Class of 1982
Chief Executive Officer and President of Risk Transfer Underwriting, Inc.
Paul Edward Dassenko currently serves as Chief Executive Officer and President of Risk Transfer Underwriting, Inc., a company he founded in 2011. Previously he served as President and CEO for Converium's North American operations, until their sale to Berkshire Hathaway. Prior to his time at Converium, Paul was Managing Director at GIO Insurance Ltd., Sydney Australia. He started in the insurance sector in 1976, as an underwriter at The Travelers, later moving on to underwriting for Swiss Reinsurance Corporation and American Re-Insurance Company. In 1989 he was brought-in by the bankruptcy trustee to oversee asset recovery in excess of $4.5 Billion for the largest property-casualty insurance company insolvency of the 1980's, Transit Casualty Company in Los Angeles. In that capacity, he testified before the House Committee on Oversight and Investigations regarding insurance solvency, and the economic impact of insolvency. Following his experience at Transit Casualty, he was recruited to reorganize and restructure GIO in Australia, and later Converium's North American operations, restoring both balance sheets to financial strength.
Since 1993, Paul has used his business experience and legal background to establish himself as an international commercial arbitrator. He is passionate about his work as an arbitrator, and hopes to be able to do this work well into his sunset years, long after his energy as an entrepreneur fades. In his career as an arbitrator, he has been appointed in over 250 arbitrations in the US, South America, the UK, Bermuda, Singapore, and Dubai. He is an ARIAS-U.S. Certified Arbitrator and Umpire, and is listed on the panel of ARIAS (UK) arbitrators. Paul also mediates commercial disputes worldwide, including assignments in business sectors such as insurance, marine, banking and energy.
Paul's arbitration experience includes writing decisions in the US, the UK, Bermuda, and South America (including Spanish language proceedings). He has acted as arbitrator in AAA, ICDR, JAMS, LCIA, ICC International Court of Arbitration (Paris), and DIPC-LCIA (Dubai) arbitrations.
Paul is an active member of the State Bar of California. He received his Juris Doctor degree in 1982 from the University of the Pacific, McGeorge School of Law and his undergraduate degree from Walla Walla University. He's completed post-graduate work in Management and Finance at IMD International, Lausanne Switzerland.