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Louis A. Ontanon Consultant -- Casualty and Property Inspections At Buxbaum Loggia, Louis Ontanon is a Consultant for casualty and property inspections. Additional responsibilities include commutation strategy and asset management.
Education:
Pepperdine University , Executive MBA Program
California State University at Northridge, Bachelor of Arts
Experience:
| 2002 – 2004 |
Principal – Reinsurance Consultants |
Specialized in consulting to the insurance/reinsurance industry with a concentration in runoff, insolvency and asset recovery. Also negotiated commutations and litigation settlements for clients with reinsurers worldwide and performed due diligence audits. Provided expert witness testimony on behalf of clients in litigation. Assisted in the evaluation and creation of collection/litigation strategies.
| 1990 – 2002 |
Vice President of Reinsurance –
Transit Casualty Company in Receivership |
Developed and monitored strategies resulting in the recovery of $1.5 billion. Negotiated settlements/commutations with reinsurers worldwide. Coordinated and monitored litigation on behalf of the receivership. Analyzed the financial condition of reinsurers, reducing the credit risk from financially impaired companies. Restructured and oversaw the performance of the reinsurance technical staff and also functioned as an expert witness.
| 1985 – 1990 |
Vice President
California Reinsurance Management |
Assisted in the management of the reinsurance pool and was involved in the production of new and renewal business from the brokerage market. Participated in the underwriting of property and casualty treaty business. Responsible for monitoring assumed claims and retrocessional recoveries.
| 1983 – 1985 |
Assistant Vice President
RFC Management
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Worked with brokers in the production and service of accounts.
| 1980 – 1983 |
Reinsurance Claims Analyst
Transamerica Insurance Company |
Audited ceding companies, determined loss coverage, approved settlements and established reserves.
| 1979 – 1980 |
Casualty Claims Manager
Mercury Casualty Insurance Company |
Handled large casualty claims, attended settlement conferences and monitored litigation.
| 1976 – 1979 |
Claims Office Manager
Safeco Insurance Company |
Supervised multi-line claims office. Was promoted from field adjustor in 1977.
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