Lawrence  Williams  ACAS, MAAA, MBA
Consulting Actuary
Lawrence.Williams@MBAActuaries.com
(973)335-6448

Lawrence Williams graduated from Hampton University in 1971 with a BA degree and from the University of Houston in 1978 with a Masters in Business Administration Finance. He became an Associate of the Casualty Actuarial Society and a Member of the American Academy in 1983.

Mr. Williams began his actuarial career in 1979 at Aetna Life and Casualty, where he performed a variety of assignments. At Aetna, he worked in a personal lines pricing unit, performed commercial package policy ratemaking as well as ratemaking for general liability. He performed workers’ compensation pricing with retro and dividend plans and rate of return analysis. He also performed reserving for professional liability, general liability, and commercial auto liability.

In 1984, Mr. Williams joined Tillinghast as a consulting actuary. His work at Tillinghast included reserve reviews for liquidations of insurers, and mergers and acquisitions. His clients included insurers, reinsurers, financial guarantors, captives, and self-insureds.

In 1989, Mr. Williams joined the New Jersey Insurance Department. There, he helped draft rate and solvency regulations toward the implementation of the private passenger automobile insurance reform act. He regularly participated in financial examination of insurers domiciled in New Jersey and dealt with liquidations and rehabilitations of insurers and capital requirements for insurer formations. He also provided expert witness testimony in private passenger rate hearings.

In 1993, Mr. Williams joined Johnson & Higgins, which later merged with Marsh & McClennan. At the brokerage firm, he advised brokers and risk managers on the price and program structure of casualty coverage for large/national commercial accounts. In this capacity, Mr. Williams priced and negotiated letter of credits, loss portfolios, large deductible programs and retrospectively-rated programs. He worked on the placement of malpractice insurance for hospitals and other health-care provider and assisted clients with captive formations.