Expert Witness

Catastrophe Loss Modelling

Barry Williams was instructed to provide expert witness testimony to the Oslo City Courts to advise on the standard practice for capitalisation of insurance companies in relation to catastrophe losses, as part of a hearing considering the appropriateness of the insurance arrangements (and the use of a captive insurance company) of a major oil company. Barry’s testimony set out the findings of a detailed benchmarking study, together with detailed statistical analysis and catastrophe loss modelling. On the basis of this testimony, the defendant was ultimately successful in the defence of its position.