Lighthouse Consulting, LLC was formed in 2007 to provide Bermuda reinsurers with high quality, in depth property underwriting audits. Since that time we have expanded our audit services to include Catastrophe Data Quality Audits, and have added a consulting service to assist insurers with acquisitions, underwriting practices, and strategy evaluations. We audit all types of commercial property insurers, including HPR, National Accounts, and E&S. We also audit personal lines insurers and have expertise in the Florida market.

Here is a short description of our services:

• Underwriting Audits: Bermuda treaty reinsurers use Lighthouse to perform annual audits of their U.S. cedants. The audit typically involves three days of file reviews and interviews at the insurer's office. Special attention is paid to risk selection, pricing (including an in depth review of the use of catastrophe models) and account handling. We have also worked with Internal Auditors to provide a third party technical audit on specific business units.
• Catastrophe Data Quality Audits: In response to the growing concern in this area Lighthouse developed an audit that evaluates both the data quality and the data process used by insurers. Reinsurers benefit by reducing the uncertainty associated with catastrophe data, and insurers benefit from the recommendations offered for improvement.
• Acquisitions: Lighthouse will evaluate the underwriting quality of the company under consideration against industry Best Practices.
• Underwriting Practices and Strategy Evaluations: Assignments in this area include assistance with line setting and facultative reinsurance, evaluation of a new attachment point strategy, and a claims file review in support of a commutation proposal.

We bring over thirty years of technical property underwriting experience, including extensive catastrophe modeling experience, to our assignments. Our goal is to provide our clients with the highest quality assessment and at the same time provide meaningful recommendations to the company we are auditing.

CV

2007-present: Owner, Lighthouse Consulting, LLC. Provide property audit and consulting services to Bermuda reinsurers, U.S. MGA’s, and Internal Auditors on personal lines and all segments of the commercial lines market including E&S, large capacity, and middle market insurers.

 
2006-2007: Vice President, Global Property, Arch Insurance Group. Led a $100 million business unit; responsible for all underwriting, catastrophe management and referrals beyond Regional authority. 

1993-2005: Vice President, Property Practice Leader, Royal and SunAlliance USA. Led a $600 million property business unit which included small business, middle market, national account and surplus lines. Responsible for underwriting, catastrophe management, line management including ISO and independent forms, underwriting training and authority. 

1986-1993: Vice President, Property Department Manager, Johnson and Higgins of PA. Managed a team of five brokers and handled brokerage on the office’s largest accounts. 

1977-1986: Industrial Risk Insurers, Baltimore, London, Philadelphia. HPR engineering and underwriting. Opened the IRI’s London office in 1979.  

Industry involvement

Member of Institute for Business and Home Safety, a trade group dedicated to loss reduction through mitigation;

Past instructor in Fire Science, Troy State University

Past instructor, CPCU property curriculum

Education

Bachelor of Science, Worcester Polytechnic Institute, Civil Engineering

Master of Arts, Biblical Studies, Reformed Theological Seminary

Chartered Property Casualty Underwriter

Associate in Reinsurance

Associate in Marine Insurance Management

Associate in Surplus Lines Insurance

Robert Medeiros, CPCU ARe AMIM ASLI

Over thirty years of property underwriting and national brokerage experience. Managed property portfolios in the middle market, national accounts, and global market segments, including E&S, Inland Marine and Boiler lines. Wrote and implemented underwriting guidelines and rating plans. Home office referral underwriter for accounts beyond regional authority.

Catastrophe management experience includes implementation of RMS products for transactional underwriting and pricing. Worked with Ceded Re to manage portfolio accumulations. In depth knowledge of data quality standards related to modeling.

Developed audit protocols and regularly performed file audits. Experienced in all types of property reinsurance and regularly presented submissions to London, Bermuda, and domestic reinsurers.