Alfred O. Weller is a consulting actuary with MBA Actuaries, Inc. He graduated from Swarthmore College in 1969 with a BA in mathematics and from Indiana University in 1971 with a MA in mathematical statistics. He became a Member of the American Academy of Actuaries (MAAA) in 1979, a Fellow of the Casualty Actuarial Society (FCAS) in 1981, and a Fellow of the Conference of Consulting Actuaries (FCA) in 1986. He is active in actuarial societies serving on Boards of Directors, Committees and Task Forces. He has published numerous papers and is a frequent speaker at industry meetings. Al received a 1975-76 Recognition Award from the Central New Jersey Lung Association for assistance in its carboxyhemoglobin study, and received the 1989 Actuarial Practitioners Award from the Actuarial Education and Research Fund (AERF) for his work on generalized Bondy development.

Al began his career with the National Council on Compensation Insurance in 1971 and served on the Executive Staff when he left in 1978. His accomplishments at NCCI include the design and implementation of actuarial methods for trend factors, incorporation of national experience in classification rate making, benefit evaluation, and automation of rate making and individual risk rating.

After NCCI, Al joined the Continental Insurance Companies (now CNA) as Director of Actuarial Services. His responsibilities included general actuarial support for large commercial accounts and various special projects (e.g., excess workers compensation, captive insurance companies).

In 1982, Al joined Frank B. Hall & Co., Inc. (now AON) as a Vice President for Actuarial Consulting. His work included self-insurance programs, association programs, captive insurance companies in sundry domiciles, and client support in the evaluation and negotiation of insured programs. From 1983 to 1985, Al was Vice President for BRI Coverage Corp. (the twentieth largest broker) with actuarial, marketing, and operational responsibilities. From 1985 to 1987, Al was head actuary for Fred. S. James and Co., Inc. (now Marsh) with responsibility for actuarial support of brokerage operations and client services.

From 1987 to 1995 Al was a Senior Consulting Actuary with Ernst & Young. In addition to serving as the qualified actuary opining on loss and loss adjustment expenses reserves for between 15 and 20 insurers each year, he afforded audit support for roughly thirty insurers, and performed consulting engagements relating to new product development, mergers and acquisitions, automated case reserves, and more. In terms of lines of business, his clients underwrote such diverse lines as financial guaranty insurance, non-standard automobile, excess and surplus lines, surety, directors and officers liability, and others on both a primary and reinsurance basis.

Mr. Weller was President of the Workers Compensation Reinsurance Bureau in 1995 and 1996. The WCRB is the oldest and largest reinsurance pool affording excess workers compensation insurance. After the two largest members (CNA and Continental) became one company, the WCRB went into runoff in 1996.

After WCRB, Al served as an independent consultant specializing in the analysis of financial reinsurance. In 1997 Al joined the Insurance Services Office (ISO) as Principal responsible for product development and marketing to new markets such as risk managers and industry associations. In late 1999 ISO returned to its traditional sales approach for these markets and Al returned to consulting.

Al Weller joined MBA, Inc. in 2000. He brings strong expertise in alternative markets and risk management, workers compensation and commercial insurance, and reinsurance and financial products to MBA Inc.