Alan E. Lange, FCAS
Norfolk, MA 02056
Property/Casualty Actuary with over 20 years of experience in insurance company settings.
Negotiated and purchased $250 Million catastrophe reinsurance program. Managed all facets of
catastrophe related risk for $400 Million homeowners book. Estimated and set IBNR reserves
through major claims department reorganization. Recognized expert in catastrophe risk
management. Enjoy solving problems, new challenges and improving efficiency.
Brings innovative approaches to complex insurance problems.
Proven catastrophe risk management and modeling experience.
Trusted member of management team.
Manager, Catastrophe and Risk Analysis, Homesite Group Inc, 2000-2010. Managed all
catastrophe related risk, including reinsurance purchasing. Managed corporate loss reserving
including year end financial reporting (Schedule P).
Designed and implemented Catastrophe Risk Management plan for $400 Million
Homeowners insurance book of business. Convinced Senior Management to balance potential
growth in riskiest geographies until sustainable rates were in place.
Developed and implemented proprietary Wildfire risk model for California, Arizona, New
Mexico, Colorado and Utah. Recently evaluated and negotiated move to purchasing external data
to expand model coverage to 13 western states.
Successfully negotiated and purchased Catastrophe Excess of Loss protection as well as Per
Risk reinsurance at favorable prices over the course of the past five years. Most recently,
purchased $250 Million of catastrophe coverage.
Analyzed potential reinsurance contracts from cost/benefit and corporate risk tolerance points
Developed reinsurance cost allocation methodology to appropriately apportion reinsurance
costs and retained capital costs to state and other arbitrary subgroups.
Managed all catastrophe modeling activity for Homesite including quarterly analysis of
portfolio, including trend analysis and projection.
Managed overall corporate reserve process to maintain conservative financial position.
Supervised team with diverse skills to accomplish goals.
Senior Consultant, Applied Insurance Research, 1999-2000. Insurance expert for leading
catastrophe modeling company.
Provided financial modeling support to CLASIC/2 development team so that various
insurance and reinsurance contracts were accurately modeled in stochastic catastrophe model.
Managed client analysis for active hurricane events for several large personal lines insurance
Managed hurricane model certification effort for getting the AIR model accepted by the
Florida Commission on Hurricane Loss Projection Methodology.
Actuary, Orion Capital, 1993-1999. Various actuarial roles for multi-line insurance carrier.
Corporate reserving and financial reporting.
Actuarial support for Security Reinsurance Company.
Actuarial support for Connecticut Specialty group: MGA program business.
Senior Actuarial Assistant, Travelers Insurance, 1987-1993. Progressively more responsible
Rate adequacy and pricing for Agency Commercial Automobile insurance.
Residual market pricing for Commercial Automobile and Workers' Compensation.
Pricing Model support for mid-size national accounts.
Homeowners rate adequacy analysis.
Education & Training
Fellow of the Casualty Actuarial Society
Member of the American Academy of Actuaries
Master of Science, Computer Science, Rensselaer, Hartford, CT, 1999
Bachelor of Arts, Mathematics, Whitman College, Walla Walla, WA, 1987
Software and programming:
RMS RiskLink, AIR CLASIC/2, Microsoft Office (Excel, Access, Word, PowerPoint)
SQL, Visual Basic, C++, Python
Professional & Community Activities
Panelist at Casualty Actuaries in Reinsurance Seminar
Panelist at Casualty Loss Reserve Seminar
Board Member and Referee Assignor, King Philip Soccer Association
Certified Soccer Referee