MaryAnn Cassidy Reinsurance Consultant

Senior Consultant

Alan H. Gray Companies New York, NY

• Managed reinsurance premium and loss accounting for global commercial insurance company. Provided monthly reinsurance accounting management report and supported Schedule F reporting.
• Managed catastrophe reinsurance collections for a major insurance company. Tracked and helped to facilitate over $1.8 billion in reinsurance collections. Managed and addressed reinsurance inquiries, supported collateral management for non-admitted markets and prepared bi-monthly reports for executive management.
• Quantified workers’ compensation claim exposures to prepare commutation proposals for reinsurance contracts.
• Audited client company’s accounting records to identify and correct erroneous transactions, balance premium and loss accounts, collect over $2 million in accounts payable and continue managing monthly accounting for treaty program in run-off.
• Assisted with a forensic accounting project which documented for a client all premium and loss transactions through a group of intermediaries and sub-brokers; the resulting work was used to help collect millions in unpaid reinsurance claim balances.
• As the subject matter expert for a reinsurance system requirements project, identified the data elements needed to automate cessions to reinsurance treaties and facultative markets at the point where the primary underwriting is completed.
• Completed bank reconciliations for TPA, prepared journal entries, and reviewed the general ledger in order to identify incorrect entries and to recommend corrective actions required to balance it.
• Prepared commutation proposal for client’s excess of loss treaties: analyzed and validated outstanding loss portfolio, applied PV factors and produced final report for presentation to brokers and reinsurers.

Human Resources Manager

American Home Assurance Company New York, NY

• Managed human resources function for 500 employee insurance company.

Assistant Director, Reinsurance

Liberty Mutual Insurance Company Boston, MA

• Worked with accounting and IS departments to develop a reinsurance accounting system.
• Provided home office underwriting assistance and referral service to field employees writing umbrella and auto/transportation business, prepared insurance policy pricing alternatives and negotiated improved pricing terms with reinsurers.
• Negotiated contractual changes with brokers and reinsurers to help improve terms and conditions included in corporate reinsurance treaties covering standard casualty covers as well as treaties covering specialty coverages such as employment practices liability insurance and environmental impairment liability.
• Led initiative to standardize treaty contract language.

Senior Analyst, Reinsurance

AIG Lexington Insurance Company Boston, MA

• Computed and reported profitability figures for all contracts included in the company’s reinsurance program.
• Prepared annual market analysis used by company President to evaluate the financial status and capacity of the company’s key competitors.
• Responded to questions relating to accounts payable/receivable and resolved accounting related problems.
• Managed the preparation of reinsurance treaty proposals designed to market a large property and casualty risk portfolio.
• Prepared loss development triangles for casualty treaties and calculated impact of catastrophe losses on company’s property treaties.

Boston University – Graduate School of Management

MBA, Finance Concentration

Rowan University

BA, Communications

Cum Laude

American Institute for CPCU

ARe 141, ARe 142, CPCU 8