Mr. Peter Johnson, FCAS, MAAA

Mr. Peter Johnson, FCAS, MAAA

Chief Property & Casualty Actuary, Spring Consulting Group, LLC

Peter Johnson, FCAS, MAAA is a Senior Actuarial Consultant with Spring Consulting Group, LLC and Spring’s Property & Casualty Practice Lead and was recently recognized by Business Insurance as a 2019 Breakout Award winner.  He has over 16 years of actuarial experience in reserving, pricing, alternative risk transfer and reinsurance risk transfer work.  His client expertise includes performing actuarial feasibility studies, captive risk optimizations, issuing statement of actuarial opinions, reserve reviews, pricing/funding analyses, risk transfer analyses and retention analyses for middle market to Fortune 100 companies. This includes experience in various lines of business, including; workers’ compensation, medical professional liability, professional liability, automobile, general liability, cyber liability, mortgage insurance and the spectrum of property and casualty (P&C) coverages commonly insured by captives. Peter also works closely with regulators from several major domiciles to ensure actuarial standards of practice are followed for both new captive formation feasibility studies and financial examinations of existing captives.

Peter is an approved actuary for captive insurance company statement of actuarial opinion and pricing work in various state domiciles including; Vermont, South Carolina, Montana, Tennessee, Kentucky, Arizona, Delaware, District of Columbia, Hawaii, Nevada, New Jersey and Utah.  He has published various industry papers across a spectrum of industry relevant topics and actuarial specific topics spanning from total cost of risk, risk optimization, basics of forming a captive, reinsurance risk transfer, capitalization of a captive and captive coverage pricing. Through the call paper program of the CAS Committee on Reinsurance Research he published the paper titled, “The Consideration of Loss Timing for Risk Transfer Analysis” and then presented the publication at a CAS Reinsurance Seminar.

Prior to joining Spring, Peter was the President and Consulting Actuary with Bartlett Actuarial Group.  His role at Bartlett included managing the actuarial operations as well as Bartlett’s profit and loss center.  His responsibilities at Bartlett also included being the opining actuary on over 100 statement of actuarial opinions over the course of his employment.  Prior to his time at Bartlett he worked as an analyst and then as Consulting Actuary at Milliman.  His experience at Milliman encompassed mortgage insurance/reinsurance analyses, medical malpractice pricing and reserving, and quarter analyses for a large nationwide healthcare entity’s workers’ compensation exposure.

Peter was born and raised in Wisconsin and earned a B.S. in applied math and computer science from the University of Wisconsin – Stout.  He is a fellow of the Casualty Actuarial Society and a member of the American Academy of Actuaries.