CHARLES F. BARR, Esq., CPCU, ARM
82 Main St.
Ashburnham, MA 01430
charlesfbarr@gmail.com 203-733-8221 www.CFBarrADR.com
EXPERIENCE
LAWYER, ARBITRATOR & EXPERT WITNESS www.CFBarrADR.com 2010- Present
Arbitrator certified by ARIAS, FINRA and AAA.
GLOBAL RE/INSURANCE BROKER Remote 2020-Present
Global Reinsurance Intermediary-Broker Seconded to Legal Department
Providing advice on law, regulation and practice to a segment of a global broker and consultant regarding: reinsurance/insurance/surplus lines operations; Insurance Linked Securities & reinsurance; investment funds and catastrophe bonds; protected cell and segregated account insurers; and broker-dealer/placement agent operations for cat bonds and municipality clients.
HOUSTON INTERNATIONAL INSURANCE GROUP Houston, TX
International Specialty Insurer Interim General Counsel; Vice President Two Years Consultant to CEO; Manager of TPA Claims
PRIVATE-PLACED VARIABLE LIFE & ANNUITIES Remote to Puerto Rico & Cayman Two Years
Offshore Life & Annuity Insurers Consultant – Policy & PPM Advisor
Drafted variable universal life and deferred variable annuity policies and associated private placement memoranda.
WILTON RE Norwalk, CT Two Years
Life & Annuity Insurance Run-Off “Aggregator” Compliance Consultant
Administration, troubleshooting and compliance of universal life and annuity policies that were assumption-reinsured and novated from the original issuer.
NAVIGATORS INSURANCE COMPANY Stamford, CT Two Years
International Marine and Specialty Insurer Interim General Counsel; Sr. Legal Advisor
LOUISIANA WORKERS’ COMPENSATION CORPORATION Baton Rouge, LA Two Years
Mutual Workers’ Compensation Insurer General Counsel, SVP & Secretary
GLOBAL INDEMNITY, LTD. Philadelphia, PA One Year
Private-Equity-Owned Re/Insurer General Counsel, SVP & Secretary
ARIEL REINSURANCE COMPANY LTD. Hamilton, Bermuda Two Years
Private-Equity-Owned Bermuda Property Cat Reinsurer General Counsel & Secretary
XL CAPITAL LTD. Hamilton, Bermuda & Stamford, CT Five Years
Public Re/Insurer – US, Bermuda, UK, EU General Counsel & Secretary – Executive Mgt Board
BENFIELD INC. Westport, CT Two Years
Reinsurance Intermediary General Counsel & Secretary
GENERAL RE CORPORATION Stamford, CT Eleven Years
Public Re/Insurer, Swap Dealer & Investment Advisor General Counsel & Secretary
GENERAL ACCIDENT INS CO OF AMERICA General Counsel Two Years
RELIANCE INS/UNITED PACIFIC LIFE INS General Counsel, Life Insurance Six Years
COMMERCIAL UNION INSURANCE COMPANY Asst General Counsel Four Years
AETNA LIFE & CASUALTY Commercial Casualty Underwriter Four Years
ACCOMPLISHMENTS
Re/Insurance. Advised reinsurers, licensed and surplus lines insurers, life re/insurers and Managing General Agencies; managed State Filings Unit (rate, rule and form approvals); handled regulated investments and intricate holding company structures and affiliate transactions; developed hybrid financial/reinsurance products using derivatives.
Public Company Board Secretary; 34 Act Disclosure; Compliance; Enterprise Risk Management.
Derivatives. Formed, tax-structured and advised global derivative dealers and associated broker-dealers; trained a global derivatives legal and ISDA documentation unit of 15; designed and implemented protocols for netting of gains and losses by country for credit control purposes.
Investment Advisor. Created an exempt Investment Advisor from within the Investment Department of General Re; acquired/advised a registered Investment Advisor.
Reinsurance Intermediary. Advised on broking matters and brokerage disputes, employment contracts, hiring teams and enjoining those leaving, and specially designed solutions for ceding clients.
Mergers/Acquisitions. Formed/bought/sold re/insurers and MGAs; formed and privately-placed a property catastrophe reinsurer (Tempest Re) in five months during the 1993 hard market; acquired German reinsurer Cologne Re via tax structuring and a Luxembourg s.a.r.l. that avoided capital gains tax to the seller; acquired National Re; sold General Re Corp to Berkshire Hathaway; assumption reinsured and novated NY business from national insurers into newly formed NY subsidiaries (franchise tax savings); bought and sold brokers and MGUs.
Problem Solving. Negotiated an industry and regulatory work-out of the Unicover Managers debacle in 1999 involving a Workers Compensation carve-out reinsurance spiral, saving Cologne Life Re over $500 million of additional underwriting loss and other reinsurers from over $2 billion of underwriting loss.
Troubleshooting. Managed XL Capital’s interaction with: AG Spitzer regarding PSA, Antitrust and Tie-In investigations; and SEC & DOJ on Finite Products and Municipal Guaranteed Investment Contracts. At General Re won a reversal before the Second Circuit Court of Appeals of a loss-allocation-based mail fraud conviction predicated on non-existent fiduciary duties of the underwriting/claim manager subsidiary (USAU), reversing a $20 million fine and five-year prison sentence for the former CEO.
Board-Level Tutorials. Internally published tutorials suitable for directors on profitability of long tail combined ratios over 100%, corporate actuarial reserving as distinct from case-based-estimates set by the claims department, reinsurance purchasing, and how credit default swaps in 2008 were actually an insurance-hedging debacle, not a derivatives-hedging debacle.
EDUCATION
J.D. Cum Laude, Suffolk University Law School, Boston, Ma.
B.A. Cum Laude, Boston College, Chestnut Hill, Ma.
MA and CT Bar; Chartered Property & Casualty Underwriter; Assoc in Risk Mgt
Arbitrator Certified by ARIAS, FINRA & AAA.
Married; Six Adult Children.