Colin L. Gray
CPA, CPCU, Are, AIAF


Colin Gray is a veteran of the insurance and reinsurance industry possessing a combination of macro and micro skills in operations, coverage, reinsurance contracts, systems and finance. Prior to his insurance career Mr. Gray spent two years as an auditor with an international public accounting firm and four years as a regulatory accountant in the commodities business.

During his 30+ years in insurance/reinsurance Mr. Gray has developed an array of technical skills supported by extensive educational achievements.

Mr. Gray had a long career (1984-1999) with the Crum and Forster Group and its runoff entity the Resolution Group (now Riverstone). During his tenure there, Mr. Gray developed a reinsurance recovery group that managed the identification, billing and collection of in excess of $2 billion in reinsurance receivables. In this role Mr. Gray assisted in the development of ongoing reinsurance programs including operational processes and systems. Mr. Gray had oversight of numerous audits by reinsurers. He had responsibility for the negotiation of complex claims recoveries, prosecution of legal action against reinsurers and the negotiation of commutations.

In 1991 Mr. Gray took on responsibility for three runoff reinsurance programs moving two of the operations to Chicago from New York. This involved reviewing hundreds of boxes of unmatched mail, building out an office facility to handle the operation, hiring and training staff, selecting and implementing an assumed claims system and a claims filing system.

Mr. Gray commenced his entrepreneurial career in 1999 when he founded Gray Wolf Group, dedicated to insurance and reinsurance recoveries. He has spent last fifteen years advising Fortune 200 companies and large insurers on insurance and reinsurance recovery matters. During this time he was involved in analyzing coverage, designing allocation models for complex claims, managing the billing and recovery process, and supporting arbitration and litigation actions, including acting as an arbitrator in disputes.

In December 2013, after a decision to dissolve Gray Wolf Group, Mr. Gray founded Lone Wolf Re focusing on providing insureds and (re)insurance companies analytical and recovery services. Mr. Gray graduated from Trinity College Dublin with a Bachelor in Business Studies degree and was subsequently award a Master in Arts degree.

He is a Certified Public Accountant, holds the Chartered Property Casualty Underwriter designation and also holds the Associate in Reinsurance and Associate in Insurance Accounting and Finance designations.