Mike Pado

Industry Liaison & Business Development Principal at Friendly
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Contact Information
us****@****om
(386) 825-5501
Location
Atlantic Highlands, New Jersey, United States, JE

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5.0

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Aaron B. Stern

I had the pleasure of working with Mike as a member of the Board of Directors of AXA Re Life. Mike rapidly built the company into a successful life reinsurer specialized in products embedding financial options. He assembled a great team and demonstrated his fine organziational and management skills in a difficult environment.

Ken Johnson, CFA, CAIA, FRM

Mike is a polished professional who carries himself with a high degree of integrity. I found Mike to be highly knowledgeable about his industry and extremely discrete and professional in his business dealings. I look forward to working with Mike again.

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Credentials

  • Chartered Enterprise Risk Analyst (CERA)
    Society of Actuaries (SOA)
    Sep, 2008
    - Nov, 2024
  • Certified Neutral Arbitrator
    ARIAS-U.S.
    Jan, 2017
    - Nov, 2024

Experience

    • United States
    • Insurance
    • 1 - 100 Employee
    • Industry Liaison & Business Development Principal
      • Apr 2022 - Present

      Friendly is a robotic cognition company with workflow automation solutions tailored for the Insurance and Financial Services industries.

    • Advisory Board Member
      • Sep 2021 - Feb 2023

  • Convergence Re LLC
    • Oceanport, NJ
    • President
      • Aug 2017 - Present

      Convergence Re is a NJ-domicled LLC. Convergence Re is a NJ-domicled LLC.

    • Bermuda
    • Insurance
    • 700 & Above Employee
    • Chief Executive Officer USA
      • Apr 2017 - Aug 2017

      At PartnerRe, we are in the business of assuming risk. We create value through our ability to understand, evaluate, diversify and distribute risk. Over two decades, we have constantly expanded our product lines, built upon our capital strength and increased our global presence. Today as new economic realities evolve, we continue to navigate our markets intelligently, anticipating and adapting in order to be a preferred client partner and employer of choice, and to deliver value for our… Show more At PartnerRe, we are in the business of assuming risk. We create value through our ability to understand, evaluate, diversify and distribute risk. Over two decades, we have constantly expanded our product lines, built upon our capital strength and increased our global presence. Today as new economic realities evolve, we continue to navigate our markets intelligently, anticipating and adapting in order to be a preferred client partner and employer of choice, and to deliver value for our shareholders. PartnerRe is a top global reinsurer which writes life and non-life business through over 20 offices around the world. Risks reinsured include life, health, property, casualty, motor, agriculture, aviation/space, catastrophe, credit/surety, engineering, energy, marine, specialty property, specialty casualty, multi-line and mortality, longevity and alternative risk products Show less At PartnerRe, we are in the business of assuming risk. We create value through our ability to understand, evaluate, diversify and distribute risk. Over two decades, we have constantly expanded our product lines, built upon our capital strength and increased our global presence. Today as new economic realities evolve, we continue to navigate our markets intelligently, anticipating and adapting in order to be a preferred client partner and employer of choice, and to deliver value for our… Show more At PartnerRe, we are in the business of assuming risk. We create value through our ability to understand, evaluate, diversify and distribute risk. Over two decades, we have constantly expanded our product lines, built upon our capital strength and increased our global presence. Today as new economic realities evolve, we continue to navigate our markets intelligently, anticipating and adapting in order to be a preferred client partner and employer of choice, and to deliver value for our shareholders. PartnerRe is a top global reinsurer which writes life and non-life business through over 20 offices around the world. Risks reinsured include life, health, property, casualty, motor, agriculture, aviation/space, catastrophe, credit/surety, engineering, energy, marine, specialty property, specialty casualty, multi-line and mortality, longevity and alternative risk products Show less

  • Aurigen
    • 2 Bridge Avenue, Suite 111, Red Bank, NJ 07701
    • Chief Executive Officer
      • Feb 2011 - Apr 2017

      Aurigen was formed in 2007 and commenced life reinsurance operations in August 2008. The Company maintained offices in Canada, the U.S.A. and Bermuda. The Company's core business was the reinsurance of individual life insurance policies, both recurring business and in force block transactions. Aurigen offered a fresh perspective to the North American life and health reinsurance market – a lean organization of seasoned professionals who listen actively and respond quickly, delivering… Show more Aurigen was formed in 2007 and commenced life reinsurance operations in August 2008. The Company maintained offices in Canada, the U.S.A. and Bermuda. The Company's core business was the reinsurance of individual life insurance policies, both recurring business and in force block transactions. Aurigen offered a fresh perspective to the North American life and health reinsurance market – a lean organization of seasoned professionals who listen actively and respond quickly, delivering creative solutions backed by rigorous analytical methodology. In 2013 Aurigen USA Holdings Inc (“Aurigen U.S.”) received regulatory approval and successfully completed its previously announced acquisition of Brokers National Life Assurance Company from Ameritas Life Insurance Corp. The U.S. company, which was domiciled in Arkansas, had since completed its third full year of new business and had gained good market acceptance from top tier U.S. primary insurers . As of December 31, 2016, Aurigen had life reinsurance in force in excess of CAD $109 billion. During 2016 the company achieved a 9.6% recurring market share in Canada and a 3.8% market share in the U.S. The parent company had consolidated assets of nearly CAD $761 million and CAD $320 million in shareholder equity. The company also achieved a financial strength rating of "A-" from A.M. Best (Excellent). Aurigen had a capital facility in excess of CAD $500 million to support its U.S. and Canadian life reinsurance operations. On April 3, 2017 Aurigen was acquired by PartnerRe, a large global composite reinsurer domiciled in Bermuda. Please www. PartnerRe for additional details. Show less Aurigen was formed in 2007 and commenced life reinsurance operations in August 2008. The Company maintained offices in Canada, the U.S.A. and Bermuda. The Company's core business was the reinsurance of individual life insurance policies, both recurring business and in force block transactions. Aurigen offered a fresh perspective to the North American life and health reinsurance market – a lean organization of seasoned professionals who listen actively and respond quickly, delivering… Show more Aurigen was formed in 2007 and commenced life reinsurance operations in August 2008. The Company maintained offices in Canada, the U.S.A. and Bermuda. The Company's core business was the reinsurance of individual life insurance policies, both recurring business and in force block transactions. Aurigen offered a fresh perspective to the North American life and health reinsurance market – a lean organization of seasoned professionals who listen actively and respond quickly, delivering creative solutions backed by rigorous analytical methodology. In 2013 Aurigen USA Holdings Inc (“Aurigen U.S.”) received regulatory approval and successfully completed its previously announced acquisition of Brokers National Life Assurance Company from Ameritas Life Insurance Corp. The U.S. company, which was domiciled in Arkansas, had since completed its third full year of new business and had gained good market acceptance from top tier U.S. primary insurers . As of December 31, 2016, Aurigen had life reinsurance in force in excess of CAD $109 billion. During 2016 the company achieved a 9.6% recurring market share in Canada and a 3.8% market share in the U.S. The parent company had consolidated assets of nearly CAD $761 million and CAD $320 million in shareholder equity. The company also achieved a financial strength rating of "A-" from A.M. Best (Excellent). Aurigen had a capital facility in excess of CAD $500 million to support its U.S. and Canadian life reinsurance operations. On April 3, 2017 Aurigen was acquired by PartnerRe, a large global composite reinsurer domiciled in Bermuda. Please www. PartnerRe for additional details. Show less

    • President & CEO
      • Mar 2009 - Feb 2011

    • President
      • May 2006 - Feb 2009

      We did it well! We did it well!

    • United States
    • Financial Services
    • 700 & Above Employee
    • SVP New Business Acquisition
      • Jun 2004 - Mar 2006

    • President & CUO
      • Sep 1998 - Jan 2003

      Set the strategic direction for the company and also helped design and implement the underwriting, risk management and operational infrastructure. Set the strategic direction for the company and also helped design and implement the underwriting, risk management and operational infrastructure.

    • Switzerland
    • Insurance
    • 700 & Above Employee
    • Senior Vice President - Non-traditional Products
      • 1985 - 1998

      Responsibile for leading and managing a group of talented tehcnical professionals primarily relating to the reinsurance of death and living benefits embedded in deferred and immediate annuity products. As a team, we worked closely with our colleagues at Swiss Re New Markets. Responsibile for leading and managing a group of talented tehcnical professionals primarily relating to the reinsurance of death and living benefits embedded in deferred and immediate annuity products. As a team, we worked closely with our colleagues at Swiss Re New Markets.

    • Business Consulting and Services
    • 1 - 100 Employee
    • Senior Actuarial Consultant
      • 1983 - 1985

      Actuarial and Benefits Consulting Practice Actuarial and Benefits Consulting Practice

    • Actuarial Analyst
      • 1978 - 1979

Education

  • MIT Professional Education
    Certified, Digital Transformation
    2021 - 2021
  • Rutgers University
    Mini-MBA Supply Chain in a Digitized Network, Executive Education
    2017 - 2017
  • Rutgers Business School
    MBA, Executive
    1992 - 1994
  • Rutgers University
    Bachelor of Science, Math
    1974 - 1978
  • Linden High School
    Diploma, College Prep
    1970 - 1974

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