“Mr Butler (has) developed an approach to underwriting retrocession risks that focuses assiduously on exposure identification and rate adequacy. The objective of Mr. Butler’s analysis is to be able to set adequate attachment points and rate levels consistently for all cedants and to avoid unexpected or medium sized loss events and underestimating the probable maximum loss exposure.
“Standard & Poor’s believes the result from Mr. Butler’s deterministic model is more conservative than an estimate from the latest version catastrophe modelling software. [Consequently] 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 of Beat Syndicate 4242
“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 Prudential Regulation & Governance at Tokio Marine HCC – International Group
“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, Controller at ProSight Specialty Insurance, New York
‘I have worked with Peter for many years on independent expert underwriting reviews. He is the consummate professional, with the reports provided accurate and thorough with astute observations and action points that add value across the business.”
Rosie Cowie: Head of Underwriting Governance and Controls for a major Lloyd’s and International insurance giant. (This testimonial is a personal one based on her own experience.)
“It has been excellent working with you [Peter], and thank you again for all your insights. I’ve always appreciated your frankness and commercialism when helping us [to] come to practical actions which can move the dial here.”
Helen Donegan: Head of Operations EMEA for Argo Global Syndicate 1200
“Peter is totally honest. Feedback [I receive] from the Team on the work he has done for us is very good. The reports are easy to read and make sense, and recommendations are sensible. Peter’s fees are also fair.”
Peter Bolster: Former Coverholder Audit Manager, Underwriting Operations, MS Amlin
“I have to say [that] your audit report was brilliant from start to finish! You did exactly what was asked of us and went into some good detail. For me the BAA summary was excellent and contained a good amount of information not just about the binder but the Coverholder’s operations on the binder. I was also pleased with the quotes you put in particularly with the claims one.”
Unsolicited personal testimonial from Delegated Underwriting Technician; Hiscox Syndicate 33
“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, Former 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, Former Member of the Executive Board, Hannover Re
A full list of referees and written references are available on request
