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, 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.
So far, 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.
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, Oliver has also been approved by the Bermuda Monetary Authority to provide actuarial services.
