Joe Carney
JEC Consultants, Inc.
4 Herning Avenue
Cranford, NJ 07016
908-272-7830
www.jecconsultants.com
Joe Carney has spent thirty-seven years in the reinsurance industry building underwriting teams, creating new product ideas, guiding ceding companies in their purchase of reinsurance coverage and managing large reinsurance portfolios. Mr. Carney formed JEC Consultants in 2002 through which he provides his knowledge of the custom and practice of the reinsurance industry to ceding companies, reinsurers and law firms engaged in dispute matters. He has served as an arbitrator and umpire in reinsurance disputes as well as an expert witness. In addition, Mr. Carney has provided underwriting consultation to a Cayman Captive Insurance Company writing reinsurance program business in the US.
Prior to forming JEC Consultants, Mr. Carney was Chief Casualty Underwriting Officer at Gerling Global Reinsurance where he oversaw treaty and facultative operations, with responsibility for a premium volume of roughly $650 million and an underwriting staff of 82 people countrywide. Mr. Carney managed four strategic business units that included Casualty Facultative operations, a Professional Liability unit, a General Casualty unit and a Specialty Casualty unit that consisted of MGA driven and Alternative Risk business.
Earlier in his career, Mr. Carney worked in the reinsurance accounting and marketing areas before taking a casualty underwriting position with Prudential Reinsurance in 1974. In 1980, Mr. Carney joined North American Reinsurance (Swiss Re) as its Casualty Treaty Manager with responsibility for building an underwriting team and managing a casualty portfolio of business amounting to $100 million. In May of 1985, he was promoted to Senior Vice President and Chief Casualty Underwriting Officer with responsibility for the underwriting profitability of three underwriting divisions in the treaty and facultative area with a combined premium volume of $250 million.
Throughout his career, Mr. Carney placed a great deal of the importance on proper due diligence in the process of risk analysis, along with the utilization of a multi-disciplined team approach to underwriting highly exposed reinsurance programs. This approach called upon the expertise of financial, claims, actuarial, legal and executive management resources when a particular business opportunity called for such action.
In 1987, Mr. Carney joined North Star Reinsurance Corporation as its Casualty Treaty Manager where he was responsible for the production and profitability of the company’s casualty treaty business. While at North Star he attended the Kellogg School’s Advanced Executive Program where he learned to blend and balance his technical skills with a focused marketing approach. In May of 1991, Mr. Carney became North Star’s Chief Underwriting Officer where he managed three underwriting divisions made up of five multi-line teams of treaty underwriters. He developed and instituted corporate underwriting guidelines and procedures along with authority levels based on individual skill. Mr. Carney also had responsibility for North Star’s retrocession purchases.
When North Star was sold in 1993, Mr. Carney joined Folksamerica Reinsurance as its Casualty Manager with responsibility for developing a casualty treaty book of diversified business broken down between MGA driven, Regional Company and Specialty business.
Mr. Carney is an ARIAS-U.S. certified arbitrator.
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