Jeremy Starr has nearly 40 years of experience working with both life reinsurers and a direct writer. He has also been a key participant in lobbying on industry regulatory and accounting issues. His career accomplishments include:
- As chair of the ACLI Reinsurance Accounting Subcommittee, helped devise the International Accounting Standards Board’s new reinsurance accounting rules.
- Testified before panels at National Association of Insurance Commissioners (NAIC) meetings and before the IASB as reinsurance industry representative.
- As chair of the ACLI Reinsurance Committee, served as life reinsurance industry’s lead lobbyist on many issues, including what is now the APPM Appendix A791.
- Mr. Starr’s testimony in the only IRS Section 845 reinsurance court case was instrumental in a favorable ruling for the reinsurer.
Jeremy Starr’s clients include direct insurers and reinsurers, hedge funds, law firms, and more. The one thing they have in common is a need to use life reinsurance as strategically and profitably as possible.
Click each box below to learn how Jeremy Starr has helped clients do just that. And remember, these are only a few examples of the reinsurance solutions Jeremy has provided for more than 38 years.
Regulatory Compliance
Each insurer’s risk-mitigation needs are unique to their enterprise. Jeremy was able to help one reinsurer come to market with a new product by making sure that the structure passed all regulatory requirements. One client needed to mitigate certain risks which could be provided by traditional reinsurance structures, but those…Deciding on a New Line of Business
A client needed a feasibility study to determine the viability of entering a new market. Jeremy prepared a report, complete with a market survey, article review and economic review to provide enough background for them to make a decision. To answer their questions Jeremy conducted a market survey, using his…Due Diligence on Pre-IPO Funding of an Insurer
Hedge Funds often take calculated risks by investing in companies prior to their going public. Jeremy and his partner produced a report that both explained the market and how much this particular target was worth. As the Hedge Fund did not know the insurance business, part of the report was…Placement of Redundant Reserve Financing
The current level of statutorily required reserves for level term and universal life with secondary guarantees is widely viewed as redundant. In 2014, Jeremy worked with a client to place approximately $1 billion in redundant reserve capacity. Prior to 20151 the level of the redundancy was determined by the excess…
In addition to his lobbying activities, Mr. Starr has been an active participant in many aspects of XXX and AXXX solutions. He has not only created these programs, but also has ensured they were reviewed and approved within the timeframes set by the cedent.
Mr. Starr created and led an acquisition department where companies and closed blocks of business were purchased. He also ran the reinsurance ceded business of a direct writer and led a financially motivated reinsurance department.
At various points in his career he has been a reinsurance pricing actuary, a chief actuary, a department head and an MD at an investment bank.
