(PRWEB) August 15, 2003
Minneapolis, MN (PRWEB) Â August 15, 2003 Â John B. Collins Associates, one of the worldÂs leading reinsurance brokerages, today announced that Jim Grant, Senior Vice President, will speak on Terrorism Reinsurance for Health at the Society of ActuariesÂ Valuation Actuary Symposium in San Diego on September 11, 2003. Mr. GrantÂs presentation will be part of a Health Reinsurance panel discussion moderated by William F. Bluhm, Principal & Consulting Actuary at Milliman USA.
ÂThe terrorist attack on the World Trade Center and the Pentagon on September 11, 2001, was the costliest global insurance event in history, causing ten times the level of losses suffered from Hurricane Andrew in 1992,Â said Mr. Grant. ÂWith the Terrorism Risk Insurance Act (TRIA) of 2002, the U.S. government created a backstop for property and casualty insurers, but didnÂt address the health insurance market. Fortunately, modeling and reinsurance is now available for this industry. Working with the reinsurance markets, Collins has developed creative solutions specifically for terrorism coverage in the health insurance arena.Â
ÂWhile terrorism coverage is still underutilized, there is positive movement toward understanding and managing these risks,Â according to Pat Denzer, President and co-CEO of Collins. ÂJim Grant brings a valuable perspective to this topic, with more than 25 years of insurance industry experience, particularly in the Life/Accident & Health reinsurance segment.Â
Mr. Grant, CFP, CLU, has been with John B. Collins Associates since 1992. Before joining the firm, he spent twelve years with CIGNA, most recently as Regional Vice President of Sales and Marketing for CIGNA Re. Mr. Grant received a BA degree in Mathematics from Dartmouth College, an M.Ed. in Counseling from the University of Virginia and an MS in Management from the Hartford Graduate Center.
The Valuation Actuary Symposium will be held September 11-12, 2003, at the Hotel Del Coronado in San Diego. For more information on this conference, visit the Society of Actuaries Web site at http://www.soa.org.
About the Society of Actuaries
The Society of Actuaries is an educational, research, and professional organization dedicated to serving the public and Society members. Its mission is to advance actuarial knowledge and to enhance the ability of actuaries to provide expert advice and relevant solutions for financial, business, and societal problems involving uncertain future events.
About Collins Associates
John B. Collins Associates is one of the ten largest reinsurance brokerages globally, and consistently ranks among the fastest growing. The privately-held company provides reinsurance and risk transfer assistance along with associated analytical services including catastrophic modeling, dynamic financial analysis and actuarial services. Collins Associates is a leader in the agriculture/crop, life/accident & health and property & casualty reinsurance segments. The company operates ten offices across the U.S., in addition to London and Bermuda. An independent brokerage, Collins Associates maintains relationships with all major reinsurers. For more information, contact Tom Pick, Director of Corporate Communications, at 952-820-1003 or firstname.lastname@example.org.