Daniel A. Sullivan, Data Control Manager, Senior Actuarial Analyst
Everett G. Bishop, a member of the independent casualty actuarial consulting firm of Liscord, Ward & Roy, Inc. since 1985, has thirty years of casualty actuarial experience. He has been a consulting actuary since 1981.
Mr. Bishop is a Fellow of the Casualty Actuarial Society [1979] and a Member of the American Academy of Actuaries [1979].
A 1973 graduate of Northeastern University [high honors in Mathematics], he served with the actuarial department of the American Mutual Insurance Companies, a major writer of Workers' Compensation and other commercial lines, for seven years, rising to Assistant Vice President and Actuary of the Companies, with responsibility for the pricing of all lines of insurance. His commercial insurer experience and responsibilities included participation on the industry actuarial committees of The National Council on Compensation Insurance, Insurance Services Office, and the Workers' Compensation and Automobile Rating Bureaus of Massachusetts.
As an independent consulting actuary, Mr. Bishop's work has included actuarial analyses of Worker's Compensation, General and Automobile Liability, Property/Casualty, Unemployment Compensation and Health. He includes among his clients 35 self-insured groups: 22 for Workers' Compensation, 7 for Property/Casualty and 6 for Unemployment Compensation. His services to these clients includes:
- Loss Reserve Analyses: the quantification of outstanding loss amounts as of a given claim valuation date that are not identifiable with particular known claims, these include an evaluation of the confidence level of funds held for reserves
- Funding Analyses: an assessment of claim costs [given the reinsurance protections] and risk [the degree to which variations from expected losses may be safely absorbed given reinsurance covers and retained funds]
- Special Studies: such as evaluation of various SIR's on the funding plan, the efficacy of aggregate excess reinsurance (probability of attachment, effect on confidence level, probability of exceeding coverage), credits for various deductibles, dividend allocations to members, loss and LAE reserves as of year end for tax purposes using IRS interest rates and payment patterns, and the development and implementation of experience rating plans designed to insure an equitable allocation of net costs among members of self-insured groups
Paul E. Kinson, an Associate of the Casualty Actuarial Society and a Member of the American Academy of Actuaries, joined Liscord, Ward & Roy, Inc. in 1988, bringing with him extensive actuarial experience in Personal Lines and the design of statistical reporting systems.
A graduate of Dartmouth College, Mr. Kinson served for a year in the Philadelphia office of Milliman & Robertson (actuarial consultants) followed by five years of actuarial service at the New Hampshire Insurance Group (a subsidiary of AIG).
Mr. Kinson served on the Casualty Actuarial Society's Committee on Management Data and Information from 1992 to 1994 and was a member of the American Academy of Actuaries' task force to develop an actuarial standard for complex models from 1997 to 2000.
At the New Hampshire Group, Mr. Kinson was responsible for providing ratemaking support for Private Passenger Automobile, Homeowners, Non-Standard Automobile, and Dwelling Fire. Further, Mr. Kinson developed quarterly analyses of profitability for both Personal Lines and Accident & Health Profit Centers; designed statistical reporting systems for use in personal lines ratemaking; and introduced improved ratemaking analysis systems and procedures.
As an independent consulting actuary, Mr. Kinson has worked extensively in:- ratemaking and reserving analyses for all lines of property and casualty insurance
- reserving analyses for self-insureds and captive insurers
- analysis of reinsurance and large deductible insurance proposals
- development and enhancement of structural simulation models for use in excess Personal Injury Protection and excess Workers' Compensation coverages
- design and implementation of statistical reporting systems, ratemaking analysis software packages, and strategic financial planning tools
- reinsurance reserving applications
John C. Hanna Jr., a Fellow of the Casualty Actuarial Society [2009] and a Member of the American Academy of Actuaries [2007], joined Liscord, Ward & Roy, Inc. in 2009.
Mr. Hanna received a Bachelor of Science in Mathematics from The University of New Hampshire in 1998, and a Master of Science in Mathematics and Statistics from the University of New Hampshire in 2000.
From 2001 to 2006 Mr. Hanna worked at the actuarial consulting firm of Milliman, Inc. While there he:- Performed loss reserve analyses for alternative market companies such as self-insurers, captive insurers, and risk retention groups as well as multi-line property and casualty insurers and;
- Assisted in the formation and ongoing operation of several alternative risk financing vehicles including self-insurers, captive insurers, and risk retention groups;
- Performed/assisted in regulatory reserve reviews and Statements of Actuarial Opinion for insurance companies and captives located throughout the United States and Bermuda;
- Reviewed captive and risk retention group applications for the insurance deparments of several states;
- Reviewed rate filings for the Rhode Island Department of Business Regulation's Division of Insurance and the New Hampshire Insurance Department.
From 2006 to 2009 Mr. Hanna worked at Liberty Mutual Agency Markets. While there he worked in both the Commercial Lines and Personal Lines departments performing rate reviews for various lines of business including workers compensation, general liability, commercial package, commercial automobile, commercial property, business owners, personal automobile, and homeowners. His work focused on the New England states, New York, and New Jersey.
JHanna@LWRinc.com
Daniel A. Sullivan, Data Control Manager, joined Liscord, Ward & Roy, Inc. in 1992. Dan brings extensive programming experience as well as actuarial experience in Personal Lines (Personal Automobile, Non-Standard Automobile, Homeowners, and Dwelling Fire).
A 1987 graduate of Saint Anselm College, Mr. Sullivan was employed at the New Hampshire Insurance Group for five years as a personal lines actuarial specialist. While there, he was responsible for performing analyses of historical experience, including profitability and rate level adequacy; development of rate proposals for the consideration of underwriting management; and the submission of the actuarial components of rate filings.
Mr. Sullivan was responsible for the design and programming of a statistical ratemaking package to track and analyze claims. This series of programs modernized the analysis of historical experience; provided improved methods for checking data integrity and applying forecasting techniques; and provided detailed analytical exhibits in a timely fashion.
As a consultant, Mr. Sullivan has programmed actuarial analytical systems for Personal Automobile, Homeowners, and Dwelling. These PC based software packages provide a flexible interactive method to review the overall rate adequacy by state as well as indicated changes to territorial base rates, classification relativities, discounts, etc. Mr. Sullivan has programmed structural simulation models which emulate the medical services required by persons catastrophically injured in automobile accidents. Additional programming has involved modeling of aggregate excess loss distributions and statistical claim summaries.
Mr. Sullivan has completed the extensive Microsoft Certified Solutions Developer program. He complements this knowledge with advanced training in Visual Basic, Access Database, Crystal Reporting and Excel. These tools represent the most robust data management available, providing optimal flexibility and interactive user capabilities, serving to strengthen LWR's ability to quickly and efficiently work with client databases.
As Data Control Manager, Mr. Sullivan offers consulting services in the area of data integrity and verification. He continues to provide on-site forums in data control management and analysis, as well as claims system evaluation.
DSullivan@LWRinc.com