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Download Mr. Ogden's
Biography in PDF format Dale F. Ogden Professional
Biography
Dale F. Ogden has had more than thirty-five years of actuarial
and insurance-related work experience and has provided a variety of actuarial
and consulting services to insurance and reinsurance companies, regulators,
captive insurers, risk retention groups, accounting firms, attorneys,
self-insureds, government entities, individuals, and owners and would-be
owners of insurance and reinsurance companies. His services to clients have
included: + traditional
casualty actuarial services: loss and loss adjustment expense reserve
analysis (including assistance with tax matters), ratemaking, and formal
Statements of Actuarial Opinion regarding loss and loss expense reserves; + reinsurance:
risk transfer analysis under statutory and GAAP accounting rules (and for
federal tax purposes) grams, cost-benefit analysis and negotiation of ceded
reinsurance contracts, evaluation and negotiation of commutations of
reinsurance treaties, and design and pricing of traditional and
non-traditional reinsurance contracts on behalf of both ceding insurers and
reinsurers; + mergers
and acquisitions: actuarial and fair-market evaluations of insurance and
reinsurance companies, operational and due-diligence reviews, deal
structuring and negotiations for mergers, acquisitions, and changes in the
corporate ownership or structure of insurance and reinsurance companies; + corporate
reorganizations: recommending, planning, and managing corporate reorganizations,
rehabilitations and liquidations, including partial and complete withdrawal
from particular states, regions, lines of business, or types of accounts; + management
information systems: profitability and financial analysis, cash flow
analysis, proper application of statutory and generally accepted accounting
principles and practices; budgeting and strategic planning, including
recommendations and assistance in the implementation of specific profit
enhancement activities; + risk
selection: underwriting, risk classification, pricing and risk selection, and
the use of deductibles, exclusions, and other underwriting and pricing tools; + general
management and operational studies, and troubleshooting for insurance and
reinsurance companies, and manufacturing and service organizations. He has provided consulting services in virtually every product area
of insurance (other than life insurance), including almost all property and
casualty coverages, traditional and finite reinsurance, excess and surplus
lines, general liability, workers compensation, personal and commercial
automobile liability and physical damage, marine, aviation, commercial and
homeowners multiple peril, professional liability, products and completed
operations liability, directors and officers liability, title insurance,
fidelity, surety, health, dental, and continuing care retirement communities.
He has provided assistance in designing, funding, and reserving for
self-insured programs involving workers compensation, general liability,
products liability, professional liability, automobile liability, and other
types of exposures. Employment Experience Prior to reactivating his firm in late 1994, Mr. Ogden was a Senior
Manager in the Los Angeles, California, Office of KPMG LLP, where he was in
charge of providing casualty actuarial services, principally for clients
located in the western regions of the United States; he also continued to
assist his preexisting clients in other areas. Prior to his rejoining KPMG in
1991, he was self-employed for four years, providing actuarial and management
consulting services to a variety fo clients. Before moving to California and founding Dale F. Ogden &
Associates in 1987, he was Executive Vice President and Chief Operating
Officer of Kramer Capital Consultants, Inc. (“KCC”), based in New
York, New York, Greenwich, Connecticut, and Los Angeles, California. His work
included providing casualty actuarial services, strategic planning,
underwriting and claims reviews, operational audits, and assisting with due
diligence for mergers and acquisitions. He designed and helped implement
corporate reorganizations, rehabilitation and liquidation plans, reinsurance
treaty audit and commutation programs for both reinsurers and ceding
insurers, and claim expense control programs. He assisted clients in
negotiations with reinsurers, banks, potential investors, and regulators. He
was responsible for organizing, staffing, and supervising virtually all of KCC’s assignments. During his tenure at KCC, he
also served as an officer and director of Kramer Capital Consultants, Kramer
Capital Managers, KCP Holding Company, National American Insurance Company of
California, and Kramer Risk Services, and was a General Partner of Kramer
Capital Partners. He was chief architect of the voluntary liquidation plan of Universal
Reinsurance Corporation and other voluntary liquidations and reorganizations
of insurance and reinsurance companies. In 1985, he was appointed Chief
Executive Officer of the National American Insurance Companies, a $120
million (1985 premium) group of four insurance companies, during their
reorganization and voluntary withdrawal from underwriting. He obtained the
approvals for the transactions necessary to effect the reorganization from
insurance regulators in several states, and frequently dealt with
policyholders, agents, reinsurers, brokers, and attorneys to effect a orderly
and cost-effective withdrawal from underwriting. He reorganized the
companies’ operations, consolidated all remaining run-off business into
the California-domiciled company, consolidated all operations at one
location, and assisted the Companies’ ultimate parent with the sales of
its widely-licensed shells to non-related parties and of the remaining
operating entity to an affiliate of Kramer Capital Consultants. Prior to joining KCC, Mr. Ogden was a Manager in the New York Office
of Peat, Marwick, Mitchell & Co. (now KPMG LLP), where he provided
casualty actuarial consulting services and assisted with the audits of
insurance and reinsurance companies and self-insured entities. Prior to
joining Peat Marwick, he was Chief Actuary for the Maryland Automobile
Insurance Fund, where his responsibilities included rate revision, loss and
loss expense reserve analysis, and the design and implementation of
statistical systems and management reports. Prior positions in the insurance
industry included field underwriting and claims investigations and a brief
period in life insurance sales. His insurance experience began with part-time
and summer work as a field representative for Equifax Services, Inc., in
Baltimore, Maryland, while in college and while employed as a high school
mathematics teacher in Baltimore City. Background & Education Mr. Ogden received a Bachelor of Arts degree in mathematics from
Towson State University, where he served as a director of the Alumni Association.
He did postgraduate work towards an MBA in actuarial science at Loyola
College of Baltimore, and has completed actuarial, insurance, and
management-related courses at the College of Insurance and other
institutions. He continues his professional education as a participant and
frequent speaker at professional and industry seminars and workshops. He has
been an instructor for actuarial, accounting, and CPCU courses, and has
testified as an expert before courts of law, state insurance departments, and
state legislative committees. He provided technical assistance to the Federal
Emergency Management Agency in its evaluation of proposed federal legislation
related to insurance and reinsurance for natural disasters and, on two
occasions, assisted the Hawaii State Legislative Auditors, with an evaluation
of the property and casualty section of the Insurance Division of the Hawaii
Department of Commerce and Consumer Affairs, and with an evaluation of its
property and casualty rating laws and regulations, particularly as they
related to workers compensation. Dale F. Ogden is an Associate of the
Casualty Actuarial Society (“ACAS”) and serves on the Committee
on the Casualty Loss Reserve Seminar. Previously, he served on the CAS
Committee on Reserves for more than ten years, as Vice-Chair of the CAS Task
Force on Reserving Principles, and as a member of the Committee on Financial
Reinsurance. He continues to serve on various reserve-related CAS working
groups. He is also a Member of the American Academy of Actuaries
(“MAAA”) and currently is Vice-Chair of the Committee on Property
Liability Financial Reporting (“COPLFR”), where he is a member of
the Reinsurance Risk Transfer Subgroup and the Reserve Opinion Practice Note
Subgroup. He is also a member of the Casualty Committee of the Actuarial
Standards Board. From 2007 through 2009, he was Chairman of the
Academy’s “Effective Property-Casualty Loss Reserve
Opinions” seminar, a “Boot Camp” for Actuaries who issue
NAIC Statements of Actuarial Opinion. Previously, he served on the American
Academy’s Committee on Property and Liability Issues and was a
principal author of the Academy’s Statement of Position regarding
proposed regulations implementing California’s Proposition 103 in the
early 1990’s. |
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