Robert comes to Dentons after nearly thirty-six years of service as a state insurance regulator from the California Department of Insurance (CDI), where he last served as its chief financial analyst and chief of the Financial Analysis Division.
He was also a CEA II (career executive appointment) of the state of California and had served at least nine appointed and elected insurance commissioners over his long span of state services.
During his tenure at CDI, Robert served in a number of positions.
In addition to his many years of premium tax experience, his service included four years in the former Conservation and Liquidation Division dealing with and managing insurance and title companies in conservation/receivership and liquidation.
First as a bureau chief and then as the chief financial analyst and division chief of the Financial Analysis Division, Robert was responsible for all in-house financial review of the financial condition of approximately 2,000 insurance entities with risk exposures in the state of California--the largest insurance market in the U.S.
These insurance entities include but are not limited to life and health insurance companies, property and casualty insurance companies, mortgage and financial guaranty companies, title insurers and underwritten title companies, grants and annuities, fraternals, home protection companies, surplus line carriers, syndicates of the Lloyd's, captives, risk retention groups, reinsurance intermediaries, special chartered workers' compensation carriers, FAIR Plan, guaranty associations, and California Earthquake Authority.
As one of the top California insurance regulators focused on financial analysis and financial regulation, Robert proposed and was responsible for implementing legislative changes and amendments. His main task was to formulate and set financial review policies.
His vast experience also includes corporate applications (such as mergers and acquisitions, holding company transactions, licensing for certificate of authority, corporate restructuring, etc.), workers' compensation, title, reinsurance and pooling arrangements, surplus lines, risk retention groups and captives, alien insurance regulatory matters, and litigations on insolvent companies.
During his years at CDI, Robert had seen, experienced and handled the changing insurance industry to its present sophisticated environment and was responsible for adjusting the regulatory review process accordingly.
His latest contributions to CDI were to save the mortgage and financial guaranty industry and the title insurance industry from collapse, to facilitate the consolidation of a number of underwritten title companies, and to create and license certain new mortgage guaranty and financial guaranty companies to fill the capacity void.
He was the designated mentor to many international interns sent by regulatory agencies from Asian, European and Middle Eastern countries, including China, India, South Korea, Thailand, Malaysia, Bulgaria, Armenia and Saudi Arabia.
He traveled extensively throughout Southeast Asia and Western Europe representing CDI in consultation with fellow insurance regulators on insurance financial regulation matters.
Under his direct guidance, CDI signed its first ever Memorandum of Understanding (MOU) with a foreign regulatory agency, BaFin of Germany, in 2007.
His responsibility with CDI also included providing financial guidance and direction to the Financial Department of the Surplus Line Association of California, which serves as an advisory organization to CDI.
Under his leadership, CDI practiced risk-focused financial analysis long before the NAIC implemented the risk-focused examination practice and procedures. This financial review process allowed CDI to identify issues at an early stage and prevent a number of possible insurance companies' insolvencies. Robert viewed issues both on macro and micro levels. Instead of working against the insurance companies, he worked with them to look for ways to resolve the issues.