Background
About Us
We create a responsive team to evaluate business operations needs and market conditions to align insurance risk financing with regulatory requirements. We provide advisory services and specialize in developing captive insurance companies and alternative risk financing solutions that provide long-term, beneficial results for clients.
William P. White, Managing Principal
Turnaround Leadership
As Commissioner, exercised statutory authority to take control of $350 million major Medicaid services plan provider on the brink of insolvency in the District of Columbia, maintaining uninterrupted medical and healthcare services to approximately 125,000 residents, while securing funds to settle claims for underpayments with 5,000 medical providers
Captive Insurance Domicile Development
Utilized consultative approach involving business leaders, government officials and other stakeholders to establish regulatory management framework for captive insurance domiciles in Washington DC and State of Delaware resulting in significant economic development benefits.
Business Case Development
Chaired committee of industry representatives, healthcare experts, and consumer groups to determine market structure for implementation of the Affordable Care Act in Washington, DC, which enabled legislation and facilitated a $90M investment for creating the healthcare insurance exchange (DCHealthlink).
Strategic Development & Planning
Developed and deployed corporate value-based management process at the divisional operations level at American Re, which facilitated the successful merging of development and planning operations into the parent company’s corporate structure.
Loss Portfolio Analysis & Management
Eliminated assigned corporate portfolio loss of ~$500M at Munich American Re through commutation, novation, and re-underwriting operations, to generate annual fees of ~$2.5M.
Why Choose Us
– Experience in traditional and alternative insurance risk financing markets.
– Historical perspective provides basis for addressing current and emerging issues.
– Define and conduct engagements to meet client’s strategic objectives.
Affordable
We’re dedicated to offering affordable services, which enables our customers to invest in their business.
Keen on Details
Our strong eye for detail will ensure you’re making smarter decisions as a company owner.
Profile
William Paul White
William P. White is the Managing Principal of Acuity Strategic Consulting, an independent insurance advisory firm providing strategic development and planning for risk financing operations, captive insurance operations development, and regulatory policies advisory services.
Mr. White has broad insurance industry experience in executive management positions for leading insurance and reinsurance companies and appointed regulatory positions with state and federal government agencies. In his corporate positions, he focused on defining strategic business performance objectives and developing risk financing capabilities to achieve targeted results. His work included managing underwriting operations; evaluating risk portfolios for merger and acquisition negotiations; conducting underwriting audits and commutation analysis for runoff/restructuring arrangements; and developing strategic plans for operations in traditional and alternative risk finance insurance markets.
As the District of Columbia Commissioner of Insurance, Securities and Banking, Mr. White developed regulatory policies and implemented statutory initiatives to meet federal requirements under the Dodd-Frank Act and Affordable Care Act. He participated in the development of global supervisory standards for the insurance industry through the National Association of Insurance Commissioners (NAIC) and represented the U.S. insurance industry at the international Joint Forum on Financial Conglomerates. He also served as Vice Chair of the Governance and Compliance Subcommittee for the International Association of Insurance Supervisors (IAIS). He was appointed to the first Federal Advisory Committee on Insurance (FACI), supporting the Federal Insurance Office (FlO) of the U.S. Treasury. Mr. White directed enabling legislation to create the District of Columbia health care exchange and implemented policy initiatives and regulations to meet requirements under the Affordable Care Act.
Mr. White was a Consulting Director at Milliman & Robertson, now Milliman US and later formed and led Prism Strategies, LLC. As a consultant, he has developed – and as a regulator, he has reviewed and licensed – more than 150 captive insurance companies during his career. Notably, he developed the regulatory framework for the Washington, DC captive insurance domicile and directed legislative revisions to update its market capabilities. In a similar engagement for the State of Delaware, he developed an effective regulatory licensing process and worked with legal and legislative representatives to initiate captive legislation to align the domicile with the state’s well-established business capabilities.
Mr. White is a graduate of Dartmouth College and received an MBA from New York University, and an Associate in Reinsurance (ARe) designation from the Insurance Institute of America.