Paul Merlino, ACAS, MAAA, CFA

President and Consulting Actuary


  • Associate of the Casualty Actuarial Society
  • Member of the American Academy of Actuaries
  • Chartered Financial Analyst


  • B.S., Applied Mathematics
    Brown University

Paul Merlino has been in the actuarial field since 1984, and in private consulting practice since 1989.  Prior to joining Merlinos & Associates, he worked for KPMG Peat Marwick.  His experience includes:

  • Estimation of loss and loss expense reserves for quarterly and annual financial reporting. Preparation of statements of actuarial opinion on loss and loss expense reserves. Over 100 clients served in this capacity.   Regulatory experience also includes extensive experience related to financial examinations of loss and loss expense reserves and related issues for over 50 examinations.
  • Development of rate structures and rates and preparation of rate filings on behalf of insurance companies, captives, risk retention groups, insurance agencies, and self-insurance trusts.
  • Risk-focused financial examination assistance to 12 state insurance departments for P&C insurance companies and HMOs.
  • Rate filing reviews for 10 state insurance departments spanning the vast majority of P&C products.
  • Participation on regulatory supervision, rehabilitation, and liquidation teams on behalf of state insurance departments and liquidation bureaus. Reviews of troubled companies’ RBC plans.
  • Planning and development of reinsurance/excess insurance programs and risk transfer analyses.
  • Evaluation of self-insured funding levels for over 50 clients operating on many industries. Funding estimates have been related to a broad spectrum of casualty, property, and health related risk exposures.
  • Participation on due diligence teams related to acquisitions and sales of insurance and related companies and non-insurance entities with significant insured and self-insured exposures.
  • Preparation of feasibility studies and financial projections for various new insurance company formations.
  • Assistance to company risk managers and insurance brokers related to insurance and self-insurance structures and solutions, and assistance with insurance company renewal submissions.
  • Negotiations with reinsurers on behalf of insurance companies, captives, and risk retention groups.
  • Development and implementation of actuarial databases for monitoring reserves and rates for personal and commercial lines products.
  • Assistance with insurance carrier submissions on behalf of MGAs and reinsurer submissions on behalf of insurance companies.
  • Testimony in various forums on rate, reserve, solvency, and tort reform issues on behalf of insurance company clients, self-insured entities, and regulatory authorities.