JIM TOOLE FSA, MAAA

Jim Toole spent two years in Princeton University’s engineering program before graduating cum laude from Wake Forest University in 1987 with a Bachelor of Science degree in Mathematics. He began his actuarial career at Integon Insurance Company in Winston–Salem before joining MetLife in their New York City office. With an eye toward international markets, he joined Tillinghast-Towers Perrin’s Mexico City office where he lived and worked for two years before moving to Milliman Global. During his years at Milliman Global, he helped establish the Latin America practice as the leading provider of merger and acquisition services in the region.

Mr. Toole has over 20 years of management and technical experience in the insurance industry. He has worked in various lines of business including life (individual and group), health, and P&C. Individual life product experience includes term, whole life, universal life, variable universal life, and COLI, as well as a variety of health riders and stand alone products. Mr. Toole’s health experience spans Small Group, MEWA, HSA, and specialty products from the product development, filing, financial reporting, and regulatory perspectives. Health policy interests include community benefit for non-profit hospitals, health impact assessments and medical demography.

Mr. Toole has worked with a broad range of distribution channels including career agency, brokerage, independent, bancassurance, and direct marketing as well as an assortment of individually tailored “designer” deals. His project background includes experience analysis, product development, cash flow testing, budgeting, loss reserving, mergers and acquisitions (both appraisals and due diligence), bancassurance (product, financial, and strategic analysis), financial process re-engineering, and demutualization.

Mr. Toole is a frequent speaker at industry meetings, seminars, and universities in the United States and Latin America. He has written and/or edited numerous publications in the industry. “Actuarial Considerations in Insurance M&A: An International Perspective” was published by the SOA in 2003 and included on the Course 8 Finance exam syllabus. He was co-editor of the textbook “Insurance Industry Mergers and Acquisitions”, published by the SOA in spring 2005. He is lead researcher on the SOA research project to analyze the potential impact of a pandemic on the U.S. life and health insurance industries.

Mr. Toole participates energetically in Society of Actuaries (SOA) professional activities and is active in their strategic planning process, having served on numerous committees and task forces. He is currently chair of the Health Section of the SOA, which coordinates and funds the research and education activities on behalf of 3,500 U.S. and Canadian health actuaries.

Mr. Toole joined the firm in October of 2002 in the capacity of Managing Director of the Life and Health division and is responsible for the day-to-day operations of the Winston-Salem office. Locally, Mr. Toole is a member of the Forsyth County Infant Mortality Reduction Coalition and the Downtown Rotary Club. He is vice-president of the Slow Food Piedmont Triad convivium and a board member of the Winston-Salem Children’s Theater. He is usually coach of one or more of his children’s sports teams per season.

Email: Jim.Toole@MBAActuaries.com