Bristol Systems Centre, UK.
Visiting Lecturer in Strategy and Systems
Universities of Bath, Bristol and Canterbury, NZ.
Allan has spent the last five years leading groundbreaking research into strategic risk, through a £500k project (STRATrisk). The project was funded by the Actuarial Profession, the Institution of Civil Engineers and the Department of Industry, in the UK. He co-authored STRATrisk: A Guide for Directors and has published a number of papers on the topic. Using complex systems theories to understand risk behaviour, he has been commissioned by many companies in the insurance, construction and energy industries to implement the insight from the research. Prior to his research into strategic risk, Allan worked as a professional chartered engineer for more than 20 years and holds an MBA from Edinburgh.
Regional Risk Manager
Natural Gas and Power, North America
Allison has been the risk manager for the ConocoPhillips natural gas and power commercial activities in North America since the merger of Conoco and Phillips in 2002. He joined Conoco in 1982, and spent most of his career in the strategic planning area, focusing on issues of decision analysis and performance evaluation. He has an master’s degree in business administration from the University of Virginia and an undergraduate degree in mathematics from Princeton University.
Bachman joined GR-NEAM in 1997 as a vice president and is currently responsible for capital management and corporate development activities. Most recently, he was chairman and chief executive officer of AEGIS Insurance Services. Prior to working at Aegis, Bachman served as president and chief executive officer of the New Hampshire Group, a division of AIG. He began his insurance career at The St. Paul Companies as a financial analyst, with his last position as president of the Commercial Insurance Division. Bachman served as a director of Tempest Re and Inter-Ocean Re and Trustee of Macalester College, and as a founding director of Actors Theater of St. Paul, an Equity Theater. Bachman holds a Bachelor of Arts from Macalester College, a master’s degree in business administration from The Wharton School and a Doctor of Philosophy from the University of Pennsylvania, where he was a Heubner Foundation Fellow.
Actuarial and Insurance Management Solutions Life Practice
Bahna-Nolan works out of the Chicago office and is deeply involved in providing advisory services to annuity, life insurance and reinsurance clients. She most recently focused on process improvement, financial effectiveness, economic capital, capital management, market-consistent embedded value, older age mortality, corporate strategy, and expense and performance management, as well as risk management practices, governance and controls, and strategies and practices surrounding life settlements and IOLI/SOLI business. Some of her clients include Zurich Financial Services, Nationwide, Genworth, Aviva USA and Credit Suisse.
Prior to joining PwC, Bahna-Nolan was vice president and chief actuary at the North American Company for Life and Health Insurance, where she was responsible for product and reinsurance strategy, pricing, product management, reinsurance and capital solutions. Mary has 19 years of extensive product development, pricing, product and risk management and reinsurance experience. Prior to joining North American in December 1997, she worked at Transamerica Reinsurance and Sun Life of Canada.
Bahna-Nolan has a Bachelor of Science degree from the University of Michigan in actuarial mathematics and economics. She is a Fellow in the Society of Actuaries and a member of the American Academy of Actuaries and currently serves as a vice president on the Society of Actuaries’ Board of Directors. Bahna-Nolan is actively involved in various industry groups, including the group developing the new principles based valuation methodology. In addition, she is a member of the American Academy of Actuaries Life Practice Council, as well as the Life Capital Adequacy Subcommittee, which provide objective technical expertise to policy-makers and regulators on life insurance issues, including a principles-based regulatory approach to reserving and risk-based capital.
Finance and Insurance Associated Professor
Virginia Commonwealth University
Baranoff has a Doctor of Philosophy in finance from the University of Texas at Austin. She has been at Virginia Commonwealth University in Richmond, VA, for 15 years. Baranoff was a Texas insurance regulator for 12 years in the actuarial and legislative research areas for all types of insurance. She also worked for a life insurance company and for the Texas Association of School Boards in the area of risk pooling and financing. Her research spans capital structure, solvency detection, enterprise risk management, asset allocation and performance and she provides consulting services. Along with Tom Sager, Baranoff is a recipient of numerous awards from the International Insurance Society. She has published risk management and insurance textbooks and her work has appeared in such journals as the Journal of Risk and Insurance, Journal of Banking and Finance, the Geneva Papers on Risk and Insurance, Journal of Insurance Regulation, Contingencies, and Best’s Review.
Chief Product Risk Officer
Prudential Financial, Inc.
Barney’s responsibilities include the development of an emerging risk strategy for Prudential, as well as supporting standardized processes to monitor financial risks arising from insurance products and reinsurance transactions. In addition, she is responsible for the development and maintenance of the governance structure for Prudential’s captive reinsurance companies and for compliance with regulatory requirements and the company’s commitments to Prudential’s Closed Block policies and policyholders. Barney is a graduate of Temple University, a Fellow of the Society of Actuaries, a member of the American Academy of Actuaries and a Chartered Enterprise Risk Analyst.
Berliet Associates, LLC
Berliet established Berliet Associates, LLC to help insurance companies make more money and increase their value. He is also a senior advisor to Greenwich Associates. He focuses on helping the firm extend its advisory practice to the insurance industry in the United States and in Europe.
Berliet was most recently a senior manager in the Risk and Capital Management Practice of the Insurance and Actuarial Advisory Services Practice at Ernst & Young. He focused on helping insurance companies develop risk-based strategic decision-making tools and establish risk-adjusted performance measurement frameworks. This activity was extended to include development of enterprise risk management frameworks and linkages to value-based management.
Earlier in his career, he held senior executive positions in strategic planning and corporate development at Liberty Mutual, MetLife, Citibank, Continental Bank and General Electric, as well as in strategy consulting, principally with The Boston Consulting Group.
Director, Enterprise Risk Management (Chicago)
Bohn leads a team of mathematicians and statisticians who develop a wide range of quantitative models. The focus of the models ranges from typically insurable casualty risks to those that are more operational and financial in nature. The goal of the modeling is to no only quantify the risk but also develop a framework for assessing the cost vs. benefit of competing transfer and mitigation strategies.
Examples of the risk models that have been developed include: supply chain, pandemic, product contamination and recall, privacy and regulatory risk to name a few. In addition to supporting mitigation and transfer decisions, the models have also support alternative risk transfer strategies such as captive insurance companies.
Prior to joining the United States enterprise risk management team full time, Kip spent four years working for Aon’s Actuarial and Analytics Practice where he lead a team of 14 actuaries and analyst’s on the practices largest account. He also lead the actuarial forecasting and reserving consulting services He served as member on the practice’s strategy team and was also named National Sales Director. For the next few years, he played a dual role working with both the Actuarial practice and the Enterprise Risk Management Practice.
Prior to joining Aon, Bohn worked in the insurance industry for seven years with The St. Paul Companies (now The Travelers Companies). While there he worked in a number of business units including public sector, technology, ocean marine and surplus lines. His roles ranged from loss reserving to large account pricing.
Special Advisor, Capital Division
Office of the Superintendent of Financial Institutions Canada (OSFI)
Brender is a part-time special advisor in the Capital Division in the Office of the Superintendent of Financial Institutions Canada (OSFI). He retired at the end of 2005 as senior director of OSFI’s Actuarial Division.
An active member of the actuarial profession, he is chair of the Actuarial Foundation of Canada (AFC) and a trustee of The Actuarial Foundation (TAF) in the United States. He has served as vice-president of the Canadian Institute of Actuaries (CIA) and on the Board of Governors of the Society of Actuaries (SOA). He is a member of the Insurance Regulation Committee of the International Actuarial Association (IAA) and has served since its inception on the committee’s Solvency Sub-committee. He was a member of the editorial team that produced the IAA publication A Global Framework for Insurer Solvency Assessment in 2004 for the International Association of Insurance Supervisors.
Brender was a leading participant in the CIA task force that developed Dynamic Solvency Testing – now referred to as Dynamic Capital Adequacy Testing – that is required annually of all Canadian insurers. He also developed the original outline for MCCSR, the Canadian life insurance risk-based capital requirement, which also served as the basis for the U.S. RBC requirement. He is currently advising on an OSFI project to update the MCCSR.
Brender has been an invited lecturer on insurance solvency, risk management, capital requirements and financial reporting at professional meetings and university seminars in six of the world’s continents. Prior to joining OSFI, he was a principal in the insurance consulting practice of William M. Mercer Limited (now Oliver Wyman) and a member of the faculty at the University of Waterloo.
Brender is a Fellow of the CIA and the SOA. He is also a Chartered Enterprise Risk Analyst. He holds a Master of Arts and a Doctor of Philosophy in mathematics from the University of California at Berkeley and a Bachelor of Science from McGill University.
Principal, Consulting Actuary
Cantle is with the London office of Milliman. He joined the firm in 2005 and was elected a principal in 2008. Prior to joining Milliman, Cantle spent 15 years working in the U.K. operation of a top 10 insurance company in Europe. For five years, he sat on the company board and had executive responsibility for strategy, legal, compliance, projects, marketing, product development, public relations, mergers and acquisitions, finance and risk management. He has extensive knowledge of the U.K. pensions market. At Milliman, assignments include mergers and acquisitions, product development, longevity, risk management and corporate restructuring. Cantle leads the development of Milliman’s CRisALIS™ methodology for analyzing and quantifying enterprise risk. Cantlel has spoken at industry meetings and business forums in the United States, Asia and Europe.
Chase-Jenkins is the co-head of the Towers Perrin Global ERM insurance practice. She has led numerous enterprise risk management (ERM) assignments involving the design and implementation of ERM frameworks, risk assessment processes, governance structures and economic capital for many of the leading U.S. and European insurers. Chase-Jenkins is a co-author of Towers Perrin’s 2008 Global Insurance ERM Survey and a frequent author and speaker on a variety of risk and capital management topics. Chase-Jenkins holds a master’s degree in business administration/finance from Columbia University Graduate School of Business and received a Bachelor of Science degree in applied economics from Cornell University.
Actuarial Insurance Management Solutions (AIMS)
Coggins is based in Boston and has 25 years of insurance industry experience, including 21 years providing consulting services to insurance companies, reinsurers and regulators.
Coggins’ responsibilities at PricewaterhouseCoopers have included enterprise risk management programs reviews, risk assessments, risk and economic capital modeling and validation, financial effectiveness studies, reinsurance program reviews, merger and acquisition analyses and rating agency support. Recent experience includes facilitating the development of a risk-based capital model and solvency review framework for an insurance regulator and the review of an economic valuation framework for a large insurer.
Coggins was a member of the core editorial team for PwC’s 2008 survey on ERM in the insurance industry. She has co-authored several articles, most recently Model validation: The New Control Imperative and Gaining Comfort: Capital Model Validation for Insurers. She has presented at numerous insurance industry conferences on topics including: ERM and board reporting at PricewaterhouseCoopers’ 2008 Audit Committee Forum, ERM and Solvency II at SIFM 2008 Annual Meeting, model validation at PwC’s 2008 CRO Roundtable, Solvency II and internal models at the Spring 2008 IAA Colloquium and Solvency II – a comparison of U.S. RBC and the standard formula QIS3 at the Casualty Actuarial Society Spring Meeting.
Coggins is a Fellow of the Casualty Actuarial Society and a member of the American Academy of Actuaries. She currently serves on the American Academy of Actuaries’ Risk Management and Solvency Committee.
Senior Vice President
Erie Insurance Group
Connell serves as senior vice president of the Actuarial Division of Erie Insurance Group, a regional property/casualty and life insurer based in Erie, PA. As chief actuary, Connell is responsible for overseeing pricing, loss reserving and actuarial analysis. As chief risk officer (CRO) for the company, he is responsible for the leadership of ERIE’s enterprise risk management (ERM) activities.
Connell joined Erie Insurance in 1988 as vice president and manager of the actuarial department. He was promoted to his current position as senior vice president and chief actuary in 1990. He graduated summa cum laude from Lehigh University in 1975 with a bachelor’s degree in mathematics and is a member of Phi Beta Kappa Honor Society.
A resident of Fairview, PA, Connell currently serves on the board of directors for the Highway Loss Data Institute, a subsidiary of the Insurance Institute for Highway Safety. In addition, he is a member of the board of directors for the Casualty Actuarial Society (CAS). He is also the liaison between the CAS and the Joint Risk Management Section of the CAS, Society of Actuaries and Canadian Institute of Actuaries.
U.K. Financial Services Authority
Curtis is responsible for international insurance policy at the Financial Services Authority. He is also the chair of the Solvency and Actuarial Issues Subcommittee of the International Association of Insurance Supervisors (IAIS) which is tasked with designing and implementing international solvency standards and guidance.
Curtis joined the FSA in June 2005 from Aviva plc, where he was Head of Group Internal Capital Assessment. Prior to joining Aviva, he was the project director of the Capital and Risk Management Transformation Programme at Royal and SunAlliance. He also worked in Australia for 15 years both with a general insurer as an underwriter and then at the Australian regulator, APRA where he managed the supervision of insurers, banks and pension funds.
He holds a Bachelor of Business (economics), a graduate diploma in insurance, a master’s degree in business administration (with distinction), a master’s degree in business administrations in financial services and a master’s degree in management.
Chief Risk Officer
Aviva North American
Dalenta joined Aviva North American in 2008. She is a Fellow of the Casualty Actuarial Society, a member of the American Academy of Actuaries, and a Certified Enterprise Risk Analyst. Dalenta joined Aviva after 20 years in the insurance industry serving in various senior management roles. Notably, she was chief risk officer and chief actuary at Safeco Insurance. She has also served as senior vice president responsible for claims and customer service operations (Safeco Insurance), senior vice president of product management (Travelers Insurance) and senior vice president of finance responsible for investments, investor relations, financial planning and actuarial (Safeco). Dalenta was also a director at Deloitte Consulting LLP, where she had a leadership role in Deloitte’s Claims and Risk Management Practices.
Professor Emeritus of Finance
University of Illinois at Urbana-Champaign
D’Arcy is a Fellow of the Casualty Actuarial Society, a member of the American Academy of Actuaries, past-president of the American Risk and Insurance Association and past-president of the Casualty Actuarial Society. He received his Bachelor of Arts in applied mathematics from Harvard College and his Doctor of Philosophy in finance from the University of Illinois. D’Arcy has taught courses at the University of Illinois including an introduction to insurance, property-liability insurance, casualty actuarial mathematics, advanced corporate finance, managing financial risk for insurers and enterprise risk management. He has taught a seminar on finance and online courses on financial risk management and enterprise risk management for the Casualty Actuarial Society. He is the founder and principal of D’Arcy Risk Consulting, Inc., a firm specializing in education, measurement and management of risk for organizations and individuals.
D’Arcy has won the University of Illinois Campus Award for Excellence in Undergraduate Teaching, the Commerce Council Award for Best Professor, the CBA Alumni Association Award for Excellence in Undergraduate Teaching, the Dorweiler Award (twice) for one of the best papers published in the Proceedings of the Casualty Actuarial Society, the Journal of Risk and Insurance Award (twice) for one of the best papers published in that Journal, best paper at Casualty Actuarial Society meetings (twice), the first American Risk and Insurance Association Innovation in Instruction Award and the CAS-ARIA award for best paper published by the American Risk and Insurance Association on casualty actuarial topics. His research interests include enterprise risk management, financial modeling, dynamic financial analysis, financial pricing models for property-liability insurers, catastrophe insurance futures, public pension funding and insurance regulation.
Senior Portfolio Manager, Head of the Corporate Sector Team
Insurance Fixed Income
New York at Deutsche Insurance Asset Management.
Farina joined the company in 2006 after 12 years of experience including roles at Greenwich NatWest, DnB Asset Management and, most recently, Merrill Lynch Investment Management (MLIM), where his responsibilities included management of corporate bond assets for the Merrill Lynch Insurance Group, senior corporate portfolio manager on the MLIM core bond team, leader of the MLIM Global Alpha Team, and specialist in credit default swaps and other derivative products. He began his career in corporate credit at Standard & Poor’s in 1994, working as a ratings analyst.
Farina has a Bachelor of Arts and Master of Arts from the State University of New York at Albany.
Actuarial & Insurance Solutions (“AIS”) practice
Deloitte Consulting LLP
Prior to joining Deloitte’s Chicago office, Fineis was a senior vice president-health valuation at a large, multi-line insurance company. Prior to that, he spent 21 years at another large professional services firm. His experience includes actuarial appraisal analysis and due diligence procedures, valuation methodology development and review, risk analysis and financial projections and modeling. Fineis leads AIS’s ERM market and service offering initiatives for the life insurance industry. He is a joint author of Deloitte’s Global AIS POV titled Designing a Successful ERM Function: A global perspective on risk management structure and governance for insurance. Fineis coordinates and leads Deloitte’s Annual ERM Forum, whose target audience is insurance industry chief risk officers, chief financial officers and chief actuaries.
CIBC Capital Markets Risk Management
Frank is responsible for enhancing and developing derivatives valuation and risk methodologies for valuation, market and credit risk management. He has held roles in quantitative risk management in both Canadian and U.S. financial institutions and he is interested in how the increasingly complex and opaque risks encountered in today’s markets can be communicated to decision-makers in a transparent and actionable manner. He holds a Doctor of Philosophy in applied mathematics from the University of Western Ontario.
Managing Director of Predictive Modeling
State Auto Insurance Companies
Fu leads the developments of personal lines pricing models, commercial lines underwriting models and corporate DFA/ERM models. Prior to joining State Auto, Fu served in various actuarial roles with both Grange Insurance and Bristol West Insurance. He holds a Bachelor of Science and a Master of Science in economics from Renmin University of China and a Master of Science in finance and a Doctor of Philosophy in consumer economics from University of Illinois at Urbana-Champaign.
Senior Consultant for Enterprise Risk Management
Glacy helps client companies balance total risk exposures and optimize their deployment of risk capital. Previously, Glacy was senior vice president with Allstate Financial, heading its asset/liability management operations. Before that, he served as vice president and actuary with GeneralCologne Re Capital, the investment advisory arm of Berkshire Hathaway, leading its life insurance operations. Before that, Glacy was senior manager at Ernst & Young, providing strategic capital market risk advisory services to the life insurance industry. In addition, he served in various leadership capacities at Lincoln National and Citigroup.
Glacy received his Bachelor of Science degree in mathematics from Seton Hall University in South Orange, NJ. He is an Associate of the Society of Actuaries, a Chartered Financial Analyst certificant and a Chartered Enterprise Risk Analyst. Glacy is a frequent contributor to industry periodicals, writing on emerging topics of interest to industry professionals, and a well-known speaker in actuarial and investing circles. Most recently, he authored the article entitled The Art and Science of Annuity Portfolio Management for Contingencies magazine.
Senior Risk Expert
Monetary and Capital Markets Department
International Monetary Fund
Gray is also the founder and president of Macro Financial Risk, Inc. a pioneer in the application of risk management tools to economies (board members include Robert Merton and Zvi Bodie). He has worked for investment banks, hedge funds, rating agencies, IMF, World Bank, and IFC, and he has advised central banks and governments. His book Macrofinancial Risk Analysis was published in March 2008 (Foreword by Robert Merton). He has worked in more than 30 countries, and is a frequent lecturer with numerous publications. A U.S. citizen, he has a Doctor of Philosophy from MIT and is a certified Financial Risk Manager.
Firm Director, Risk Strategy and Analytics
Regulatory & Capital Markets Consulting
Deloitte & Touche LLP
Groth is a practice leader in Deloitte’s Regulatory & Capital Markets Consulting Strategy & Analytics group. He co-leads Deloitte’s Enterprise Risk Management (ERM) Practice for Insurance and leads the Firm’s Operational Risk Management Practice for the Insurance Industry. Groth is also serves as a U.S. resource to advise companies on Solvency II related issues and readiness. He has more than 24 years of experience providing risk management services to a wide range of global companies. His specialty is assisting companies with developing industry leading risk management capabilities in credit, market, underwriting and operational risks, as well as developing capabilities such as risk frameworks, economic capital and risk analytic models, risk governance structures and risk appetite and monitoring methodologies.
Groth has led ERM-related engagements in many areas including the development of ERM programs, economic capital model development, economic capital model assessments, ERM program assessments, operational risk management, DFA model implementation, ERM and GRC system vendor selection and implementations and ERM training programs.
Prior to Deloitte, Groth served as a managing director for Willis Group Ltd., responsible for its Enterprise Risk Management and Structured Risk Financing practices for North America. During his tenure at Willis, his team’s work with clients received recognition as a Harvard Business School case study, was a chapter in the book Making Enterprise Risk Pay Off: How Leading Companies Implement Risk Management, as well as the “deal of the decade” from CFO Magazine. Groth also served on Willis’ global risk financing compliance committee and as president and board member of Venture Re, Willis’s rent-a-captive.
Prior to working at Willis, Groth served in a variety of capacities at the Liberty Mutual Group, where just prior to joining Willis, he was responsible for Liberty’s Bermuda Operations. Groth received his master’s degree in business administration in finance and investments and International Finance from George Washington University where he graduated with Beta Gamma Sigma academic honors. He received his undergraduate degree in economics from the University of Washington. Groth also co-hosts Deloitte’s annual Insurance ERM Forum in New York and is a regular speaker on ERM-related issues.
U.S. Property/Casualty Actuarial Services Practice
Halpert joined KPMG in 1984 and he chairs the KPMG Actuaries Global Group. He has more than 30 years of professional experience in the insurance industry, eight with a major insurance service organization, and 25 as a consulting actuary.
Halpert has had extensive experience in all segments of property casualty actuarial work, including loss reserving, ratemaking, design of risk management reports, financial modeling and forecasting. He serves as appointed actuary for a major personal lines insurer and an international reinsurer, providing input to the insurer’s management and board on all matters related to loss and loss expense reserves.
Halpert serves on the CAS Strategic Planning Committee and the CAS Committee on Reserves, and he chairs the CAS Risk Management Committee.
EMB America LLC
Hettinger has more than 16 years of experience. He joined EMB America after a 12-year career spanning reinsurance brokering and actuarial consulting. Before joining the EMB team, Hettinger was chief actuary for the tenth largest reinsurance broker in the world, John B. Collins Associates, and was a principal with a well-respected independent actuarial consulting firm.
Hettinger’s practice areas include enterprise risk management (ERM), loss reserving including its direct implication on ERM and implementation of predictive modeling solutions. In addition he has worked extensively with captives, self-insureds and other alternative risk vehicles and he has signed statutory loss reserve opinions for personal and commercial lines companies.
Hettinger graduated from Illinois Wesleyan University in 1992 with a major in mathematics and a minor in isurance. He became a member of the American Academy of Actuaries (MAAA) and an Associate of the Casualty Actuarial Society (ACAS) in 1996.
Hettinger is very active on industry and professional committees. He currently serves the Casualty Actuarial Society (CAS) as chairman of its Ratemaking and Product Management Seminar Planning Committee and past chairman and current member of the ERM Symposium Planning Committee, in addition to being a member of the University Liaisons Committee. In the past, he has served as member of the Committee on Professionalism Education and a member of the Committee on Valuation, Finance and Investments. In addition to serving on committees, he has historically been an instructor at the CAS Limited Attendance Seminar on DFA.
Hettinger has authored a number of papers on DFA including two prize winning papers that were included on the CAS Syllabus of Exams: Building a Public Access PC-Based DFA Model, CAS Forum, Summer 1997 and Using the Public Access DFA Model: A Case Study, CAS Forum, Summer 1998. Other papers written by Tom include: Customizing the Public Access Model Using Publicly Available Data, CAS Forum, Summer 1999 and Dynamic Financial Analysis in the New Millennium, Journal of Reinsurance, Winter 2000.
Hettinger is frequently asked to speak on CAS and industry panels covering ERM and predictive modeling.
Assistant Vice President
P&C Corporate Actuarial Research
The Hartford Financial Services Group
Homan’s work involves risk modeling, risk-based pricing and capital attribution for P&C lines. This work is also coordinated with the Corporate ERM function. Homan is a Fellow of the CAS and a member of American Academy of Actuaries. He currently serves on the Extreme Event-Natural Catastrophe Subcommittee within the American Academy of Actuaries.
As a qualified member of the French Institute of Actuaries and the International Institute of Actuaries, Hulin has more than 13 years of international experience in the property and casualty (P&C) industry. Her focus in the past two years had been on defining and implementing enterprise risk management (ERM) model and processes and leading ERM teams within companies. Broader experience includes providing actuarial and financial advice in mergers and acquisitions, evaluating liabilities and loss experience and creating and implementing stochastic and deterministic financial models. She has experience in France and North America, but also the United Kingdom, Germany, Belgium, Switzerland, Spain, Portugal, Greece, Egypt and Slovenia.
Value-Based Capital Management Team
Value-based capital management offers insurers a practical way to use ERM to identify specific actions and strategies that will enhance the value of their firm. Ingram was previously the senior director, enterprise risk management (ERM), in the Insurance Ratings Group of Standard and Poor’s (S&P), New York. In that position, he spearheaded S&P’s initiative to incorporate ERM as one of the primary ratings criteria and the development of the framework for reviewing economic capital models. Ingram is co-author of the criteria that S&P is implementing to add consideration of ERM practice into all corporate ratings. In addition, he was a consulting actuary with the New York office of Milliman for seven years. He consulted on risk management and risk analysis. Ingram has more than 20 years of actuarial and general management experience in the insurance industry. where he served as corporate actuary, business unit head, planning officer, ALM actuary and pension actuary for a major U.S. insurance company.
He has authored a number of published articles relating to ERM and he has spoken on ERM at more than 100 events organized by Professional Risk Managers’ International Association, Global Association of Risk Professionals, Society of Actuaries, Casualty Actuarial Society, Actuarial Studies in Non-Life Insurance Section, Groupe Consultatif, World-Bank, Goldman Sachs and S&P in North America, Asia, Europe, Australia, and South America. He was the founder and chair of the SOA Risk Management Task Force and the first chair of the 3,000-member Joint SOA/CAS/Canadian Institute of Actuaries Risk Management Section. He is a member of the board of ERM-II and he founded the International Network of Actuarial Risk Managers. He is a graduate of Lehigh University.
Department of Financial Investments and Risk Management
Wroclaw University of Economics
Jajuga obtained a master’s degree in 1979, Doctor of Philosophy in 1982 and habilitation degree in 1987, all in economics. He is director of two programs taught in English: Master Studies in Finance and Bachelor Studies in Finance. He is a member of the Scientific Council of National Bank of Poland, the Academic Advisory Council of PRMIA and the Education and Standards Committee of PRMIA and the Editorial Board of Risk Management in Financial Institutions. His research, teaching and consulting includes the following areas: Financial markets and instruments, risk management, real estate, personal finance, and quantitative methods in finance.
Governance, Risk & Compliance practice
Jourdan brings more than 10 years of experience to PwC, serving clients in the United States and internationally. She has led the development and implementation of risk management and compliance solutions, including organizational design, risk and control self-assessments, key risk indicators, policy development and training. She has also advised clients in the definition of requirements and deployment of tools supporting such solutions.
Alongside her client service responsibilities, she has played a leading role in the development of the PwC governance risk and compliance global methodology, practical guidance on risk assessment and the COSO Enterprise Risk Management Framework and Application Guidance through research, design and writing. Jourdan also presents frequently at conferences and has published various thought leadership pieces on governance, risk and compliance subjects, including Exploring Emerging Risks, which was launched at the 2009 World Economic Forum in Davos.
Jourdan holds a Bachelor of Arts from Mount Holyoke College and an master’s degree in business administration from McGill University.
Senior Vice President
Head, Economic Research and Consulting, North America
Karl has responsibility for the North American part of Swiss Re’s “sigma” insurance industry research. In addition, he supports Swiss Re’s strategic planning and provides internal consulting on products and economic risks. Finally, he supplies insights and forecasts on the U.S. and global economies to Swiss Re and Conning Asset Management for use in a variety of corporate decisions, including asset management. Karl is an expert on the U.S. and global economies with extensive experience and knowledge of foreign markets and has lived and worked in Europe, Africa and Asia. Karl is a contributor to many forecasting surveys, including those of the Wall Street Journal, Blue Chips, Bloomberg and Reuters. He is widely quoted in the financial press and is often a guest on Bloomberg TV and CNBC. Prior to joining Swiss Re, Karl was chief international economist at WEFA, Inc., an economic forecasting firm located near Philadelphia, PA. He has a Bachelor of Arts from the University of Oregon, a Master of Science from the London School of Economics and a Doctor of Philosophy from Princeton University.
Capital Markets and Trading
Financial Risk Management Practice
Ram is a managing director in the Capital Markets and Hedging group affiliated with Milliman’s Financial Risk Management practice in Chicago. This group advises corporations and financial institutions, including banks, insurance companies and pension funds, on financial and capital markets risk management. Key focus areas include asset-liability management (ALM), dynamic hedging of fixed, variable and equity-indexed annuities, pension plan risk and surplus management and structured credit. In addition, the group is responsible for overseeing hedging programs where Milliman acts as an agent for clients.
Ram has more than 20 years of experience in the capital markets, having previously worked for Citigroup, Merrill Lynch and Allstate. He was most recently a director at Allstate Insurance in Northbrook, IL, in the ALM group and at Allstate Investments, responsible for structured finance and derivatives strategy. Prior to working at Allstate, he was a managing director in the structured finance and derivatives areas at Citigroup and Merrill Lynch, in New York and in London, providing structured finance, derivatives and risk-management services to corporations and financial institutions across the globe.
Center for Risk Management and Insurance Research
Associate Professor of Risk Management and Insurance
Georgia State University in Atlanta
Klein is a leading expert on insurance regulation and markets with 30 years of experience as a regulator and an academic researcher. He has published extensively on various topics in insurance and its regulation, including the structure and performance of insurance markets, solvency regulation, monitoring competition, price regulation, catastrophe insurance problems, urban insurance issues, workers’ compensation and international insurance regulation. He also has testified frequently at legislative and regulatory hearings on significant issues affecting insurance consumers and the industry.
Prior to joining Georgia State University in September 1996, Klein was the director of research and chief economist for the National Association of Insurance Commissioners. He also has served as staff economist for the insurance department and state legislature in Michigan. He has a Bachelor of Arts (1976), Master of Arts (1982) and Doctor of Philosophy (1986) in economics from Michigan State University. Klein is a Sloan Fellow at the Financial Institutions Center at the Wharton School of Business. He has served on the board of directors for the American Risk and Insurance Association and currently serves on the editorial boards for the Journal of Insurance Regulation and Risk Management and Insurance Review.
Chief Executive Officer
The Governance Fund, LLC
The Governance Fund LLC is a private investment management firm that seeks to capture the hidden value from differentiating well-governed companies from those which are poorly governed.
Koenig has a long history of work on governance and risk management, having served as the chair of the board of directors of the Professional Risk Managers’ International Association (PRMIA) from 2002 – 2005 and as the executive director of PRMIA and president of the PRMIA Institute from their inception until September 2007.
Koenig’s work on risk management and governance has been internationally recognized. In 2008, he was chosen as the recipient of PRMIA’s top honor, the Higher Standard Award, honoring the contributions of an individual to the global risk profession. In 2007, he was named by his industry peers as one of the first 100 members of the Risk Who’s Who international honorary society, a select group in individuals who have influenced the international practice of risk management.
Koenig’s managerial and front-line experience in the financial markets includes the development of three corporate risk management programs. Prior to his time with PRMIA, he served as the head of market and institutional credit risk management for US Bancorp Piper Jaffray and has held lead risk management roles with GMAC/RFC and Principal Residential Mortgage, Inc. (a member of the Principal Financial Group).
Koenig’s work has included the active management of more than $50 billion in nominal exposures, risk oversight of the First American Asset Management family of funds and the design of numerous educational programs in finance and risk management. He began his career with the First National Bank of Chicago.
Publications by Koenig include work in the areas of governance, enterprise risk management, compensation and incentives design, risk management program design and the influences of psychology and complexity on risk.
Koenig is the editor-in-chief of the International Journal of Financial Services Management (IJFSM). He is an editorial board member of the International Journal of Services Sciences (IJSSc) and the Journal of Risk Management in Financial Institutions (JRMFI). He is special editor (with Dr. John Birge, University of Chicago) of Innovations in Risk Management: New Advances of Risk Management in Services and special editor of The Blind Spots of Risk Management. In addition, he has been a featured industry speaker at more than 40 risk management and finance events on four continents.
Koenig has a master’s degree in economics from Northwestern University in Evanston, IL, as well as bachelor’s degrees in mathematics and economics and a certificate in statistics from Miami University in Oxford, OH, where he was a member of the Pi Mu Epsilon Mathematics Honor Society.
Senior Director of the Quantitative Research
Kreinan has a Doctor of Philosophy in probability and statistics from the University of Vilnius (Lithuania). He has published more than 50 papers and two monographs. Research areas include market and credit risk modeling, numerical methods for risk management, Monte Carlo methods, calibration of stochastic models, semi-analytical methods of portfolio valuation, design of numerical algorithms and their software implementation. Current research projects are focused on pricing and optimization of credit portfolios.
Kreinin is an adjunct professor in the Computer Science Department of the University of Toronto and has been affiliated with the Masters of Mathematical Finance Program.
In this role Krishna is responsible for Teradata’s consulting services activities in many of the country’s largest banks and capital markets firms.
Previously, he was director of Teradata’s Enterprise Risk Management and Capital Markets Practice in the Americas. He and his team supported Teradata’s financial customers including banks, insurance companies and investment banks.
Krishna joined Teradata in 2004. Prior to working at Teradata, he had 15 years of experience in technology and business consulting, especially in the securities business. He also has significant experience in the successful management of large-scale projects.
At Teradata, Krishna and his team consulted on risk management initiatives with several large financial corporations in the Americas and Europe. In addition, they were involved with numerous implementations of risk management programs to meet the Basel II Accord requirements for banks.
Immediately before joining Teradata, Krishna held the role of chief architect of the Basel II program at Canadian Imperial Bank of Commerce. Krishna has been responsible for several implementations of risk management and trading solutions across a variety of banks, dealing with diverse financial products including fixed-income instruments, interest-rate derivatives and funding products for major global institutions, as well as internet-based trading platforms for fixed-income products.
Krishna has authored numerous articles and white papers on risk data architecture, implementations and information management. He is also a contributing author to Frontiers in Risk Management. He has spoken on this topic in a range of professional associations dealing with risk management. Krishna has an extensive and varied educational background including the Chartered Financial Analyst (CFA) and Financial Risk Manager (FRM) designations, as well as graduate and post-graduate engineering degrees from Ohio State University and the Indian Institute of Technology.
Prudential Risk Division
Financial Services Authority
Lawrence joined the FSA in April 2008. Prior to that, he was the Leader of Risk Management and Compliance Consulting Services for IBM in the Greater China group and Asia pacific. Lawrence has held senior executive positions in major U.K. and U.S. financial institutions and he holds a Doctor of Philosophy in economics from the University of Chicago. Lawrence was also associate professor of Money and Financial Markets at the Graduate School of Business, Columbia University. He is an Honorary Visiting Professor at Cass Business School, City University, London, and he has published widely in scholarly and professional journals on risk management, money and banking technology, and regulation in the financial services industry.
Senior Vice President, Supervision and Regulation
Federal Reserve Bank of Chicago
Lemieux directs the supervision and regulation of more than 900 banking organizations including state-chartered member banks, bank holding companies, financial holding companies and U.S. foreign bank branches within the Seventh Federal Reserve District. Additionally, she chairs the System’s Regional Banking Organization (RBO) group, serves as the chair of the Federal Reserve System Subcommittee implementing Basel II training and is a member of the Basel Implementation Council.
Lemieux began her career in 1990 with the Federal Reserve System at the Kansas City Fed. She joined the Chicago Reserve Bank as a senior examiner in 1996 and she has assumed a number of management positions of increasing responsibility within the department. Lemieux has more than 30 years’ experience in the industry, serving as a lender, professor, policy analyst and bank regulator. She holds a Doctor in Philosophy from Texas A&M University.
Professional Risk Managers’ International Association (PRMIA)
PRMIA is a global association of risk professionals which offers risk management standards, accreditation exams and specialist training to its 58,000 members worldwide. Lindo is a seasoned risk management professional with more than 30 years’ experience in commercial banking, retail lending, hedge funds, insurance, trade finance and leasing. He has been a member of PRMIA since its inception and was an active volunteer as regional director of PRMIA’s chapter in Minneapolis before accepting his full-time appointment as PRMIA’s executive director. He has a master’s degree from Oxford University, England, has lived and worked in Europe and North and South America and is fluent in English, French, German, Spanish and Portuguese.
Senior Vice President, Chief Risk Officer
Mahaffey leads the company’s enterprise risk management function reporting to the enterprise chief financial officer. He is currently the chair of Nationwide’s Enterprise Risk Council and Operational Risk Alignment Committee, as well as a member of the Investment Risk Committee, Catastrophe Risk Committee, Finance Council, Risk & Capital Modeling Committee, Crisis Management Committee and the Business Unit Risk Committees for the Property and Casualty, Errors and Omissions and Financial Services business units.
Mahaffey began working in January 2004 with Nationwide to establish an integrated risk and capital management discipline across all business units and functional areas. He was elected associate vice president of enterprise risk management in 2005, vice president of risk and capital management in 2007, and senior vice president and chief risk officer in 2008.
Mahaffey began his career in the Los Angeles headquarters of Gibson, Dunn, & Crutcher LLP, a leading global law firm, where he held several positions within the firm’s corporate finance group. In 2001, he joined the Strategy and Operations Practice of Deloitte Consulting, working with Fortune 500 clients in the financial services, energy and consumer business sectors. Mahaffey’s practice areas included enterprise risk and capital management, merger and acquisition strategy, post-merger integration, and finance strategy and operations improvement.
Mahaffey holds a bachelor’s degree in business administration from Pepperdine University and a master’s degree in business administration from the University of Michigan Ross School of Business.
Chief Executive Officer
Black Diamond Risk
Black Diamond Risk provides corporate governance, risk management consulting, risk software tools and transaction services. Mark is the founding executive director of the Masters of Financial Engineering Program at the University of California, Los Angeles, Anderson School of Management. He serves on several boards, as well as on Checkpoint’s Investment Committee. In 1998, he was awarded the Financial Risk Manager of the Year by the Global Association of Risk Professionals (GARP). He is the vice chairperson of the board of the Professional Risk Managers’ International Association (PRMIA).
Prior to his current position, he was the senior executive vice-president and chief risk officer (CRO) at the Canadian Imperial Bank of Commerce (CIBC). Mark was a member of the Management Committee. His global responsibility covered all credit, market, and operating risks for all of CIBC, as well as for its subsidiaries. Prior to his CRO position, Mark was the corporate treasurer at CIBC.
Prior to working at CIBC, he was the partner in charge of the Financial Risk Management Consulting Practice at Coopers & Lybrand (C&L). The Risk Management Practice and C&L advised clients on risk management issues and were directed toward financial institutions and multi-national corporations. This specialty area also coordinated the delivery of the firm’s accounting, tax, control and litigation services to provide clients with integrated and comprehensive risk management solutions and opportunities.
Prior to his position at C&L, Mark was a managing director in the Asia, Europe and Capital Markets Group (AECM) at Chemical Bank. His responsibilities within AECM encompassed risk management, asset liability management, research (quantitative analysis), strategic planning and analytical systems. Mark served on the Senior Credit Committee of the Bank. Before he joined Chemical Bank, he was a senior officer at Marine Midland Bank/HongKongShanghai Bank (HKSB), where he headed the technical analysis trading group within the Capital Markets Sector.
Mark earned his Doctor of Philosophy with a dissertation in options pricing from New York University’s Graduate School of Engineering and Science, graduating first in his class. Subsequently, he received an Advanced Professional Certificate (APC) in accounting from NYU’s Stern Graduate School of Business and he is a graduate of the Harvard Business School Advanced Management Program. Mark is an adjunct professor and co-author of Risk Management (McGraw-Hill), published in October 2000, as well as a co –author of The Essentials of Risk Management (McGraw Hill) published in December 2005. Mark served on the board of ISDA, and as chairperson of the National Asset/Liability Management Association (NALMA). Mark is also currently a lecturer on Risk Management at the University of California, Berkeley.
Tillinghast business of Towers Perrin
An actuary with more than 20 years of service in the insurance industry, McIntyre has experience in enterprise risk management (ERM), insurance asset management, capital management, reinsurance strategies, business planning, loss reserving and pricing.
McIntyre has worked on numerous consulting projects for Towers Perrin, including loss reserve analyses for re/insurers, captives, self-insurance trust funds and insurance guaranty associations. He also performed numerous asbestos and pollution reserve modeling assignments, provided asbestos liability expert testimony in a major coverage dispute and developed an allocation model to support a large workers’ compensation carve-out settlement. He worked on the development of TAS:P/C, Towers Perrin’s dynamic financial analysis model.
Prior to rejoining Towers Perrin in 2008, McIntyre was a director and senior vice pesident with Conning & Company in Hartford, CT. He developed and led Conning’s Strategic Consulting Practice, which provides enterprise risk management and asset liability management consulting services to insurance clients. Before launching the consulting practice, McIntyre was a senior member of the firm’s investment advisory team, where he provided asset liability management and related services to Conning asset management clients.
McIntyre is a Fellow of the Casualty Actuarial Society and a member of the American Academy of Actuaries.
McIntyre co-authored Measurement of U.S. Pollution Liabilities, which was published in the 1994 Casualty Actuarial Society Forum, and DFA Insurance Company Case Study, which was published in the 2001 Casualty Actuarial Society Forum.
McIntyre has a Bachelor of Science degree in mathematics from Pennsylvania State University.
Global Financial Services Risk Management Practice
Ernst & Young
McKinney has approximately 20 years of industry experience in capital markets, banking, broker/dealer operations and operational risk management and compliance. During the past six years, he has played an integral role in the development and deployment of Ernst & Young’s (E&Y) operational risk management framework and approach, including the development and integration of a suite of supporting tools and methodologies as part of E&Y’s Basel II service offering. In this capacity, McKinney has managed a number of varied types of engagements assisting financial institutions in the establishment of appropriate governance and oversight structures, development and improvement of business processes ensuring adequate controls are maintained and key risks identified are managed in an effective manner. He has been responsible for leading engagements related to operational risk framework development, risk and control self-assessment implementations, loss data collection, identification of key risk indicators, scenario methodologies and capital modeling approaches.
Besides Ernst & Young, McKinney has held positions at Lehman Brothers, Salomon Brothers and Citigroup. He holds a bachelor’s degree in business administration in accounting from Baruch College and is a licensed Certified Public Accountant in State of New York. McKinney has also successfully passed the Series 7 and Series 63 Securities Examinations.
Board of Directors
Federal Housing Finance Board
Mendelowitz was appointed to the Board in 2000, and served as its chairman until June 2001. He previously served as the executive director of the U.S. Trade Deficit Review Commission, a congressionally appointed, bi-partisan panel, from 1999 until his appointment to the Federal Housing Finance Board (FHFB). From 1996 to 1998, as executive vice president of the Export-Import Bank of the United States, Mendelowitz was the senior career official responsible for overseeing all Export-Import Bank programs and operations.
From 1981 to 1995, he was managing director for international trade, finance and economic competitiveness at the General Accounting Office, during which time he directed a large number of studies of the nation’s international trade and finance programs and policies and testified more than 140 times before committees of the Congress of the United States. Mendelowitz spent 1980 as the senior economist and representative of the comptroller general with the Chrysler Corporation Loan Guarantee Board negotiating the terms of the federal loan guarantee. Prior to joining the GAO he was an economic policy fellow at the Brookings Institution and on the faculty of the Department of Economics of Rutgers University, where he taught courses in international trade and finance and urban and regional economics.
Articles by Mendelowitz have appeared in the Journal of Business, the National Tax Journal, the Journal of Policy Analysis and Management, the Financial Times, the American Banker, and various conference proceedings’volumes.
Mendelowitz received a Bachelor of Arts degree from Columbia University, and Master of Arts and Doctor of Philosophy degrees from Northwestern University.
Aon Benfield Analytics Americas
Aon Benfield Analytics
Aon Benfield Analytics is the enterprise risk management, actuarial, catastrophe modeling, rating agency, economic analysis and value added services division of Aon Benfield. Analytics in the Americas comprises 200 professionals dedicated to assisting Aon Benfield brokers and clients analyze risk and capital, and formulate and execute risk transfer mechanisms. The Americas actuarial practice includes more than thirty qualified actuaries.
Mildenhall joined Aon in 2003. Prior to working at Aon, he was vice president of actuarial pricing for Kemper Insurance. Before that he was with CNA Re Facultative and CNA Personal Lines in Chicago.
Mildenhall is a Fellow of the Casualty Actuarial Society, an Associate of the Society of Actuaries, and a member of the American Academy of Actuaries, the American Risk and Insurance Association and the American Finance Association. He is a frequent speaker at professional meetings. He is the author of a number of published papers on actuarial science in the areas of risk theory, the intersection of insurance and finance, and applications of probability and statistics to reserving and ratemaking problems. Mildenhall received his master’s and Doctor of Philosophy degrees in mathematics from the University of Chicago, and a Bachelor of Science in mathematics from the University of Warwick in England.
The Individual Finance and Insurance Decisions (IFID) Centre
Associate Professor of Finance
Schulich School of Business at York University
Milevsky has lectured in the joint Kellogg/Schulich EMBA program, as well as at the University of Leuven in Belgium and ORT University in Uruguay.
Milevsky’s expertise is on the interplay between financial risk management and personal wealth management. In addition to teaching, he works as a consultant for a variety of financial services companies and pension funds. He has been interviewed by Business Week, The Wall Street Journal, The New York Times, Barron’s Fortune and Money Magazine.
MIlevsky has published more than 40 scholarly research articles, is the founding co-editor of the Journal of Pension Economics and Finance, and is the author of the 1999 Canadian best seller Money Logic: Financial Strategies for the Smart Investor (Stoddart Press). In 2003, a series of articles he wrote for the National Post Business were honored with National Magazine Awards. His most recent book, The Calculus of Retirement Income is being published by Cambridge University Press in early 2006.
Milevsky was born in Toronto, Canada, but grew up in Latin America, the United States and the Middle East; thus, he brings a unique multicultural perspective to his research and presentations. He currently lives in Toronto with his wife Edna and four daughters, Dahlia, Natalie, Maya and Zoe.
Moews was the vice president and corporate/chief risk officer of Allstate, responsible for enterprise risk and return management, the Six Sigma Center of Expertise, and Allstate financial investor relations support.
Moews’ previous responsibilities have included life insurance operations outside of the United States, including Japan, South Korea, Indonesia, India, China and the Philippines. Other responsibilities involved leading corporate strategy, individual and group insurance product development, the Allstate Agent Life & Annuity Profit Center, the Direct Response Life and Health Profit Center, the Western Zone Life Region in the field, budgeting/financial analysis and GAAP/STAT valuations.
Moews’ committee memberships during the past 15 years have included chairman of the Chief Risk Officer Roundtable, chairman of LIMRA’s Strategic Issues Committee, LIMRA’s International Advisory Board, ACLI’s International Committee, International Insurance Society (IIS) and Board of Directors of the International Insurance Council (IIC).
Moews graduated from the University of Illinois with a Bachelor’s Degree in actuarial science and a minor in finance. He is a Fellow of the Society of Actuaries, a Chartered Enterprise Risk Analyst and a member of the American Academy of Actuaries. Moews is a frequent industry speaker on enterprise risk management.
Tillinghast insurance consulting practice of Towers Perrin
Mueller has been with the firm since 1986. He is a principal of Towers Perrin and a member of the firm’s Global Enterprise Risk Management (ERM) Team, where he leads the ERM practice for life insurers in the Americas. He also manages the firm’s quarterly CFO Survey.
His more than 20 years of consulting experience covers a variety of areas, including developing and implementing a framework for economic capital; assisting companies with the implementation of principles-based regulation for capital and reserves; actuarial valuations with particular focus on embedded/appraisal values and the implementation of economic value added as a performance measurement system; the design, implementation and review of asset/liability management (ALM), capital management and enterprise risk management (ERM) strategies; and
providing assistance in developing and implementing strategies for the management of
guarantees on equity-based products.
Mueller is a Fellow of the Society of Actuaries and a Chartered Enterprise Risk Analyst. He is a member of the American Academy of Actuaries’ Life Capital Adequacy Subcommittee and the Annuity Capital Working Group. He is also a qualified German Actuary (Aktuar DAV).
Mueller is a frequent speaker at industry seminars in the United States, Europe and Asia and has coauthored several articles on insurance topics in trade publications in the United States and Europe.
Born and educated in Germany, Mueller received a Master of Science in mathematics and economics (Wirtschaftsmathematik) from the Albert Einstein University at Ulm, Germany. He also received a Master in Science in probability and statistics from Syracuse University.
Senior Vice President, Investments
Nan Tie manages financial risk and asset liability management at Travelers, a Fortune 500 property casualty company in Saint Paul, MN, providing commercial, specialty and personal insurance. Previously he was a vice president at Goldman Sachs & Co. in New York and prior to that held positions at Morgan Stanley, New York, NY, and Lockheed, Palo Alto, CA.
He is a reviewer for the American Mathematical Society, serves on advisory boards of universities and boards of Minneapolis-Saint Paul non-profits. He also practices aikido. He received his bachelor’s degree in science with first class honors from Monash University, Australia, his master’s degree and doctorate in mathematics from State University of New York at Buffalo and his master’s degree in statistics from Carnegie Mellon University.
Financial Services and Insurance Practice
Nocera has more than 12 years of experience as an IT consultant. He started his career as IT auditor. He spent several years as an information security consultant. In recent years, Nocera has been focused on IT governance and process improvement. He has deep experience in assisting IT organization meet regulatory demands such as Sarbanes-Oxley and HIPAA. In addition, Nocera is a leading consultant in CobiT, ITIL and other internationally accepted IT frameworks. He has assisted organizations in building information security departments, information risk management functions and overall IT governance functions.
Nocera graduated Summa Cum Laude from the University of Notre Dame. He resides in Chicago with his wife, Laura, and their two children, Molly and Nicholas.
Associate Professor of Finance
Kellstadt Graduate School of Management
Pakravan previously had a 25-year career as a senior strategist in global financial markets, His last banking position was senior foreign exchange strategist at JPMorgan. Prior to that, he managed the Country Risk management function at Bank One and its predecessor banks. Pakravan is a recognized specialist in leading-edge applied macroeconomic and financial research on currencies and emerging markets, country risk assessment and modeling in an enterprise-wide risk management context, as well as international financial architecture.
He is a frequent speaker at client events, and academic and professional meetings, as well as an established lecturer in international financial issues at leading academic institutions. Pakravan is a University of Chicago graduate with a Doctor of Philosophy in economics and has a wide range of experience and interests in many aspects of both finance and economics. He is also the author of numerous publications.
Enterprise Risk Management Practice
Panning advises insurers and other financial firms on issues pertaining to enterprise risk management (ERM). Current and past ERM clients include Progressive Corporation and United Grain Growers (now Agricore United), where his consulting team headed a project that became the subject of case studies at the Harvard Business School and the University of South Carolina. In April 2006, Panning became the first recipient of the ERM Research Excellence Award, established by The Actuarial Foundation to recognize excellence in contributions to the growing body of knowledge and research in ERM, for his paper Managing the Invisible: Measuring Risk, Managing Capital, Maximizing Value. In November 2006, he was awarded the Charles A. Hachemeister prize by the Casualty Actuarial Society for his paper Estimating Loss Reserve Uncertainty. Three of his papers have been selected by the Casualty Actuarial Society for their examination syllabus, two have been selected by the Society of Actuaries and another won a Graham & Dodd Award of Excellence as one the best articles published in the Financial Analysts Journal.
After teaching at the University of Pennsylvania’s Wharton School and other universities, Panning held positions as the principal property-casualty investment strategist at Aetna, as director of asset-liability management and director of investment risk management at The Hartford, as senior portfolio manager (of $4 billion) and head of portfolio analytics at an investment firm, as chief
operating officer of Willis’ Advanced Risk Management Services Division, and as chief investment officer and co-president at Integrity Life. After the sale of that firm, he joined Willis Re in March 2000 to help build its analytical capabilities. Panning holds a Doctor of Philosophy from the University of Pennsylvania and a Bachelor of Arts from the University of Kansas.
In May 2007, the Reinsurance Association of America (RAA) and the Insurance Education Institute (IEI) presented Panning with their Lifetime Achievement Award for his contributions to educating insurance professionals and improving the way in which risk is measured, understood and managed. He has also been selected by his peers as a Charter Member of Risk Who’s Who.
Enterprise Risk Management
Sterling Jewelers Inc.
Parija has more than two decades of experience in project management, corporate finance, strategic planning, and mergers and acquisition analysis, in addition to risk management. Parija started his risk management career at Cinergy Corp., a power utility based at Cincinnati, Ohio. He has overseen all aspects of risk management such market, credit and operational risk in a commercial power trading environment. He started and developed the enterprise risk management (ERM) function at Cinergy Corp. and continued in the role after Cinergy Corp. merged with Duke Energy. Later, he has successfully designed and developed the ERM function at Sterling Jewelers that includes regulatory compliance and privacy.
Parija has a master’s degree in economics from the Jawaharlal Nehru University, New Delhi, India and a master’s degree in business administration in finance from Indiana University, Bloomington, IN.
Chair in Quantitative Finance
University of Technology
Prior to this appointment, Platen was the founding head of the Centre for Financial Mathematics at the Institute of Advanced Studies at the Australian National University. He is adjunct professor of this university. He has a Doctor of Philosophy in mathematics from the Technical University in Dresden and obtained his Doctor of Science from the Academy of Sciences in Berlin. He is co-author of two well-known books on numerical methods for stochastic differential equations and a recent book on his benchmark approach in quantitative finance at Springer.
He has authored more than 140 papers in finance, insurance and applied mathematics. He serves on the editorial boards of five international journals including Mathematical Finance and Quantitative Finance. His current research interests cover areas ranging from long-term financial market modeling, insurance, portfolio optimization, derivative pricing and dynamic risk analysis to numerical methods in finance. He initiated and has been co-organizing the annual Quantitative Methods in Finance conference series.
Counterparty Credit Risk Analytics Group
Bank of America
Pykhtin’s main responsibility is developing new credit risk methodologies for the bank’s portfolio of derivatives and other capital market products. Prior to joining Bank of America in 2005, Pykhtin worked at KeyCorp, where he was responsible for developing models of portfolio credit risk and economic capital.
He edited Counterparty Credit Risk Modeling, published by Risk Books. He is also a contributing author to three recent Risk Books titles. Pykhtim has published several research articles in the leading industry journals and he is a member of the editorial board of the Journal of Credit Risk.
Pykhtin holds a Doctor of Philosophy in physics from the University of Pennsylvania.
Senior Vice President, Actuarial and Strategic Analysis
Assurant Asset Management
Assurant is a premier provider of specialized insurance products and related services in North America and selected other markets. A specialist in investment quantitative analytics, Rabinowitz directs the Actuarial and Strategic Analysis Department and is responsible for enterprise risk management and corporate actuarial.
With an extensive educational background in engineering, mathematics and research, Rabinowitz started his career in 1980 with the National Institute for Aeronautics and Systems Technology in his native South Africa, where he rose to the position of senior chief research officer. He was a senior lecturer in electrical engineering at the University of Witwatersrand in Johannesburg from 1986 to 1988. After moving to New York in 1989, he spent four years with Equitable, the latter two of which were spent with Equitable Capital Management Corporation. He then spent three years with Global Advanced Technology in the financial consulting group. Rabinowitz joined Assurant in March 1996, assuming his current position of senior vice president in January 2003.
Rabinowitz holds three advanced degrees from Polytechnic University in New York, where he was awarded a Weber Scholarship. He holds a master’s degree and a doctorate in electrical engineering and a second master’s degree in mathematics. In addition, he holds a master’s degree in electrical engineering from the University of Witwatersrand.
Vice President, Risk Management
In this role, Rich is responsible for the valuation and risk measurement of a portfolio of energy marketing and development companies that span the natural gas, electricity, and biofuels industries.
Jim was formerly the lead manager responsible for building the energy practice for a New York-based risk management consulting firm. His focus was on the practical implementation of frameworks for the management of market, credit, and liquidity risk. Prior to consulting, he held management positions in the capital markets and risk management departments of a $30 billion commercial bank and the fixed income trading desk of a $50 billion asset management company.
Jim holds a master’s degree in business administration from Babson College, a Bachelor of Science in chemical engineering from Tulane University and he continues with post-graduate work in applied mathematics from the University of Nebraska.
Chief Risk Officer
Global Proprietary Trading Group
Rodriguez’ focus is on the risk management of a global cross-asset class proprietary trading portfolio within the investment banking division of Credit-Suisse. His primary responsibilities include the development of portfolio risk limits and monitoring of portfolio risk profiles. He worked previously at Morgan Stanley reporting to the CRO of the bank, with responsibility for market risk methodology for the Institutional Securities Group. He began his career in financials services in risk management, monitoring the risk of the Commodities Division at Morgan Stanley.
Prior to working in the financial services industry, Rodriguez was a professor at the Goizueta Business School at Emory University. His research has been published in the Journal of Financial Economics and the Industrial Labor Relations Review. He is a former National Science Foundation Fellow and is a regular participant in industry forums on market risk. He is also an adjunct faculty member with Baruch’s Zicklin School of Business. Rodriguez holds a Doctor of Philosophy in economics from M.I.T. and a Bachelor of Science from the United States Military Academy. He is also a former Army Ranger.
Co-founder and Chief Executive Officer
R2 Financial Technologies
Rosen acts as an advisor to institutions in Europe, North America and Latin America on derivatives valuation, risk management and economic and regulatory capital. In addition, he is currently a visiting fellow at the Fields Institute for Research in Mathematical Sciences and an adjunct professor in mathematical finance at the University of Toronto.
Rosen lectures extensively around the world on financial engineering, enterprise risk and capital management, credit risk and market risk. He has authored numerous papers on quantitative methods in finance and risk management, as well as applied mathematics and operations research. He has co-authored two books and various chapters in risk management books (including two chapters of Professional Risk Managers’ International Association’s [PRMIA] Professional Risk Manager Handbook). In addition, Rosen is a member of the Industrial Advisory Board of the Fields Institute, the Academic Advisory Board of Fitch, the Advisory Board, Credit Risk and Educational Committees of the IAFE (International Association of Financial Engineers) and the former regional director in Toronto of PRMIA. He is also a member of the Oliver Wyman Institute and one of the founders of RiskLab, an international network of research centers in financial engineering and risk management, initiated by the University of Toronto.
Up to July 2005, Rosen had a successful 10-year career at Algorithmics Inc., where he held senior management roles in research and financial engineering, strategy and business development, and product marketing. In these roles, he was responsible for setting the strategic direction of for the firm’s products, new initiatives and strategic alliances, as well as heading up the design, positioning of counterparty credit risk, portfolio credit risk, capital management, market risk management tools, operational risk, advanced simulation and optimization techniques and their application to several industrial settings.
He holds an Master of Science and Doctor of Philosophy in chemical engineering from the University of Toronto.
Rosholt is the former chief financial officer of Nationwide, one of the largest diversified insurance and financial services companies in the world. He was with the company from September 2002 to April 2008.
His responsibilities included the overseeing the Offices of Finance and Investments, handling treasury, accounting, taxation, risk management and other key financial processes for the enterprise, and overseeing portfolio management, fixed income securities, real estate investments, enterprise investment strategy, the Office of Corporate Strategy and Nationwide Realty Investors, a real estate development company.
With broad experience in the financial services industry, Rosholt came to Nationwide from Aon, where he served as executive vice president and chief of operations of the company’s risk services unit. In addition, he was responsible for Aon’s corporate e-business initiatives, corporate marketing and communications, strategic sourcing, and strategic investments. Rosholt also served as chief financial officer at First Chicago Corporation and its successor companies including Bank One, where he had, among other responsibilities, oversight for capital and asset liability management, as well as proprietary investment activities.
Rosholt serves as a board director for the public companies of Abercrombie and Fitch and Houston Casualty Company, as well as on the Financial Services Advisory Board for Alvarez and Marsal. Also, he has done management consulting for the Northern Trust Bank. Rosholt taught a course in enterprise risk management at the Fisher College of Business MBA program at Ohio State University in 2008 and plans to teach classes in 2009. He is a past board member for the Bank Administration Institute, Columbus Symphony Orchestra, and Evanston Northwestern Hospital, a member of the Financial Services Roundtable and past director of the Chicago Board Options Exchange.
Rosholt holds a bachelor’s degree from St. Olaf College, Northfield, MN, and a master’s degree in business administration from the University of Rochester. He has two children and is married to Sharon Brunelle.
Rubin is a principal in the Actuarial and Insurance Management Solutions (AIMS) Practice and has 20-plus years of experience as an actuary.
While at Bear Stearns, where he spent approximately three years as a managing director, Rubin was responsible for the development of capital markets strategies that enabled insurance companies to manage risk and enhance capital. In addition, he reviewed mergers and acquisitions appraisals and, in this role, advised as to the appropriateness of methods and assumptions.
Prior to joining Bear Stearns, Rubin spent more than 17 years at TIAA-CREF in various positions with the most recent being vice president of finance and chief actuary for TIAA-CREF Enterprises. His responsibilities included product development, valuation and asset/liability management for TIAA-CREF’s non-pension products. Non-pension products included life insurance, group life and disability, mutual funds, not-qualified annuities, trust services, section 529 plans and long-term care.
Rubin is a co-author of the Institutional Investor’s recently published book on asset/liability management, as well as articles on asset/liability management for Contingencies and the Journal of Risk Finance and on Fair Value for the International Congress of Actuaries and the Actuarial Practice Forum. He is a frequent industry speaker on the subject of capital markets and insurance. Some of the topics he has addressed include securitization, derivatives, fair value of liabilities, risk management, economic capital, economic earnings, and enterprise risk management.
Rubin is a member of the Society of Actuaries Risk Management Council, a former member of the Society of Actuaries Investment Council, a member of the Life Products and the Life Financial Reporting Committees of the American Academy of Actuaries and a member of the Solvency Committee of the American Academy of Actuaries.
BMO Capital Markets
Bank of Montreal
Rubisov has been with the Bank of Montreal since 2000, spending five years in risk management. Before that he was a post-doctoral fellow and research associate at the University of Toronto. He holds a Doctor of Philosophy in mathematical physics from Technical University of St. Petersburg (Russia). Rubisov has authored more than 30 papers whose topics range from stability of motion and process modeling to chemical engineering and pricing theory and statistics.
Rudolph Financial Consulting, LLC
Rudolph focuses on tools that help organizations make better decisions using common sense and being skeptical of common practices. His 25 years of financial modeling expertise have led to best practice strategies related to asset liability management (ALM), enterprise risk management (ERM), liquidity, capital management and emerging risks. He is also a successful personal investor and writes a monthly newsletter covering risk management and investment topics, including his well-received annual financial predictions. Rudolph frequently presents and writes on how to implement various tools given limited resources. Many of his articles and presentations can be found at www.rudolphfinancialconsulting.com .
Rudolph has been named a thought leader in the ERM discipline and awarded the Chartered Enterprise Risk Analyst designation by the Society of Actuaries (SOA). He served the actuarial profession as a member of the SOA Board of Governors and chair of the SOA’s Investment Section. He currently chairs the American Academy of Actuaries’ Economic Scenario Work Group and is a member of the Life Capital Adequacy Subcommittee. Rudolph is the chair of the 2009 ERM Symposium and co-chairs the CERA Experienced Practitioner Pathway Seminar. He enjoys coaching his sons’ athletic teams and resides in Omaha, NE.
First American Corporation
Ruhm is responsible for reserving and other actuarial functions within the company. Prior to joining First American, Ruhm served as assistant vice president at The Hartford Financial Services Group in Hartford, CT.; as an actuary for American International Group in New York City; and as associate actuary for Universal Underwriters Group in Overland Park, KS. In addition to extensive industry experience, Ruhm holds a bachelor’s degree in mathematics from the University of California, San Diego, is a Fellow of the Casualty Actuarial Society and is a CFA charterholder.
Speaker, Writer, Consultant
Sager has a Doctor of Philosophy in statistics from the University of Iowa. He has been a professor of statistics at Stanford University and the University of Texas. His research interests have included the mathematical theory of statistics and the application of statistics to environmental studies and insurance companies. He has also consulted extensively for insurance and re-insurance companies, law firms, government agencies, large and small corporations and consulting firms. His scholarly work has appeared in such journals as the Annals of Statistics, the Journal of the American Statistical Association, the Journal of the Royal Statistical Society, the Journal of Environmental and Ecological Statistics, Journal of Risk and Insurance, Journal of Banking and Finance, the Geneva Papers on Risk and Insurance.
Department of Statistics and Actuarial Science
University of Waterloo
Senior Research Consultant
R2 Financial Technologies
Saunders is the author of many articles on the subjects of risk management, portfolio optimization and derivatives pricing. He holds a Doctor of Philosophy in mathematics from the University of Toronto and is a research fellow of the HERMES European Center of Excellence on Computational Finance and Economics at the University of Cyprus, and the Waterloo Institute for Quantitative Finance and Insurance at the University of Waterloo.
Corporate Modeling Department
Schraub co-leads the Corporate Modeling Department where cash flow testing, fair value reporting and other modeling applications are performed. Prior to joining Allstate, he held pricing and valuation positions within French life insurance companies in Paris and an audit/consulting position within the life section of Ernst & Young Actuarial Services in Chicago.
Schraub earned his master’s degree in actuarial science from the Ecole Nationale de la Statistique et de l’Administration Economique, Paris, France in 1996 and his Actuaire Qualifie designation from the Institut Des Actuaires in 1997. In the United States, he is an Associate of the Society of Actuaries, a Chartered Enterprise Risk Analyst and a Member of the American Academy of Actuaries.
U.S. Leader of ERM Services
Watson Wyatt Insurance & Financial Services
Segal consults to companies in all sectors, including insurance, banking and non-financial services. With more than 20 years experience, Segal has a range of expertise, including Enterprise Risk Management (ERM), capital management, Sarbanes-Oxley, value-based management and stochastic retail financial planning.
Segal’s experience includes five years at Deloitte Consulting, where he co-led their ERM Practice for insurance companies in the United States and led the development of their insurance ERM point-of-view and modeling approach and tools. He spent 16 years at MetLife, where he was a key player in the first successful implementation of economic capital by a U.S. insurer, assisting in its integration into key company processes, including strategic planning, capital planning and pricing. Segal also led MetLife’s IPO eligibility team and helped establish a corporate reinsurance unit.
Segal is a frequent speaker at professional conferences and has published numerous articles in industry publications. He currently serves as a member of Society of Actuaries (SOA) Board of Directors, vice chair of SOA Leadership Development Committee, a member of 2009 ERM Symposium Planning Committee, a member of Actuarial Society of Greater New York (ASNY) Continuing Education Committee and editor of Risk Management. Segal has previously served as president of ASNY, chairman of SOA Management & Personal Development Section and a lead actuary in The Actuarial Foundation’s Advancing Student Achievement program.
Segal graduated summa cum laude from Wayne State University, with a Bachelor of Arts in mathematics. He is a Fellow of Society of Actuaries, a Chartered Enterprise Risk Analyst and a member of American Academy of Actuaries. CERA is a professional credential in ERM recently launched by the SOA. Segal was one of a select group awarded the CERA based on his “thought leadership” and “significant contributions to advance the practice.” He has also served as SOA faculty for the CERA Experienced Practitioner Pathway (EPP) qualifying seminar.
Bermuda Monetary Authority
One of Skaw’s key responsibilities is developing an approval process for companies wishing to use an economic capital model for determining regulatory capital. He is actively involved in the development of solvency and actuarial standards world wide.
Prior to joining the Bermuda Monetary Authority (BMA), Rick was with Tillinghast, and has advised governments and corporations in many countries on a range of actuarial, financial and strategic matters.
Towers Perrin New York
Shimpi has global responsibility for enterprise risk management (ERM), covering both financial and non-financial institutions. He is also president and chief executive officer of Towers Perrin Capital Markets Inc. Shimpi has worked across academic disciplines and professional associations to develop both the theory and practice of ERM. He was editor and principal author of Integrating Corporate Risk Management, a practitioner’s reference book on the convergence of insurance and capital markets. He has held visiting Fellowships at Wharton, the London School of Economics and Peking University and served on the Corporate Governance Task Force of the CFA Institute. Shimpi is a Fellow and a Chartered Enterprise Risk Analyst of the Society of Actuaries and a CFA charterholder.
Quantitative Audit Team
TD Bank Financial Group
The Team performs audit procedures with respect to the development, vetting, usage and validation of mark-to-market and risk measurement models used across all business lines at the Bank.
Prior to joining TDBFG, Shipilov worked as a director with Risk & Regulatory Advisory Practice at PricewaterhouseCoopers. He consulted financial institutions and corporate treasuries on valuation and risk management issues, working in Canada, the United States, Great Britain, Spain and Russia. His specific area of expertise included implementation and vetting of valuation and risk measurement models and control procedures used in financial institutions and treasuries dealing with valuation/risk measurement models, structured products and complex derivative instruments.
Shipilov serves as treasurer on the board of directors for The Professional Risk Managers’ International Association, www.prmia.org.
Principal and Consulting Actuary
Silverman joined the firm in 1999 where he consults on life insurance and annuity products. During the past several years, he has advised insurance companies, banks, hedge funds and financial guarantors on capital market securitizations and private structured transactions relating to reserve redundancies, embedded values, and longevity risk. Silverman also has experience in reinsurance, demutualizations, asset liability management, mergers and acquisitions, market-conduct lawsuit settlements, product development, reserve valuation and dividend determination. Stuart has a Bachelor of Science in computer science from Binghamton University.
Sommerfield graduated with a degree in mathematics from Duisburg University in 1996 and started his career at a primary insurer, where he became chief actuary and appointed actuary. During that time, he qualified as an actuary within the German Actuarial Society (DAV).
In 2001 he became co-founder of EMB in Germany, where he has worked with many national and international insurance companies, mainly in the areas of enterprise risk management/dynamic financial analysis and personal lines pricing.
On ERM/DFA, he was involved in the conceptual design, building and use of internal models for value-based management internally and regulatory purposes externally. Sommerfield is an expert on evaluating risk strategies on a combined asset and liability view. With this knowledge, he supports the DAV working party on internal risk models and is co-tutor on the advanced course of the German Actuarial Academy.
On personal lines pricing, Sommerfield has worked with many European companies to develop comprehensive pricing strategies, taking into account predicted future claims experience and the price sensitivities of each individual customer in different competitive environments.
Canada Research Chair Professor in Quantitative Risk Management
Department of Statistics and Actuarial Science
University of Waterloo
Tan is the associate director of the Institute for Quantitative Finance and Insurance (IQFI). IQFI was established in 2004 to create a unique centre for research and advanced training in quantitative finance and risk management at the University of Waterloo. IQFI was also a founding member of the Enterprise Risk Management Institute International (www.ermii.org). Tan was a founding council member of the Joint Risk Management Section and he was subsequently re-elected to the section for the period 2004-2007 and served as the co-editor for the section’s newsletter.
Currently, he is the elected council member, in capacity as the treasurer, of the SOA Education and Research Section. He is also affiliated with the Centre University of Finance and Economics, Beijing, as the Cheung Kong Scholar. Tan has co-authored several research articles in finance, risk management and actuarial science and his papers have been published in actuarial, finance and mathematics journals. He has received several awards, including the 1996-97 Redington Prize, the North American Actuarial Journal Annual Prizes 2001 and 2003. His pioneering work on Quasi-Monte Carlo method has been honored as one of the seven most important contributions in investment research in the last 50 years, as judged by the Investment Section of the Society of Actuaries.
Promontory Financial Group and Ludwig Associates
Strauss works for Eugene Ludwig’s (former Comptroller of the Currency under President Clinton) sister firms, which service the financial services industry in the areas of risk management, strategic advice, compliance, economic analysis and other areas. Strauss plans to launch his own firm in the summer of 2009 with offerings including rating agency advisory services, enterprise risk management and credit risk management consulting tailored to the insurance and financial services sector.
Prior to becoming a consultant, Strauss had a career marked by diverse roles as a non-traditional actuary: key member of Ambac Financial’s Structured Insurance Area, senior credit analyst in Standard & Poor’s Financial Services Ratings Group, chief credit officer for AIG’s Global Reinsurance Division and vice president, risk management, at AXA-Equitable Life. Strauss began his career in the insurance industry as a life actuary where he held various positions relating to product development, financial reporting, mortality studies and agency compensation at Monumental Life Insurance Company and New York Life.
Strauss earned a Bachelor of Science degree in mathematics from Johns Hopkins University. He is an Associate of the Society of Actuaries and a member of the American Academy of Actuaries. He is currently completing his requirements for the Society of Actuary’s Chartered Enterprise Risk Analyst designation.
North American Region
Tauscheck has been with Aviva for six years. Previously, he was chief risk officer for Aviva’s U.S. business. Subsequent to the acquisition of AmerUs by Aviva, Tauscheck was responsible for implementing European embedded value, market-consistent embedded value, economic capital, and risk management frameworks for the U.S. business. He has 12 years of actuarial and industry experience including roles in product development, asset liability management, capital management, valuation and reporting, mergers and acquisitions and reinsurance. He is a Fellow of the Society of Actuaries and a member of the Academy of Actuaries.
Enterprise Risk Management National Practice Leader
Taylor’s current responsibilities include leading Aon’s Enterprise Risk Management (ERM) Practice in the Americas. Taylor and her team deliver a full array of ERM consulting services ranging from governance and strategy to risk modeling and decision support frameworks that link quantitative analysis to future financial performance. Additionally, she is a member of the Aon Global Risk Consulting Americas’ Operations Board.
Prior to this role, Taylor served as a strategic account manager to a number of Aon’s global clients, providing risk advice on a broad range of issues. She has extensive experience in alternative risk financing analysis, program design and implementation, strategic assessments and insurance placements. Taylor joined Aon in 1994 to provide leadership to its U.S. captive management companies, where her clients included risk retention groups, single-parent captives and association captives. Prior to joining Aon, Taylor was managing director – client services at Industrial Indemnity Insurance Company. She joined the company in 1984 as a member of the corporate finance team. Taylor is a frequent speaker on risk issues at conferences in the United States, Bermuda and the Cayman Islands.
Taylor’s areas of expertise entail: Enterprise risk management including governance, strategy, design and implementation; complex risk financing program design, development and implementation; alternative risk transfer programs, including captives and capital market solutions; and strategic account management for large global accounts.
Taylor has a master’s degree in business administration from New York University and a Bachelor of Arts from University of Vermont. She is an Associate in Risk Management (ARM), Licensed Securities Broker (Series 7 & 63), and Member of Association of Professional Insurance Women.
L.M. Tilman & Co.
L.M. Tilman & Co. is a strategic advisory firm that serves governments, financial institutions, corporations and institutional investors worldwide. L.M. Tilman & Co. helps its clients create real and lasting economic value in finance and is headquartered in New York City. Prior to founding the firm, Tilman held senior positions with BlackRock, as well as Bear Stearns, where he was chief institutional strategist and senior managing director.
Tilman teaches finance at Columbia University—his graduate as well as undergraduate alma mater. He is the author of Financial Darwinism: Create Value or Self-Destruct in a World of Risk (Wiley, 2008), co-author of The Risk Paradigm (forthcoming from Oxford, 2009), the co-author of Risk Management (Wiley, 2000), and editor of Asset/Liability Management of Financial Institutions (Institutional Investor, 2003).
Tilman is a contributing editor of The Journal of Risk Finance and a frequent speaker at leading business schools and conferences worldwide. He serves on the advisory board of the Center on Capitalism and Society at Columbia University and on the board of directors of Atlantic Partnership. Tilman was honored by the World Economic Forum among a select group of executives, public figures and intellectuals recognized for “their professional accomplishments, commitment to society and potential to contribute to shaping the future of the world.”
Chief Financial Officer and Chief Actuary
Vega works for Prudential in Mexico and has risk management responsibilities. He has more than 15 years of experience in Mexican market.
Prior to Prudential, Vega worked for Towers Perrin Tillinghast as a senior consultant and before that as chief actuary for Principal. He has also been a professor in the Universidad Anahuac in its Actuarial Science Masters program.
Vega has an actuarial degree from Anahuac University. He is an Associate of the Society of Actuaries and a Certified Actuary by CONAC in product development, reserve valuation and audit for life, health, annuities and property and casualty.
Webster is the former chief financial officer of the U.S. Department of Labor. He has 15 years experience consulting to federal agencies on cost and performance management, strategic planning and change management.
Webster has been a leader on enterprise risk management (ERM) within the federal government and led the establishment of the Federal ERM Steering Group. This group of senior federal executives has worked to promote ERM in the federal government and sponsored the first ever Federal ERM Summit last October. Webster currently serves on the board of directors of Pentagon Federal Credit Union, the nation’s second largest federal credit union.
Webster has a Bachelor of Science in engineering, a Master of Science in systems management, and a Doctor of Philosophy in business administration. He is a frequent speaker on cost management, change management and enterprise risk management. He is also the author of two books, including his latest, Chasing Change: Building Organizational Capacity in a Turbulent Environment, published in January 2009.
AVP & Assistant Actuary
New York Life Insurance Company
Wong manages the risk exposures of New York Life’s investment portfolio. She is also involved in developing and implementing enterprise risk management initiatives across the company. She has conducted extensive research on Solvency II developments and authored an article in the Risk Management Newsletter. Prior to joining New York Life, Wong was an actuarial consultant at Ernst & Young, where she worked on projects related to life settlements, mergers and acquisitions and fair-value financial reporting. She received her bachelor’s degree in actuarial science from the University of Waterloo, Canada. She is also a FRM holder and member of the Global Association of Risk Professionals.
Maximum Consulting Group
Yanez is a professor at ITAM and is president-elect for Colegio Nacional de Actuarios.
Before joining Maximum Consulting Group, she held several management positions related to design and implementation of insurance products and data mining applied to marketing strategies for banking products.
Yanez is an actuary from the National Autonomous University of Mexico, has a Master of Science in operational research from LSE and a Doctor of Philosophy in population studies from El Colegio de México.
Yokohama has more than 20 years of experience in the Mexican market. Prior to Patria Re, he worked as chief Insurance risk officer (personal lines) for ING Mexico; manager of actuarial consulting in Ernst Young Mexico and director of insurance services in Buck Consultant (among others).
Yokohama is an actuary by The National Autonomous University of Mexico and he is also a Certified Actuary by CONAC in product development, reserves valuation and audit.
Global Investment Strategies Group (GIS)
Zemlyakova joined GIS in March 2003. Her responsibilities include advising institutional clients in continental Europe and financial institutions in the United States on various strategic investment policy issues, such as asset allocation, risk budgeting and asset-liability management. In addition, she leads the effort to develop frameworks and platforms that leverage GIS research. She has been with Goldman Sachs since August 2000, working at GS.com and later in the PWM Technology division. She received a Bachelor of Science and Master of Engineering in computer science and electrical engineering from the Massachusetts Institute of Technology.
Tianjin University of Finance and Economics
Zhao has taught courses including credit risk management, financial derivatives, investment and financial engineering. She also works for the Financial Planning Standards Council of China to promote financial planning standards education in China. She has taught seminars for the Financial Planning Standards Council of China. Her research interests include risk management, investment, financial derivatives and financial planning. During 2006, Zhao was a visiting scholar at the University of Illinois. She has a Doctor of Philosophy in finance from Tianjin University.