Patents by Inventor Russ Hackmann

Russ Hackmann has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • Methods and systems for providing GMWB hedging and GMDB reinsurance
    Publication number: 20060122871
    Abstract: In one aspect, the invention comprises computer processors operable to identify a block of idealized policies, computer processors operable to calculate risk related to the block of idealized policies based on specified actuarial assumptions; and computer processors operable to provide a customized option designed to pay guaranteed minimum withdrawal benefits on the block of idealized policies; wherein the block of idealized policies is designed to replicate a current policy mix of an insurance company. In another aspect, the invention comprises computer processors operable to identify a block of idealized policies, computer processors operable to calculate risk related to the block of idealized policies based on specified actuarial assumptions; and computer processors operable to provide a reinsurance contract designed to pay guaranteed minimum death benefits on the block of idealized policies; wherein the block of idealized policies is designed to replicate a current policy mix of an insurance company.
    Type: Application
    Filed: August 25, 2005
    Publication date: June 8, 2006
    Applicant: Lehman Brothers Inc.
    Inventors: Alex Cowley, Craig Sabal, Dmitry Noraev, Doug McBeth, Llewellyn Connolly, Martin Klein, Pradip Ghosh, Russ Hackmann