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September 08, 2005
About Ed Grebeck
My main areas of expertise are Credit, New Business Development, Operations and Strategic Planning.
I have been a corporate banker, reinsurer, business start-up manager and portfolio manager, at major institutions and boutiques in the financial services industry, in the US and emerging markets, for more than 20 years. I hold degrees from Columbia (MBA) and Cornell(BS).
As Managing Director at GE Insurance Solutions (ERC), the reinsurance arm of GE Capital, I focused their Insurance/Capital Markets convergence strategy and started-up a credit enhancement business, including processes of asset origination, underwriting and portfolio metrics, surveillance and team building.
I had global responsibility for developing and managing a $3 billion portfolio of investment grade and B-I-G credit risks embedded in P&C products that had the highest ROI of any business line. I built a Web-based internal underwriting service to control distribution and identify problematic risk exposures for remedial action.
My "credit" skills have few equals, anywhere. As a direct result of my efforts, GE Capital:
- Avoided "Enron". And $200 million + losses and resulting high-profile litigation that embroiled nearly every major reinsurer.
- Curtailed "Finite Insurance" sales. Virtually alone in the industry, I flagged these controversial products, long before prosecutions made headlines that destroyed reputations at the highest executive levels. Today, per WSJ (5/3/05), ERC "earns less than 1% of global premium from finite insurance" sales.
- Controlled broker distribution. My Web-based internal advisory service processed 300+ proposals, across multiple product lines, avoiding inadequately structured transactions, broker conflicts and upgrading documentation.
- Avoided Argentina. Right before Peso/$ parity ended, I led the due diligence team that identified flaws in the model of a surety insurer, recommended against acquisition and prevented losses of $30 million +.
I help the Insurance industry end systemic problems and rebuild its business model:
- Control distribution
- Integrate product silos
- Upgrade systems
- Uniform credit risk management for Assets and Contingent Liabilities
EDWARD J. GREBECK
P. O. Box 112
New Canaan, CT 06840-0112
_________________________________________
Tel: 203-329-1539
Mobile: 203-326-0177
edgre@optonline.net
Posted by ed.grebeck at September 8, 2005 05:08 PM
