Robert Bear is a Property and Casualty Consulting
Actuary, Reinsurance Consultant and Insurance Arbitrator in the firm he has established, RAB Actuarial Solutions LLC. In addition
to his traditional actuarial consulting assignments, he has served as an insurance arbitrator and as an actuarial and reinsurance
expert witness in arbitration proceedings, provided litigation support and resolved complex insurance coverage claim disputes.
He has been retained once as a party appointed arbitrator
(the case was resolved with a reasoned award), three times as an actuarial expert in insurance and reinsurance arbitration
proceedings, twice as an actuarial expert to resolve disputes arising in a London solvent scheme of arrangement, and he has
provided litigation support in five cases.
He
was retained by the plaintiff in two of the five litigation support cases. In the two cases where he served as an actuarial
expert to resolve claim disputes for a London solvent scheme of arrangement, he essentially fulfilled the role of an umpire
in resolving those disputes.
Most
of his litigation support and expert witness work has related to loss reserving issues and/or insurance policy (or reinsurance
contract) issues. One litigation support case related to intellectual property rights, while another involved a shareholder
class action suit. Another case involved the impact that a potential large claim settlement could have on a company's rating
and ability to continue in business based upon capital requirements.
He has been deposed as an actuarial expert in one insurance arbitration case and in two reinsurance
arbitration cases. He has testified before one reinsurance arbitration panel. He was approved by a court to testify as an
actuarial expert but his testimony was not needed.
Robert Bear is a Fellow of the Casualty Actuarial Society (FCAS), an ARIAS-U.S. certified insurance and reinsurance
arbitrator, a Chartered Property Casualty Underwriter (CPCU), and a member of the American Academy of Actuaries (MAAA).
He currently serves as Chairperson of the CAS Dynamic
Risk Modeling Committee and as a member of the ARIAS-U.S. Technology Committee and the AIRROC Actuarial Committee. He
also co-manages the Linked In professional groups focused on discussion of Commercial and Industry Arbitration and Mediation
issues and Reinsurance Claims issues.
