Having learned risk management skills the hard way–through years of experience dealing with problematic loss issues–a select group of insurance company actuaries have added CRO to the list of credentials they've earned in recent years.
Seeing “the dark side of how bad things can get certainly helped me appreciate risk,” said Michael Angelina, chief risk officer of Endurance Specialty in Bermuda–one of several members of the Casualty Actuarial Society who spoke with National Underwriter last year about the growing number of actuaries being counted among the ranks of CROs in the property-casualty insurance and reinsurance industries.
Mr. Angelina, before joining Endurance in June 2005, had worked as a consulting actuary for Tillinghast–where he authored often-quoted reports on asbestos liabilities and participated in developing proposed federal asbestos legislation in 2003.
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