Bruce Ollodart is Managing Member of American Actuarial LLC, with offices located in Wallingford, Connecticut. Mr. Ollodart is a Fellow of the Casualty Actuarial Society, a Member of the American Academy of Actuaries, and a Member of the International Actuarial Association. He received a Bachelor of Science degree from the George Washington University with majors in both Physics and Applied Mathematics.
Mr. Ollodart's range of experience is broad and extensive, encompassing many of the principal property and casualty consulting areas with over 30 years experience in the actuarial profession. His work has included insurance issues of all types, property/casualty loss reserves, property/casualty insurance product development, asset and liability matching, insurance pricing and reinsurance pricing, cash flow analysis, price monitoring, residual markets, risk transfer analysis, valuation/appraisals analysis, and financial examinations. Mr. Ollodart has experience with captives, association self- insurance groups, large deductible plans, self-insured retentions, and retro rating programs. He has specialized expertise in workers compensation, mass tort liability, title insurance and reinsurance areas and has published professional papers on several of these topics. Mr. Ollodart has extensive experience in personal, commercial, and professional coverages.
Mr. Ollodart started the consulting business at American Actuarial in 1997. Prior to his current position, Mr. Ollodart worked for six years as a consulting actuary for a big five accounting firm, with responsibility for their Northeastern regional property and casualty actuarial practice. Prior to that position, Mr. Ollodart was Assistant Vice President and Chief Actuary at CSMC, a reinsurance company within the General Reinsurance Group. Prior to his work for the General Re Group, he worked for Aetna Life & Casualty, holding several management level positions in both commercial and personal lines ratemaking. Mr. Ollodart started his actuarial career in reserving, special studies and pricing for the Maryland Automobile Insurance Fund.
Mr. Ollodart is active in many professional activities. He wrote a paper on Actuarial Methods for Bad-debt Reserving and coauthored sections of the Insurance Accounting and Systems Association’s Handbook on Capital Allocation and Reinsurance. He has participated in presentations at the Casualty Actuarial ratemaking/loss reserve seminars and Vermont Captive Insurance Association Conferences. He served on the ASTM committee on standards for environmental liability disclosure and estimation and wrote a paper on asbestos and environmental liability estimates entitled “Loss Estimation Using S-Curves”, Casualty Actuarial Society, 1997, was required reading for actuarial examinations. He was a panelist for the NAIC committee on loss reserving practices. He wrote a paper on loss reserving using the paid Bornhuetter–Ferguson method, Casualty Actuarial Society, 1999. His paper “Uncollectible Reinsurance Reserves” Casualty Actuarial Society, 1999, is a prime resource for appointed actuaries. See the Publications section of this site for more information on papers written by Mr. Ollodart.
American Actuarial LLC 15 Cliffside Drive Wallingford, CT 06492