Insurance Services company Alan Gray, Inc. has recently taken steps to have their actuary certified by all major Captive domiciles. The initiative was spearheaded by Douglas W. Oliver. The Alan Gray, Inc. team is a leader in insurance and claims auditing services.
Online PR News – 26-May-2011 – – Boston, MA - In recent weeks Alan Gray, Inc.’s Chief Actuary and Director of Risk Management Services, Douglas W. Oliver, has undertaken an initiative to position the insurance services company as a leader in the valuation and actuarial certification of Captive insurance companies. To that end, Mr. Oliver has begun the process to become certified by all major Captive domiciles as an authorized and approved Property and Casualty Actuary.
"Doug is integral to our Captive Solution practice and claims auditing services both in terms of providing technical actuarial expertise and because of his professional experience in the design and creation of numerous Captive structures. In that regard he is a vital member of the Alan Gray, Inc. team and an asset to the industry as a whole," said Alan Gray, Founder & Executive Vice President (http://www.alangray.com/).
So far, Mr. Oliver has received approval from the Departments of Insurance in four states as an actuary authorized to certify Captive loss and loss expense reserves. He has received certification in Delaware, Montana, South Carolina, and Utah with plans to continue gaining approval.
Mr. Oliver also has applications pending with the Insurance Departments of the states of Nevada and Vermont, and will be filing similar applications to become authorized to certify loss and loss expense reserves of Captives domiciled in Arizona, District of Columbia, Hawaii, and Kentucky. In the past, Mr. Oliver has also been approved by the Bermuda Monetary Authority to provide actuarial services.
Alan Gray, Inc.'s team of experienced Risk Management Specialists includes some of the nation's leading actuaries, auditors, accountants, and claim experts. The team regularly aids organizations interested in retaining a portion of their own exposure. Many of these entities explore the use of Captives to facilitate such risk-retention strategies. Whether organizations are simply investigating the possibility of creating a Captive or they already have one established, Alan Gray, Inc. can support them in the prospective and on-going analyses and management services necessary for an effective and profitable Captive structure. Alan Gray, Inc. works with major Captive domiciles and has partnerships with experienced Captive Management firms that can assist with day-to-day financial, accounting and administrative reporting issues.
About Douglas W. Oliver:
Douglas W. Oliver is an Associate of the Casualty Actuarial Society (ACAS), a Member of the American Academy of Actuaries (MAAA) and holds an Associate in Risk Management (ARM) designation from the Insurance Institute of America. In addition, he is a member of the Risk and Insurance Management Society (RIMS), the AIDA Reinsurance and Insurance Arbitration Society (ARIAS-US) and the Professional Risk Managers International Association (PRMIA).
About Alan Gray, Inc.:
Alan Gray, Inc. was established in 1988 as a claims and audit advisory firm, and over the years has built a reputation as a cost effective, reliable and trusted resource to those involved in the management of risk. Providing operational and business processing services, and consulting on risks and exposures from the simple to the most complex, Alan Gray, Inc. is headquartered in Boston, Massachusetts.