Samuel Teeple

Experience

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  Constitution Reinsurance Corporation

  Jun 1984 - Jul 1996

  Vice President Treaty Underwriting

  - Western Region manager, with five underwriters, reporting directly to President; responsible for production, underwriting and audit of assigned and regional accounts, corporate planning, and training- Assigned account responsibility for over $150mn of pro rata and excess treaty business; major lines included personal and commercial auto, commercial multi-peril, homeowners, low value dwelling, forced placed fire, residential EQ; Treaty product manager for commercial auto

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  Arrowhead General Insurance Agency

  Aug 1996 - Jul 1999

  Senior Vice President, Product Development

  - Managed product development for Arrowhead Specialty division of AGIA writing $30 million annually in homeowners, dwelling fire, and related personal lines in multiple states, managing eight employees- Responsible for all phases of program management: market research, competitive analysis, catastrophe factors, rate and form filing, ordering and testing programming, management report creation, product training for sales, underwriting, operations and claims, securing issuing company and reinsurance, negotiating general agency contracts and reinsurance terms Show less

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  Artfact (now Invaluable)

  Sept 1999 - Mar 2003

  Executive VP, Business Planning & Development

  - Created strategic and operational plans and financial exhibits for leading online archive of art and antique auctions, used in auction, appraisal, and insurance industries; created extensive pro forma financials- Assisted founder/CEO to communicate with investors and execute business plan; prepared company for sale to new investors at 30% above original shareholders’ investment

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  Cabrillo General Insurance Agency Inc

  Apr 2003 - Dec 2004

  Vice President Finance

  - Responsible for entire accounting and finance functions during rapid premium growth from $250k to $3mn per month; led conversion of existing patchwork to fully integrated system in time for unified financial and tax statements- Modeled various risk taking options on profitability; projected financial impact of various issuing company and reinsurer scenarios; distilled actuarial analysis for issuing carrier and reinsurer negotiations; reviewed all GA, claims and reinsurance agreements- Created and formalized issuing company reporting procedures, brought bank relationship to scale; structured subsidiary claims TPA and Nevada captive reinsurer; assimilated new CFO into position Show less

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  Consultant

  Jan 2004 - Oct 2006

  Insurance/Reinsurance Consultant

  - For Arrowhead, developed Contractors Liability program in new state (TX) and implemented with AGIA sales rep in Texas; performed competitive analysis, rate & form filings, ordered programming, etc. to bring program to production within eight months- For Cabrillo, resolved contractual and quantitative issues including commission structure, contingent adjustment, reporting & remittance, and earned but uncollected premium treatment; reconciled premium processing and reporting to financial statements; reviewed GA, TPA and reinsurer agreements and supported issuing company and reinsurer negotiations Show less

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  Arrowhead General Insurance Agency

  Nov 2006 - May 2008

  Director, Special Projects

  - Reviewed prospective acquisitions, new divisions and programs, and risk taking scenarios; created detailed financial model to perform complete pro forma analyses of potential acquisitions- Developed corporate guidelines for acquisitions and new divisions, and coordinated assimilation of new divisions into infrastructure- Created in depth analysis of historical startup program performance; created and maintained prospective contingent commission analyses for three dozen programs across all contract years- Compiled quarterly Board MD&A reports, with financial statistics, corporate narrative and divisional business review summary.- With CFO, created and maintained integrated analyses of corporate loan covenant compliance including EBITDA/interest/indebtedness flex analysis Show less

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  Cannon General Insurance Services, LLC

  Apr 2009 - Dec 2013

  EVP/COO

  - For specialty commercial Program Manager, wrote business plan and created multiple pro forma scenarios - Performed prospective program review, financial analysis, accounting and product development- Wrote detailed program proposals and assisted in marketing four identified programs to carriers- With Aon Benfield Securities created detailed narrative and financial exhibits and marketed offering to private equity firms- Developed infrastructure including banking, risk management, administrative and compliance functions - Reviewed and negotiated GA agreements with carriers and drafted employment agreements with program manager candidates Show less

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  Consultant

  Jan 2014 - now

  Insurance/Reinsurance Consultant

  Seaview Insurance Company (2017 - present):- Perform statutory statistical premium & loss reporting to ISO, ISS, CA DOI, etc.- With Auto division president, created and maintain detailed pro forma projections- Assisted in compiling annual & quarterly exhibits and MD&A narratives for NAIC statementsAegis Specialty Insurance Company (2024 - present):- Perform statutory statistical premium & loss reporting to ISO, ISS, CA DOI, etc.Cabrillo Coastal Insurance Group (2022 - 2024):- Worked with COO, Aon & BMS Re on various risk taking scenarios, modeling different Cats, RPP’s & pro rata recoveries in different loss scenarios, impact on PHS etc.- Reviewed GA, TPA and reinsurer agreements for Cabrillo; supported issuing company and reinsurer negotiationsCalifornia Surf Museum (2023 - present):- Perform all bookkeeping functions and work with CPA for nonprofit museum- Provide monthly financials to management, and QuickBooks backup files to CPAIns. Co. of the West (2014):- Performed an UW & Ops audit of MGA production source. Reviewed requested documents; visited agency offices to review files, systems, marketing and processing; reviewed premium transactions and reporting; and compared findings with TPA agreement and UW guides. Met with MGA management to discuss findings and sent audit reports for Company and MGA with results and recommendations Show less