Email: bapetersen12190@aol.com                        

Professional and Business Experience

Mr. Petersen has over twenty-six years of actuarial experience. He specializes in

loss forecasting, loss reserve analysis, rate analysis, and reinsurance. As Chief

Actuary for American Bankers Insurance Company for eighteen years,

he was responsible for estimating the company’s premium rates and loss reserves. Most recently he was President of American Reliable Insurance Company, a subsidiary of the American Bankers Insurance

Group.

Education and Professional Certifications

Graduate Studies, Mathematics, 1970-1972 

San Jose State University

 

B.A. Mathematics, 1970

San Jose State University

 

Fellow, Casualty Actuarial Society (FCAS)

 

Member, American Academy of Actuaries (MAAA)

 

Fellow, Canadian Institute of Actuaries (FCIA)

Professional History

American Reliable Insurance Company, Scottsdale, AZ

1996 to March 1999: President.

Responsible for overall strategy and day-to-day operations of the

company. Marketing through general agents, MGAs and specialty agents.

Ran the total operation and was involved in all aspects of it including

marketing, underwriting, systems, etc. Personally involved in all purchases

of reinsurance. Responsible for 164 employees. Lines of business includes Mobile home,

Dwelling Boat, Animal Mortality, Farm owners, Flood, Surety, Commercial Auto, Commercial

Property and GL.

 

American Bankers Insurance Company, Miami, FL

1992-1996: Senior Vice President, Profits.

Responsible for account analysis, reinsurance, underwriting, processing

and various operational departments.

 

1990-1992: Vice President and Chief Actuary. 

Resposible for Casualty and Life Actuarial Departments.

 

1978-1990: Vice President, Actuary: 

Developed and ran the Casualty Actuarial Department. Was the company’s first Casualty Actuary.

 Responsible for all reserving and ratemaking. St. Paul Fire & Marine Insurance Company.

 

1977-1978: Senior Actuarial Assistant.

Responsible for Personal Lines ratemaking, including Auto, Homeowners,

Boats and Recreational Vehicles.

 

1972-1977: Actuarial Assistant

Handled ratemaking for Auto and Homeowners.