“Standard & Poor’s believes that Mr. Butler has consistently produced results better than the retro market as a whole.”Standard & Poor’s “Puma” Press Release 20.12.06
“Peter has always distinguished himself as someone who does not follow conventional perceived wisdom but rather thinks for himself. As an underwriter, he was ahead of his time in developing and applying proprietary quantitative techniques. His work in conceiving and establishing “Puma” was exceptional in its innovation. He combines long experience with an intense understanding of risk.” Tom Milligan, Active Underwriter Goldman Sachs Syndicate 1910 at Lloyd’s
“It was in particular the soundness of Peter’s concept, as proven by his previous results, that led the Board to take up the business opportunity. The decision was reinforced by the full support of Hannover Re’s Chief Actuary, with whom PG Butler had spent much time, and the Board Member responsible for all Property Underwriting (Juergen Graebar). During this process, Peter proved himself to be thoughtful, unassuming and intelligent, and demonstrated his deep knowledge of the underlying exposures at risk. He propagated very high underwriting standards.” Trevor Bolt, Director, Group Protections, Hannover Re
“During his time with Hannover Re, Peter’s honesty, integrity and underwriting ability were beyond question: also, his account was highly profitable (59% ROE).” Jurgen Graeber, Member of the Executive Board, Hannover Re
“I first met Peter when I was a Senior Regulatory Officer at Lloyd’s with liaison responsibilities for his Syndicate. I was impressed with his control environment: small entities can be dangerous due to lack of resources, governance and financial controls. I never found this to be the case with Peter’s syndicates. In addition, I was impressed by his underwriting knowledge and his ability to patiently explain it and pass it on. I have always judged Peter to be a person of integrity, who has demonstrated strength of moral character in the face of challenges. In these days of heightened oversight, I can think of no higher compliment.” Karen Cordier, Head of International Risk and Assurance, HCC Service Company Inc, UK
“I enjoyed working with Peter and was fortunate to learn a great deal from him. He has the ability to master detail, a comprehensive knowledge of the Lloyd’s Market, and a willingness to share that knowledge with his colleagues. For example, based primarily on Peter’s expertise and experience, we were able to develop, in conjunction with our software vendor, an aggregate monitoring programme that (also) produced a remarkably accurate loss forecasting system for a diverse Non-Marine Syndicate. Peter’s professionalism, absolute integrity and an ability to make tough decisions in difficult circumstances have earned my respect.” Jeff Jeffries, Multinational Controller, Chartis International, New York
A full list of referees and written references are available on request
