Consulting Team Member

LEE  ASBRIDGE

 

CURRICULUM VITAE

 

 

LEE  ASBRIDGE

 

Professional Summary

 

Lee Asbridge has over 46 years of experience in the businesses of insurance, reinsurance and receiverships. Claims experience includes adjustment, settlement and adjudication of primary and excess claims of all property and casualty lines of business including long term exposure, professional liability and inland and ocean marine coverages. Reinsurance experience includes ceded, assumed and retroceded business as a direct writer and intermediary including 10 years as founder, principal and president of a reinsurance intermediary firm. Lee has successfully utilized that experience with receiverships since 1991 part time, 1994 full time, and since 2006 as an independent consultant to evaluate and adjudicate claims, recover reinsurance collectibles, and assist in litigation, arbitration and mediation of contested claims or recoveries to facilitate estate closure.

 

07/2006 – Present Independent Consultant to assist the Oklahoma Department of Insurance with evaluation and adjudication of professional liability claims in the Supervisory Court, determine and collect reinsurance balances, testify as fact witness in litigation and arbitration, and serve as liaison with the Oklahoma Property and Casualty Insurance Guaranty Association to facilitate estate closure.
 
07/1994 – 07/2006 Office of the Special Deputy Receiver (OSD).
 
02/1997 – 07/2006 Reinsurance Manager.
As Reinsurance Manager the first order of business was to reorganize the reinsurance department and reduce out sourced staff. Managed the day to day activities of reinsurance personnel for companies in receivership. Lines included all forms of property and casualty primary and excess business and assumed, ceded and retroceded business, U.S. domestic and foreign carriers. Departmental duties included overall administration and technical guidance in contract analysis, claim evaluations, accounting and collections from reinsurers and retrocessionaires.
 
09/1996 – 02/1997 Assistant Manager/Long Term Exposures.
As Assistant Manager/Long Term Exposures (LTE) supervised and trained staff to evaluate and estimate LTE claims. LTE claims included environmental impairment, malignancies, toxic and other mass torts. With substantial training and team effort costs were cut by eliminating consulting services, appropriating and developing experienced personnel to analyze, estimate and adequately reserve exposures thereby initiating the company’s first in house LTE unit.
 
07/1994 – 09/1996 General Adjuster.
As General Adjuster supervised a team of consultants to evaluate and estimate LTE claims.
 
11/1989 – 07/1994 Independent Reinsurance and Claims Consultant.
Assignments with Gallagher Bassett, Crum & Forster to evaluate high dollar exposures and two years cumulative with OSD, all for financially impaired companies in run off or receivership.
 
12/1979 – 11/1989 ReSources Inc., Intermediaries.
President.

Founder, principal and president responsible for management of the firm including underwriting, pricing, production and placement of reinsurance arrangements, product development, reinsurance recoveries and profit.
 
02/1978 – 12/1979 REINCO Intermediaries.
Sr VP in Charge of U.S. Operations.

Company domiciled in Paris. Responsible for production and placement of reinsurance business on behalf of U.S. domestics.
 
09/1976 – 02/1978 RFC Intermediaries.
Vice President.

Responsible as intermediary and consultant for the production, underwriting and placement on behalf of U.S. domestics.
 
05/1975 – 09/1976 National Reinsurance Corporation.
Vice President.

Accountable for underwriting, claims and risk management of a portfolio of assumed U.S. domestic business.
 
01/1973 – 05/1975 American Mutual Reinsurance Company.
Assistant Vice President.

Entry level position to AVP in less than 18 months. Responsible for management and production of a portfolio of U.S. business.
 
General Comment Entered the insurance business in March, 1964 for GAB as entry level adjuster handling property and marine claims. Then 9 years adjusting claims all lines including losses to small commercial and pleasure water craft. At the time of departure from the primary insurance business in 1973, had attained the position of Prepoerty Claim Manager for the Reliance Group.
 
General Education Carthage College, Kenosha, WI. South Suburban College, South Holland, IL.
 
Insurance Education GAB Adjuster Basic School Chicago, IL
Insurance School of Chicago Chicago, IL
Insurance Institute of America Chicago, IL
Vale Technical Institute Blair, PA
Insurance Principles and Practices Chicago, IL
Reliance Management School Philadelphia, PA
Chicago Board of Underwriters Chicago, IL
Reinsurance Reasoning Dallas University
Irving, TX
 
Environmental Trained at Massachusetts Maritime Academy, Buzzards Bay, MA, attained rank of Qualified Individual at the level of On Scene Incident Commander for oil spill response and other hazardous materials in compliance with the Code of Federal Regulations, Oil spill Act of 1990, and OSHA standards.

 

 

 

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