VIEWS: 163 PAGES: 29 POSTED ON: 6/23/2011
The Association of Insurance and Financial Analysts 36th Annual Conference February 27 through March 2, 2011 The Naples Grande Resort Naples, Florida Companies Scheduled to Attend Allied World Alterra Capital AM Best AmTrust Financial Arch Capital Aspen AXA Brown & Brown CNO Financial Delphi Endurance Fitch Flagstone Hannover Re Hartford HCC Manulife Meadowbrook Metlife Moody's NFP Partner Re Principal Financial Group StanCorp Standard & Poor's TowersWatson Tower Group Transatlantic Re Travelers Unum Validus XL The Association of Insurance and Financial Analysts Presents The 36th Annual AIFA Conference The Naples Grande Resort Naples, Florida February 28 –March 3, 2010 Officers John Hall | President Wells Fargo Securities, LLC (212) 214-8032 Matthew Heimermann | Vice President J.P. Morgan (212) 622-6545 Darin Arita | Treasurer Deutsche Bank (212) 250-7321 Keith Walsh | Secretary Citigroup (212) 816-5452 Directors Eric Berg Craig Elkind Brian Meredith Jay Cohen Barclays Capital Harbor Watch Capital UBS Securities BofA Merrill Lynch Management LLC Jay Gelb Brian Rohman Nigel Dally Michelle Giordano Barclays Capital Rebeco Investment Morgan Stanley Neuberger Berman Management Andrew Kligerman Susan Spivak Bernstein UBS Securities Alterra Capital Sunday February 27, 2011 11:00AM - 5:30PM Golf Outing – Transportation/Lunch Provided 11:00AM – 12:00PM: Check In (Golf Club) 12:00PM - Tee Time:Naples Grande Golf Club Sponsor: TRANSATLANTIC RE Coordinator: Matthew Heimermann 12:00PM -5:00PM Conference Registration (Open Time) Acacia I Foyer Weston & Associates 7:00PM Cocktail Reception and Buffet Dinner Sunset Deck Sponsors: ALTERRA CAPITAL ENDURANCE SPECIALTY FLAGSTONE RE Monday February 28, 2011 7:00AM –7:55AM Breakfast Orchid Ballroom 7:55AM – 8:00AM Welcome – Keith Walsh Royal Palm Ballroom IV & V 8:00AM –9:00AM Panel: State of the Life Insurance Industry Royal Palm Ballroom IV & V Moderators: Andrew Kligerman & Suneet Kamath AM Best – Andrew Edelsberg, VP Life/Health NFP – David J. Carroll, MST – NFP Financial PWC – Donald Doran – Partner PWC U.S. 9:00AM –10:00AM Panel: State of the P&C Insurance Industry Royal Palm Ballroom IV & V Moderators: Jay Cohen Partner Re – Costas Miranthis, CEO Alterra – Marty Becker, President & CEO Ryan Specialty Group – Pat Ryan, CEO 10:00AM – 10:15AM Break Royal Palm Foyer 10:15AM – 11:15AM Panel: Bermuda Royal Palm Ballroom III Moderator: Matt Heimermann Endurance Specialty – Michael Angelina, Chief Risk Officer & Chief Actuary Flagstone Re–Guy Swayne, Chief Underwriting Officer (International) Validius Holdings–Joseph (Jeff) Consolino, President & Chief Financial Officer Royal Palm Ballroom IV & V Panel: Group Benefits Moderators: Darin Arita & Sean Dargan Unum – Chris Jerome, SVP Underwriting and Claims StanCorp Financial – Dan McMillan, VP Ins. Services Delphi Financial Group – Larry Daurelle, CEO Reliance Standard Life Monday (cont.) February 28, 2011 11:15AM – 12:15PM Panel: Annuites Royal Palm Ballroom IV & V Moderators: Michelle Giordano & Jim Bhullar AXA – Kevin Byrne, EVP & CIO American Equity – Wendy Waugaman, CEO Royal Palm Ballroom III Panel: Insurance Brokers Moderator: Sarah Dewitt & Mark Finkestein National Financial Partners – Ed O’Malley, President, CCG Brown & Brown – Cory Walker, CFO 12:15PM – 1:45PM Lunch Orchid Ballroom 1:45PM – 2:45PM Panel: Accounting Royal Palm Ballroom IV & V Moderators: Brian Meredith & Andrew Kligerman PartnerRe – Bill Babcock, CFO FASB – Jennifer Weiner, FASB-Senior Practice Fellow GNAIE – Jerry M. de St. Paer 2:45PM – 5:30PM Company Meetings 5:30PM - 6:00PM Cocktails Orchid Foyer 6:00PM – 8:00PM Company Sponsored Dinners – Orchid Ballroom Travelers – Doreen Spadorica, EVP Claim Services & CEO, Personal Insurance. Marc Schmittlein, President and CEO, Select Accounts Royal Palm Ballroom VII & VIII Hartford – Christ Swift, CFO 8:00PM – 10:00PM Afterglow Party Palm Terrace Pool Sponsored by CNO Financial & XL Capital Tuesday March 1, 2011 7:00AM – 8:00AM Breakfast Presentation Orchid Ballroom Hannover Re – Ulrich Wallin, CEO 8:00AM - 9:00AM Panel: M&A Royal Palm Ballroom IV & V Moderators: Jay Cohen & John Hall JP Morgan – Marty Dolan JP Morgan – Eric Goldstein 9:00AM – 10:00AM Panel: Personal Lines Royal Palm Ballroom III Moderator: Alison Jacobowitz The Hanover Group – Mark Desrochers, President, Personal Lines Willis – Lyn Killeen, SVP, Willis Personal Lines Royal Palm Ballroom IV & VII Panel: Life Moderators: Nigel Dally & Ed Spehar CNO Financial – Ed Bonach, CFO MetLife – Mike Farrell, Head of US Distribution MS Life Distribution – Todd Shriber, Managing Director 10:00AM – 10:15AM Break Royal Palm Foyer 10:15AM – 11:15AM Panel: Pension Royal Palm IV & V Moderators: John Nadel & Tom Gallagher Principal Financial Group –Tim Minard, SVP of Retire- ment Distribution Manulife – Hugh McHaffie, President, John Hancock Wealth Management Tuesday (cont.) March 1, 2011 10:15AM – 11:15AM Panel: Specialty Royal Palm Ballroom III Moderator: Josh Shanker HCC Holdings – John N. Molbeck Jr. President & CEO Aspen – John Cavoores, Co-CEO of Aspen Insurance Arch – Mark D. Lyons, Chairman & CEO, Arch World- Wide Insurance Group 11:15AM – 12:15PM Panel: Commercial Lines Royal Palm Ballroom IV & V Moderators: Craig Elkind & Brian Meredith Towers Watson- Alejandra Nolibos, Senior Consultant Travelers –Marc Schmittlein, President, Select Accounts Allied World – Jack Sennott, EVP, Chief Strategy Officer Royal Palm Ballroom III Panel: Small Cap Moderators: Brian Rohman & Beth Malone Meadowbrook – Bob Cubbin, CEO Tower Group – Michael Lee, Chairman & CEO 12:15PM – 1:45PM Luncheon – Rating Agency Panel Orchid Ballroom Moderator: Arun Kumar S&P – Mark Puccia Moody’s – Rob Riegel Fitch – Julie Burke 1:45PM – 5:30PM Company Meetings 6:00PM – 8:00PM Dinner Palm Terrace Pool Wednesday March 2, 2011 7:30AM – 8:30AM Breakfast Orchid Foyer 8:30AM – 9:30AM AIFA Cup Orchid Ballroom Buy Side vs. Sell Side Stock Picking Contest 9:30AM Closing Remarks Company Meetings Monday, February 28, 2011 Company Room Name Alterra Acacia II Amtrust Cypress AXA Acacia IV CNO Acacia V Delphi Banyan I Endurance Mangrove I Flagstone Acacia I HannoverRe Acacia VII PartnerRe Banyan II Stancorp Acacia VI TransatlanticRe Mangrove II Unum Acacia III Validius Hibiscus Company Meetings Tuesday, March 1, 2011 Company Room Name Arch Capital Banyan I Aspen Banyan II AWH Acacia VII CNO Acacia V Hartford Mangrove II HCC Acacia VI Manulife Acacia IV Meadowbrook Acacia III Metlife Hibiscus Tower Group Cypress Travelers Acacia I Validius Acacia II XL Mangrove I Speaker Biographies Michael E. Angelina, Chief Risk Officer & Chief Actuary, Endurance Specialty Holdings Ltd. Michael Angelina joined Endurance as its Chief Risk Officer & Chief Actuary in June 2005. Mr. Angelina is an Associate of the Casualty Actuarial Society and a Member of the American Academy of Actuaries. Mr. Angelina graduated from Drexel University with a B.S. in Mathematics, and began his actuarial career with CIGNA in the workers compensation and actuarial research units. Mr. Angelina then joined Tillinghast in 1988 where he participated in the development of Tillinghast's excess of loss pricing system and its Global Loss Distributions initiative, as well as numerous client assignments, with a focus on mergers & acquisitions, pricing and reserving for reinsurance companies and multi-line insurers. Mr. Angelina worked for one year for Reliance Reinsurance Corp. as a Vice President and Actuary prior to returning to Tillinghast in 2000. Mr. Angelina is the co-author of Tillinghast's industry-wide asbestos actuarial study and participated in the development of the 2003 FAIR Act (proposed Federal asbestos legislation). Mr. Angelina is a member of the American Academy of Actuaries’ Committee on Property Liability Financial Reporting, Casualty Practice Council, and Chairperson of the Emerging Issues Task Force. Mr. Angelina is a frequent speaker at industry conferences covering topics such as Enterprise Risk Management, Loss Reserving, Capital Allocation, Market Conditions, and Pricing Trends. Bill Babcock, EVP and Chief Financial Officer, PartnerRe Ltd. Mr. Babcock is responsible for all aspects of the Company’s financial operations. This includes financial reporting and control, treasury and capital management, and tax as well as investor relations. Mr. Babcock also has executive management responsibility for Group I.T. (Information Technology) and is a member of PartnerRe’s Group Executive Committee. Mr. Babcock has twenty years of professional experience, both in public accounting and the reinsurance industry. Prior to joining PartnerRe in 2008 as Group Finance Director, he held the position of Chief Accounting Officer and Director of Financial Operations at Endurance Specialty Ltd. Mr. Babcock has a Bachelor of Science in Accounting from Wake Forest University. W. Marston Becker, President and Chief Executive Officer, Alterra Capital Holdings Ltd. W. Marston (Marty) Becker currently serves as President and Chief Executive Officer of Alterra Capital Holdings Limited following the merger of Max Capital Group and Harbor Point in May 2010. Marty served as Chairman and Chief Executive Officer of Max Capital Group Ltd., from October 2006 - May 2010. He has been a director of Max Capital Group Ltd., formerly known as Max Re Capital Ltd. and Max Bermuda Ltd., formerly known as Max Re Ltd. since April 2004. From 1996 to 1999, Becker was Chairman and Chief Executive Officer of Orion Capital Corporation, until its sale in 1999 to Royal & SunAlliance, where he then served as Vice Chairman and a Director of Royal & SunAlliance USA until 2000. He was President and Chief Executive Officer of an Orion Capital subsidiary from 1994 to 1996. From 2002 to 2005, he led the restructuring and wind-down of Trenwick Group Ltd, a Bermuda insurance company and from 2002 to 2008, its subsidiary, LaSalle Holdings. From 2001 to 2004, he was non-executive chairman of Hales & Company, a boutique insurance industry investment bank and private equity investor. Becker is Chairman and General Partner of West Virginia Media Holdings, which he co-founded in 2001. He is a director of Selective Insurance Group, Inc. (Nasdaq:SIGI). Becker earned his Juris Doctor and Bachelor of Science in Business Administration degrees from West Virginia University. He is a certified public accountant and is an admitted attorney in West Virginia. Edward J. Bonach EVP and chief financial officer, CNO Financial Group, Inc. Ed Bonach was appointed executive vice president and chief financial officer of CNO Financial Group (formerly Conseco), effective in May 2007. Bonach joined CNO from National Life Group, where he served as executive vice president and chief financial officer. Before joining National Life in 2002, he was with Allianz Life for 23 years, where his positions included President - Reinsurance Division and chief financial officer. Bonach holds a bachelor of arts degree (cum laude) in mathematics from St. Johns University in Collegeville, Minnesota. He is a fellow of the Society of Actuaries (FSA), a member of the American Academy of Actuaries (MAAA), and a Chartered Enterprise Risk Analyst (CERA). He is vice chair of the board of the Medical Information Bureau (MIB), a board member of the Indianapolis Chamber of Commerce, and a member of the Finance Committee of the Indiana Sports Corporation (ISC). Julie A. Burke, CPA, CFA, Managing Director Fitch Ratings Julie A. Burke is a managing director in Fitch Ratings’ North American insurance rating group. She oversees insurance ratings and analytical staff in the life, property/casualty, health, title insurance sectors, as well as insurance securitization activities. She is a member of the insurance rating committee. Julie is also a member and former chair of the accounting & consistency committee as well as the corporate finance criteria committee of Fitch’s corporate finance credit policy board. In addition, she has represented Fitch as a member of FASB’s User Advisory Council (UAC). Julie was previously the life insurance sector head for the region. She has covered the life insurance industry for Fitch and its predecessor company since 1991. She is a frequent speaker at insurance industry events and a contributor to various insurance publications. Julie was a senior vice president and head of insurance analysis and research at Duff Credit Rating’s (DCR), which she joined in 1991 as an assistant vice president. Before joining DCR, Julie was a high-yield credit analyst with the Duff & Phelps Investment Research Co. for five years. Prior to that, Julie was with American National Bank & Trustee Co. of Chicago, a then- subsidiary of First Chicago (now JP Morgan-Chase). Julie received her BS in finance from Northern Illinois University and an MBA in accounting and international business from Northwestern University’s Kellogg Graduate School of Management. She is a member of the CFA Institute, the CFA Society of Chicago, and the Illinois CPA Society. Julie is a certified public accountant and holds the Chartered Financial Analyst designation. Kevin R. Byrne, AXA Equitable Life Insurance Company Kevin R. Byrne is executive vice president of AXA Equitable Life Insurance Company and member of its Executive Management Committee. He serves as chief investment officer and treasurer of AXA Equitable and its subsidiaries. Mr. Byrne is responsible for the strategy and oversight of the investment portfolios of AXA Financial and its insurance subsidiaries. In addition, he is responsible for the company’s treasury functions and corporate finance. In addition, he also provides oversight of the U.S. investor relations activity of AXA Financial’s parent organization, the global AXA Group. Other responsibilities include management of various reinsurance and special purpose insurance subsidiaries, including AXA Corporate Solutions Life Re, Equitable Casualty Insurance Company and AXA Financial (Bermuda). Mr. Byrne joined AXA Financial in 1989. He became treasurer in 1995, a senior vice president in 1997 and chief investment officer in 2004. Mr. Byrne holds an MBA from New York University and a BS from Fordham University. David J. Carroll Chief Executive Officer, NFP’s Financial Architects Partners Mr. Carroll, CEO of NFP’s Financial Architects Partners, specializes in wealth transfer life insurance and the design, implementation, and monitoring of large life insurance portfolios. His clients are senior executives and shareholders of private and publicly held companies, prominent families with inherited wealth, and several are Forbes 400 families. Mr. Carroll has over 15 years of experience specializing in advising high net worth families in the area of estate planning and generational wealth transfer strategies. Before joining NFP’s Financial Architects Partners, he was with another national firm working with ultra affluent clients and their advisors. He began his career at John Hancock Life Insurance Company where he spent more than 10 years focused on investments, systems, and life distribution. Mr. Carroll earned an undergraduate degree from Harvard University and a Masters of Science in Taxation from Northeastern University’s Graduate School of Professional Accounting. Mr. Carroll is a member of the Boston Estate Planning Council and has served on the Council’s Speakers Bureau. He has been a national conference presenter for both NFP and the M Financial Group and on a variety of industry related topics. Additionally, he has been a speaker at the Boston Bar Association Brown Bag lunch series and Boston University Law School’s Taxation Program. He is also the current Chairman of the Board for the West Suburban YMCA in Newton, Massachusetts. Mr. Carroll resides with his wife and four children in Newton, Massachusetts. John Cavoores, Co-Chief Executive Officer, Aspen Insurance Mr. Cavoores has been a Director of Aspen Insurance Holdings since October 30, 2006 and beginning October 2010, he joined the Company full-time as Co-Chief Executive Officer of Aspen's insurance operations. He shares that responsibility with Mr. Rupert Villers. Since 2006, he was a senior advisor to Blackstone's Private Equity Group on insurance related portfolio investments. He currently serves as a Director of Alliant Insurance Holdings, a Blackstone portfolio company. Mr. Cavoores has nearly 30 years of experience in the insurance industry and prior to serving on Aspen's Board of Directors, he was a Managing Director of White Mountains Insurance Groups and President and Chief Executive Officer of its subsidiary company, OneBeacon Insurance Company. Among his other positions, Mr. Cavoores was President and Chief Operating Officer of National Union Insurance Company, a subsidiary of American International Group (AIG). He spent 19 years at Chubb Insurance Group, where he served as Executive Vice President and Co-Chief Underwriting Officer of Chubb's Specialty business as well as Chairman of Chubb Europe and Managing Director of Chubb's non-US Insurance Operations, based in London. Joseph (Jeff) E. Consolino, President & Chief Financial Officer, Validius Holdings Joseph E. (Jeff) Consolino has been executive vice president and chief financial officer of Validus Holdings, Ltd. since March 2006. Mr. Consolino has over 17 years of experience in the financial services industry, specifically in providing investment banking services to the insurance industry, and most recently served as a managing director in Merrill Lynch’s Financial Institutions Group specializing in insurance company advisory and financing transactions. He serves as a Director of National Interstate Corporation, a property and casualty company based in Ohio and of AmWINS Group, Inc., a wholesale insurance broker based in North Carolina. Robert S. Cubbin, President and Chief Executive Officer, Meadowbrook Mr. Cubbin also serves as a member of the Board of Directors. Prior to this appointment, Mr. Cubbin held the positions of Chief Operating Officer, Executive Vice President, Senior Vice President, and General Counsel for Meadowbrook Insurance Group and its operating subsidiaries: Star Insurance Company, Savers Property & Casualty Insurance Company, and American Indemnity Insurance Company. In 1995, Mr. Cubbin was instrumental in the successful completion of an initial public offering that resulted in Meadowbrook being listed on the New York Stock Exchange (NYSE: MIG). In 2002, Mr. Cubbin led a secondary public offering which raised an additional $66 million in equity for the Company. Mr. Cubbin has extensive experience in the formation and operation of stock and mutual insurance companies, onshore and offshore captive insurance companies, self-insurance funds, and public entity pools. He is a frequent speaker at industry forums on the Alternative Risk market, captives, rent-a-captives, and specialty program business. He joined Meadowbrook Insurance Group after practicing law at the Detroit, Michigan offices of Plunkett & Cooney, with a focus on insurance and reinsurance issues, professional liability claims, municipal liability, and products liability. He is a graduate of Wayne State University and holds a law degree from the Detroit College of Law. He is a licensed attorney in the State of Michigan. Laurence E. Daurelle, President and CEO Reliance Standard Life Insurance Company Lawrence E. Daurelle is President and Chief Executive Officer of Reliance Standard Life Insurance Company, Delphi’s subsidiary that provides group life, disability, travel accident and dental insurance. Mr. Daurelle also oversees Matrix Absence Management, Inc., Delphi’s subsidiary that provides absence management services. Mr. Daurelle joined Reliance Standard Life in 1995 as Vice President and Treasurer, and was named to his current position in 2000. Prior to joining Reliance Standard Life, Mr. Daurelle was Senior Vice President and Chief Financial Officer for Mutual Assurance Company. Previously, he was Senior Vice President of Strategic Planning for the Fidelity Mutual Life Insurance Company and a Vice President of United Pacific Life Insurance Company. Mr. Daurelle is a graduate of The Pennsylvania State University (B.S., accounting) and Drexel University (M.S., taxation). Mark Desrochers, FCAS, MAAA, President, Personal Lines, Hanover Insurance Group Mark has been President for the Peronal Lines division for Hanover since 2009. From 2006 to 2009, Mark was Vice President of State Management and Product Management for Hanover Personal Lines. Prior to joining the Hanover in 2009, Mark was employed by Liberty Mutual Personal Markets where he was Vice President and Auto Product Manager. From 1997 to 2003, he was Pricing and Profitability Manager for Electric Insurance Company and he was a Senior Associate with Applied Insurance Research from 1995 to 1997. Mark is a Fellow of the Casualty Actuarial Society and a Member of the American Academy of Actuaries. Marty Dolan, JP Morgan Securities Martin Dolan is the Head of the North American Insurance Investment Banking Group at JPMorgan Securities in New York. Prior to joining JPMorgan, he was a Managing Director in the Global Insurance Group at Morgan Stanley, and the head of the European Insurance Investment Banking Group at Lehman Brothers. Mr. Dolan has lead the IPOs and restructurings of many of the insurance industry’s leading companies during his 20 years covering the insurance industry. Mr. Dolan has an MBA from Harvard Business School. Donald A. Doran, National Professional Services Group Donald is a partner in the National Professional Services Group. Donald is the Financial Services and Financial Instruments team leader on the Group. Donald has been an engagement partner in the Insurance industry group since 1993. He was the chairman of AICPA Insurance Expert Panel until this year and currently the US Firm’s representative on the PwC global insurance technical panel. This panel is responsible for following and influencing the standard setters in matters that effect insurance companies as well as for the consistent application of IFRS around the world. Donald was on the AICPA task force for accounting for non-traditional annuity and life insurance contracts. Donald has extensive experience in both public and non- public insurance companies in the life and property and casualty industries. Andrew Edelsberg, CPA, ALMI, Vice President, A.M. Best Company Andrew Edelsberg is a Vice President in the Life/Health Ratings Division of the A.M. Best Company, an independent global full-service credit rating organization dedicated to serving the financial services industries, focusing on the insurance sector. Founded in 1899, A.M. Best is the world’s oldest and most authoritative insurance rating and information source. Andrew manages an analytical team that provides rating coverage for a diverse group of domestic life/health insurers. His team’s portfolio includes both mutual and stock life/health companies, including major writers of individual life and annuity, group life and annuity, disability income, credit life, dental, long-term care, supplemental health and related financial services products. A.M. Best’s population of rated companies covers the entire U.S. life insurance industry, and a majority of the top health insurance organizations. Additionally, Andrew and his team specializes in analyzing and assigning ratings to debt securities issued by domestic insurance companies as well as multinational financial services and reinsurance firms. He authors and oversees the writing of research articulating A.M. Best’s credit opinion of life insurers as well as the rating agency’s position on industry issues. He provides analytical insight to issuers and the buy side through presentations and teleconferences, and advises his peers on technical issues with regard to debt. Finally, Andrew’s team is responsible for maintaining the Life/Health division’s risk- based capital (BCAR) and liquidity models. Prior to joining A.M. Best in December 1999, Andrew was an Associate Analyst in the Life Insurance Group at Moody’s Investors Service. At Moody’s, Andrew co-authored research on key industry issues and was part of analytical teams following medium to large-sized U.S. and Canadian life/health companies. Previously, he was employed as an actuarial analyst at Penn Mutual Life Insurance Company and worked on insurance company audits (mostly of life insurers) while at the public accounting firm of Coopers & Lybrand. Andrew received his undergraduate degree from the University of Pennsylvania’s Wharton School of Business with concentrations in actuarial science and accounting. He is a Certified Public Accountant, an Associate of LOMA’s Life Management Institute, and has passed the Level I exam of the AIMR Chartered Financial Analyst (CFA) Program. Michael K. Farrell, Executive Vice President, U.S. Distribution MetLife Michael K. Farrell is executive vice president for U.S. Distribution, MetLife’s sales organization that provides products and services to millions of individuals and more than 60,000 employers across the U.S, including over 90 of the top one hundred FORTUNE 500® companies. The division provides employee benefit and retirement solutions, insurance and other financial services through MetLife’s Employee Benefits Sales, Individual Distribution and third party distribution (through MetLife Investors) channels. He also oversees the sales support functions and a team focused on the operations, sales and investment product management for MetLife’s four broker-dealers (MetLife Securities, New England Securities, Tower Square Securities and Walnut Street Securities). Before assuming his current position in August 2009, Farrell was in charge of all aspects of MetLife’s market-leading annuity business, including sales, marketing, annuity product development and pricing, fund investment platforms, customer experience and retirement strategy. Growth in annuity sales rose steadily under Farrell’s watch. MetLife continues to be the number one annuity provider in 2009 according to LIMRA, and offers a broad array of variable, fixed and immediate annuities. Prior to this role, Farrell was responsible for third party distribution, overseeing the company’s dramatic growth in wirehouse, banks, planner, regional broker-dealers and brokerage organizations. During this time, he established MetLife as a leader in third party annuity, life and long-term care sales. That growth was due, in part, to the seamless integration of Travelers Life & Annuity and CitiStreet Associates into MetLife in 2005. Farrell played an integral role in the leadership team of that transaction and integration. Farrell has more than 35 years of experience in the financial services industry. Prior to joining MetLife in May 2001, he was president of Michael K. Farrell Associates, Inc. Founded in 1990, the firm specialized in corporate qualified retirement plans and retirement plans for not-for-profit organizations. At the time of its sale to ING in 2001, the firm had over 1,500 clients. Over the span of his career, Farrell has held the positions of president, Mutual Benefit Pension Corporation, and senior vice president, Mutual Benefit Life Insurance Company. He served as national sales director for ReliaStar Retirement Plans, and as a member of the ReliaStar Enterprise Council. Farrell is active in community affairs and serves as a board member of the Boys and Girls Club Life Camp. He is a graduate of Fairleigh Dickinson University. Eric S. Goldstein, JP Morgan Mr. Goldstein serves as a Managing Director and Head of JPMorgan’s Insurance Mergers and Acquisitions practice. Mr. Goldstein joined JPMorgan’s Insurance Investment Banking Group in 1998 and has led a broad range of advisory and capital raising assignments for insurance clients, including most recently: AIG’s $4.8bn sale of Star/Edison to Prudential Financial, the $350 million sale of Old Mutual’s US Life business to Harbinger, Ameriprise’s $1.0 billion acquisition of Columbia Asset Management, IPC Re's $1.7 billion merger with Validus, AIG's sale of its Canadian life insurer to the Bank of Montreal, The Blackstone Group’s $1.7 billion acquisition of UICI, JPMorgan’s $1.2 billion sale of Chase Life to Protective, Bristol West’s $812 million sale to Zurich Financial Services and James River’s $575 million sale to D.E. Shaw. Prior to joining JPMorgan, Mr. Goldstein was a consultant with McKinsey & Co. in the firm’s Financial Institutions Practice. While at McKinsey, Mr. Goldstein advised insurance and reinsurance companies on both strategic and operational issues. Mr. Goldstein received his JD degree from Yale Law School and his undergraduate degree from Harvard University. Christopher J. Jerome, Senior Vice President, Unum US Risk Operations Christopher Jerome is Senior Vice President of Unum Risk Operations. As the head of Risk Operations, he oversees claims management activities for Unum’s US Operations including Long Term Disability, Long Term Care, Short Term Disability, Life, and Voluntary Benefits. Unum US pays over $6 billion in claims annually. The Risk Operations Organization also includes Unum’s Individual Disability and Long Term Care strategic business units and National Client Group strategic business unit. These business units have growth, profit and service responsibilities for our Individual Disability customers, Long Term Care customers, and Large Case Group customers respectively. Mr. Jerome began his career at Unum in 1983 as a Long Term Disability Underwriter. He has held various Underwriting, Training, Product, Market Segmentation, Data Management and Underwriting Management positions with the company. He assumed his current role in July of 2010 after having served as Senior Vice President of Underwriting and Service Operation. Mr. Jerome is a CEBS (Certified Employee Benefits Specialist). He received his Bachelor of Arts degree in Economics and Mathematics from Bowdoin College. Lynn Killeen, Senior Vice President, Willis Personal Lines Lynn Kileen is a Senior Vice President with Willis Personal Lines, Inc, a division of Willis of North America. She serves as the Southeast Region Leader, for WPL. She joined the Firm in March of 2006 bringing over 20 years of experience in the insurance industry, all in personal insurance. She is charged with aggressively expanding Willis’ Private Client business in Maryland, the District of Columbia, Virginia, North and South Carolina, Georgia, Florida, Alabama and Tennessee and will be driving the Willis client-centric, value-focused model to the personal lines sector in this region. Before joining Willis, Lynn was a Vice President at Marsh for many years and held various senior leadership positions, including running the St. Louis Private Client Services office and the Washington, D.C. Private Client Services office. Lynn has contributed to the development of new services and personal insurance solutions for affluent individuals and is focused on the needs of multi-generation wealthy families. She is called upon by many Wealth Management and Estate Planning Specialists to advise their clients as to proper Personal Risk Management of their personal assets. Lynn resides in Maryland with her family. She received an Associate of Arts degree from Villa Julie College and a Bachelor of Arts Degree from Davenport University. She holds a Maryland Resident Property and Casualty Insurance License and Non-Resident licenses in 42 other states. She holds a CIC (Certified Insurance Counselor) designation. Michael H. Lee, Chairman of the Board, President and Chief Executive Officer, Tower Group Mr. Lee currently serves as Chairman of the Board of Directors, President and Chief Executive Officer and has held these positions at the Company since its formation in 1995 and at its subsidiaries since their formation. Before founding the Company’s first insurance subsidiary, Tower Insurance Company of New York, in 1990, Mr. Lee was an attorney in private practice specializing in advising entrepreneurs on the acquisition, sale and formation of businesses in various industries. Mr. Lee received a B.A. in Economics from Rutgers University in 1980 and a J.D. from Boston College Law School in 1983. He is admitted to practice law in New York and New Jersey. Mr. Lee has worked in the insurance industry for over 20 years with experience in insurance, finance, underwriting, sales and marketing, claims management and administration and law. Mr. Lee also served as Chairman, President and Chief Executive Officer of CastlePoint Holdings, Ltd. from its formation in 2006 until its merger into the Company in February 2009. Mark D. Lyons, Arch Worldwide Insurance Group Mark D. Lyons has served as Chairman and Chief Executive Officer of Arch Worldwide Insurance Group, an executive position of Arch Capital Group Ltd. (the "Company" or "ACGL"), and Chairman and Chief Executive Officer of Arch Insurance Group Inc. ("Arch Insurance Group") since July 2008. Prior thereto, he served as President and Chief Operating Officer of Arch Insurance Group from June 2006. Prior to June 2006, he served as Executive Vice President of group operations and Chief Actuary of Arch Insurance Group from August 2003. From August 2002 to 2003, he was Senior Vice President of group operations and Chief Actuary of Arch Insurance Group. From 2001 until August 2002, Mr. Lyons worked as an Independent Consultant. From 1992 to 2001, Mr. Lyons was Executive Vice President of product services at Zurich U.S. From 1987 until 1992, he was a Vice President and Actuary at Berkshire Hathaway Insurance Group. Mr. Lyons holds a B.S. degree from Elizabethtown College. He is also an Associate of the Casualty Actuarial Society and a Member of the American Academy of Actuaries. Mr. Lyons is on the Board of Overseers of the St. John's School of Risk Management & Insurance and is a Trustee of Elizabethtown College. Hugh McHaffie, President, John Hancock Wealth Management, for John Hancock Financial Services Hugh McHaffie is President, John Hancock Wealth Management, for John Hancock Financial Services, the U.S. division of Toronto-based Manulife Financial Corporation. John Hancock Wealth Management manufactures and distributes financial solutions in the U.S., including variable annuities, mutual funds, fixed products, defined contribution retirement plans, and rollover programs. McHaffie also oversees the John Hancock Investment Management Services, which selects and monitors third party asset managers who manage the underlying investment platforms for John Hancock’s variable annuity, 401k and mutual fund products. He is President of the John Hancock Trust and John Hancock Funds II mutual funds. McHaffie is also a member of the management committee of Manulife Financial and serves on the boards of a number of John Hancock Financial Services companies. Before taking on his current role in 2007, McHaffie was Senior Vice President, John Hancock Variable Annuities, a position he assumed in May 2006. This represented a return to Manulife, where he held the position of Vice President, Annuity Product Management, from 1990 through 1999. Before rejoining the company, McHaffie was Senior Vice President, Individual Business Product Management for MetLife. He was responsible for product management of all Individual Life Insurance and Annuity products distributed by MetLife’s multiple distribution channels. He also served as chairman of the Metropolitan Series Fund and president of MetLife Advisors. From 1990 through 1999, McHaffie was responsible for the development of North American Security Life’s variable annuities distributed though Wood Logan Associates. North American Security Life was a subsidiary of North American Life, a company that merged with Manulife in 1996 and formed the base of the current John Hancock variable annuity business. McHaffie graduated from the University of Toronto with a B.A. in Economics. He is a Fellow of the Society of Actuaries and a Member of the American Academy of Actuaries. Dan McMillan, Vice President, Insurance Services Group, Standard Insurance Company Dan McMillan has been Vice President, Insurance Services Group of Standard since October 2008. Mr. McMillan co-leads the Insurance Services segment and is responsible for all claims services, customer support, premium administration, producer services, shared services, and the enterprise contact center. Mr. McMillan has been with Standard since July 1989 and has held a number of positions in the Insurance Services segment. McMillan is a graduate of Linfield College, earning a Bachelor of Arts degree in English and a minor in Mathematics. He holds an Associate Life & Health Claims designation from the International Claim Association. McMillan currently serves as Vice President of Oregon Partnership and was a prior board member of the Portland Children’s Museum. Tim Minard, Principal Financial Group Tim Minard was named senior vice president - Retirement Distribution, responsible for all aspects of retirement distribution and sales within the U.S. Minard joined the company in 1986 as a sales representative in Detroit, Mich. He was promoted to regional vice president in 1994 and was named vice president - National Sales Director of Retirement Services in 1999. A native of Cedar Rapids, Iowa, Minard earned his bachelor's degree in business administration from the University of Iowa. Costas Miranthis President and CEO, PartnerRe Ltd. As President and Chief Executive Officer of PartnerRe Ltd., Costas Miranthis is responsible for the strategic direction and management of the Company. He is also a Director of PartnerRe. Prior to his appointment to President and Chief Executive Officer in January 2011, Costas Miranthis was President and Chief Operating Officer, PartnerRe Ltd. from May 2010, and was Deputy CEO, PartnerRe Global from July 2007 and subsequently named CEO, PartnerRe Global in May 2008, responsible for the executive management of the Company’s Life operations and all non- Life reinsurance operations outside the U.S. Costas joined the Company in 2002 as Chief Actuary with responsibility for PartnerRe’s Actuarial and IT functions. Prior to joining PartnerRe, Costas spent 16 years with Tillinghast – Towers Perrin in London U.K., most recently as Principal. His responsibilities included managing the European Non Life Practice and the Mergers and Acquisitions European Practice. He was also a member of Tillinghast Worldwide Non-Life Management Committee. Mr. Miranthis holds a MA in Economics from Christ’s College, Cambridge University, U.K. He is a Fellow of the Institute of Actuaries and a Member of the American Academy of Actuaries. John Molbeck, President and CEO, HCC Insurance Holdings, Inc. Mr. Molbeck started his insurance career with J. H. Blades & Co., Inc. in 1976 and served in various capacities including Chief Executive Officer. He joined Energy Insurance International (“EII”) in 1984 as President and remained President until EII was acquired by AON in 1994. He remained with AON until joining HCC as President. Molbeck served in that capacity and as a member of the Board until 2003. In 2003 Mr. Molbeck started a retail broker, Capital Risk, which he sold to Jardine Lloyd Thompson (“JLT”). He held the position of Chief Executive of JLT until 2005. Molbeck rejoined the Board of HCC in 2005 and returned in 2006 as President. In 2009, Molbeck was appointed President and Chief Executive Officer of HCC. Molbeck has served on a number of Professional and Private Boards during his career. He grew up in New York City and Houston. He received his Bachelor of Science from the University of Houston and MBA from Pepperdine University. He is a Certified Public Accountant and Fellow of the Life Management Institute. Alejandra Nolibos, FCAS, MAAA, Senior Consultant, Towers Watson Alejandra’s particular area of expertise is commercial and specialty insurance, with focus on workers compensation. Her consulting experience includes financial modelling of property/casualty insurance companies and industry pools, pricing, conducting loss reserve studies, analyzing company strategies, evaluating risk-based capital and economic capital requirements and evaluating alternative capital structures. Since joining Towers Watson in 1998, Alejandra has worked on and led complex projects involving U.S., Latin American and European clients. She has helped a diverse array of clients, including mutual and stock property/casualty insurance carriers, state funds, quasi-governmental organizations, ratemaking bureaus, trade organizations and self-insured employers. Alejandra leads Towers Watson’s Commercial Lines Insurance Pricing Survey, which has been tracking pricing changes and profitability of the U.S. commercial insurance market since the summer of 2005. As a member of the Towers Watson professional standards team for financial reporting, Alejandra serves as a firm-wide resource and provides up-to-date guidance to Towers Watson actuaries signing statements of actuarial opinion for property/casualty insurance companies, captives and self-insured entities. Alejandra is the leader of Tower Watson’s Latin America Property and Casualty Practice. Alejandra holds a bachelor’s degree in mathematics from the University of Buenos Aires, is a Fellow of the Casualty Actuarial Society (FCAS) and a Member of the American Academy of Actuaries (MAAA). Alejandra co-authored the paper “Estimating ULAE Liabilities: Rediscovering and Expanding Kittel's Approach,” presented during the 2003 Casualty Loss Reserve Seminar, for which she received the James C. H. Anderson Award for Professional Excellence. She has spoken at actuarial seminars and other insurance industry meetings and is a contributor to articles for the trade press. She is president-elect of Casualty Actuaries of the Southeast, a regional affiliate of the CAS and a member of the Latin America Regional Committee of the Casualty Actuarial Society. Edward G. O’Malley, President, NFP Corporate Client Group and Senior Vice President of NFP Mr. O’Malley joined NFP in February 2002 and has served as President, NFP Corporate Client Group and Senior Vice President of NFP since September 2009. From January 2004 to September 2009, Mr. O’Malley served as Senior Vice President of NFP Benefits, an operating division of NFP Insurance Services, Inc. (NFPISI). Previously, he served as Director of Benefits Distribution at NFPISI. Prior to joining NFP, Mr. O’Malley was Vice President of Sales and Business Development for V-Simplify, a web-based employee benefits administrator. Mr. O’Malley received his B.A. from the University of Cincinnati. Mark Puccia, S&P Managing Director, Mark Puccia is a managing director in Financial Services. As Chief Criteria Officer of Insurance Ratings worldwide, Mark is responsible for establishing insurance rating criteria and overseeing ratings quality for property\casualty insurance, reinsurance, life\health insurance, and various international insurance company ratings. He established Standard & Poor’s initial ratings of life/health insurers and property/casualty insurers in the United Kingdom, Japan, Canada, Australia and New Zealand. In addition to his insurance responsibilities, Mark is a member of Standard & Poor’s Analytic Policy Board, which oversees criteria for all of Ratings Services. Mark is also the chief criteria officer for the Funds Ratings Group. In this capacity, Mark will be overseeing criteria development for money market funds, bond funds and government investment pools. Mark’s prior work experience includes several years with Chase Manhattan Bank’s insurance lending group arranging multi-million dollar credit facilities for several large insurers. He arranged the first foreign financing for the country’s largest stock-owned diversified financial services institution. He previously served as a senior management analyst with Connecticut General Corp.’s group pension operations. Mark holds a B.A. in economics from Cornell University and an M.B.A. from the Wharton Graduate School of Business Administration at the University of Pennsylvania. Robert Riegel, Moody’s Robert Riegel is a Managing Director in the Financial Institutions Group of Moody's Investors Service, the global rating agency. Mr. Riegel has responsibility for Moody’s life and non-life insurance ratings and research in the Americas. Prior to joining Moody's in 1988, Mr. Riegel worked as an actuary for 5 years at Home Life Insurance Company in various departments. Mr. Riegel received a B.S. degree in Chemical Engineering from the University of Pennsylvania in 1982. He received a M.B.A. degree in Finance from New York University's Graduate School of Business Administration in 1991. Mr. Riegel is an Associate of the Society of Actuaries and a Member of the American Academy of Actuaries. Patrick G. Ryan, Founder, Executive Chairman & CEO, Ryan Specialty Group, LLC A widely respected global insurance leader, Mr. Patrick Ryan formed Ryan Specialty Group, LLC (RSG) in 2010. RSG is an international holding company specializing in wholesale brokerage, MGU/MGA underwriting management and other specialty services to agents, brokers and carriers. Today, RSG companies include RT Specialty, LLC - the wholesale brokerage arm, and several MGU/MGA underwriting facilities which currently include ThinkRisk, CivicRisk, SafeHarbor and Technical Risk Underwriters (TRU). Prior to launching RSG, Mr. Ryan was the founder, retired chairman and CEO of Aon Corporation - one of the world's largest insurance and reinsurance brokers. As an entrepreneur, he founded the company, which traces its origins to a small insurance agency organized in 1964. When he retired, the company had more than 500 offices in 120 countries, generating revenues then in excess of $7 billion. Mr. Ryan has received a number of accolades throughout his extensive career. In 2009 he was awarded a Doctor of Humane Letters degree from his alma mater, Northwestern University. He served as a member and former chairman of the Board of Trustees of Northwestern University. Both major athletic facilities - the Welsh-Ryan Arena and Ryan Field - are named after him. In 2008, Mr. Ryan was elected to the American Academy of Arts & Sciences, one of the nation's oldest and most prestigious honorary societies and independent research centers. Also in 2008, he was elected to the International Insurance Society Hall of Fame and received the Ernst and Young Entrepreneur of the Year Lifetime Achievement Award. Select career tributes include: Insurance Leader of the Year by the College of Insurance; the Insurance Federation of New York's Free Enterprise Award. Marc E. Schmittlein, President and Chief Executive Officer Select Accounts Marc E. Schmittlein is president and chief executive officer of Travelers Small Commercial Division, Select Accounts, and oversees Agribusiness, a business unit that offers insurance products and services for farms, ranches, wineries and large commercial growers of agricultural products. He is responsible for determining strategic direction, underwriting appetite, product development, marketing strategies and product management for Select Accounts and Agribusiness. Mr. Schmittlein joined The St. Paul in December 2001, prior to The St. Paul’s merger with Travelers Property Casualty Corp. While at the St Paul Companies he was President of their Small Commercial operation. From 1996 to 2001, he served as a field vice president of the Mid-Atlantic region for Travelers, based in Hartford, Conn. Prior to that, he held various field assignments in underwriting and marketing management for Aetna Life & Casualty Company. Mr. Schmittlein is active in professional insurance organizations. He is a member of the American Alliance of Insurers (AIA), and holds a Chartered Property Casualty Underwriter (CPCU) designation. Mr. Schmittlein is also an active board member of the Connecticut/ Massachusetts Juvenile Diabetes Research Foundation. Mr. Schmittlein earned his bachelor’s degree in English from Allegheny College. He and his wife, Denise, have three children and reside in Avon, Conn. John L. Sennott, Jr., Executive Vice President and Chief Corporate Strategy Officer Allied World Jack is responsible for all of Allied World’s investor relations, rating agency relations, merger and acquisition activity and corporate strategic initiatives. Previously Jack was Allied World’s North American Chief Operating Officer and was one of the founding members and Directors of Darwin Professional Underwriters, where he served as Executive Vice President and Chief Financial Officer until its acquisition by Allied World. Prior to joining Darwin, Jack served as Principal of Beacon Advisors, Controller of Executive Risk, Controller of ManagedComp, Inc., and Assistant Controller with the Trust Group. He began his career with Coopers & Lybrand as Manager in their Business Assurance group. Donald A. Sherman, Delphi Financial Group, Inc. Donald A. Sherman is President and Chief Operating Officer, and a Director of Delphi Financial Group, Inc. Mr. Sherman has served as a Director of Delphi Financial since 2002 and became President and Chief Operating Officer in April 2006. He previously served as Chairman and Chief Executive Officer of Waterfield Mortgage Company, Inc. since 1999 and as President of Waterfield from 1989 to 1999. Under Mr. Sherman's leadership, Waterfield, a Ft. Wayne, Indiana-based financial institution, grew to become the largest private bank in Indiana and the largest private mortgage origination and servicing businesses in the U.S. Prior to his service at Waterfield, Mr. Sherman served as President of Hyponex Corporation and was previously a partner in the public accounting firm of Coopers and Lybrand. Todd D. Shriber, Morgan Stanley Smith Barney Todd Shriber is a Managing Director and business head for the Insurance business at Morgan Stanley Smith Barney. In his role, Todd leads a team of over 100 product, sales and operations professionals who support the life insurance and health & welfare businesses at Morgan Stanley Smith Barney. Todd joined Smith Barney in 2002 as the Global Business Head for Smith Barney Global Stock Plan Services. In that role, Todd led a team of over 250 people delivering equity compensation administration and brokerage services to 700 corporate clients with more than 4 million participants around the world. Prior to Smith Barney, he spent five years as part of the PricewaterhouseCoopers Strategy Consulting practice in Chicago, where he worked with a variety of Fortune 100 companies. Todd holds an MBA from the University of Chicago, a BA from Harvard College, and earned the Chartered Financial Analyst (CFA) designation. Doreen Spadorcia, Travelers Doreen Spadorcia is executive vice president of Claim and chief executive officer of Personal Insurance for Travelers. She was named chief executive officer of Personal Insurance in July 2009 and was appointed to lead the company’s claim organization and to serve on the Management Committee in 2005. From 2002 to 2005, Ms. Spadorcia served as president and chief executive officer of the Bond division responsible for the largest surety and fidelity operation in the United States property casualty industry. Prior to that, she managed the Bond Claim operation and served as general counsel for the unit, responsible for legal, regulatory and compliance matters, from 1994 to 2002. Ms. Spadorcia began her career with the company as an attorney in the Claim Department in 1986, following two years with the law firm of Carlton, Fields, Ward, Emmanuel, Smith & Cutler. She is admitted to practice law in the states of Florida and Connecticut. Ms. Spadorcia received a bachelor’s degree from Eastern Michigan University. She graduated from Florida State University with a J.D. (Order of the Coif) and a master’s degree in International Relations. Ms. Spadorcia also received her CPCU designation in 1991. Active in the community, Ms. Spadorcia served as vice chair of the Major Corporate Division of the United Way of the Capital Area’s 2008 Community Campaign and was the corporate chair of the in-house employee United Way campaign in 2007 and 2008. Ms. Spadorcia is Travelers’ executive champion for Dwight Elementary School, leading the company’s commitment to provide leadership and skill development, financial support, volunteers and in-kind services to its partner school and served on the education-focused board of Achieve Hartford!. She also serves on the board of directors of the Travelers Foundation and KickStart International, Inc. Jerry M. de St. Paer, Executive Chairman, Group of North American Insurance Enterprises (GNAIE) Insurance Accounting Standards -- Mr. de St. Paer is Executive Chairman of the Group of North American Insurance Enterprises (GNAIE), the association of North American insurers representing the industry’s perspective in the development of international insurance accounting and solvency standards. .gnaie.net He serves in advisory roles to the IASB and FASB: Financial Accounting Standards Advisory Council of FASB. .fasb.org/fasac/ IFRS Advisory Council of IASB. .iasb.org/About+Us/About+the+SAC/About+the+SAC.htm Insurance Working Group of IASB. He is also Special Advisor to The Geneva Association, the leading international insurance “think tank” for strategically important insurance and risk management issues. .genevaassociation.org Board of Directors -- Mr. de St. Paer holds the Master Certificate from the National Association of Corporate Directors (NACD). He is currently a member of Board of Directors, SCOR Global Life Reinsurance (Americas) and SCOR Reinsurance (Americas). He is a member of both audit committees and chair of the life reinsurance audit committee. (since 2010) Board of Directors, Emerging Managers Group, a specialty asset management firm focused on emerging markets. .emergingmanagersgroup.com (since 2008) Board of Directors, The Ronald McDonald House of New York (since 1992) Board of Directors (Chairman and CEO), Bermuda Wellness Foundation, a charitable foundation supporting the new hospital and other wellness initiatives in Bermuda (since 2007) AICPA – Member of the planning committee and panel moderator for the AICPA Annual Audit Committee Forum. (since 2009) The Advisory Council of The Johns Hopkins University’s Paul H. Nitze School of Advanced International Studies (SAIS) (since 1992) Management/Professional -- Currently, Mr. de St. Paer is Executive Chairman of GNAIE. He was Vice Chair from 2003 to 2007. He is also a Senior Advisory Partner at Grail Partners LLC, a merchant bank specializing in the investment management industry and related businesses. .grailpartners.com From 2007 to April 2008, Mr. de St. Paer was Senior Vice President, Finance of AIG reporting independently to the Audit Committee on control and transformation initiatives. He was Executive Vice President and CFO of XL Capital Ltd in Bermuda from 2001 to 2007, from 9/11 through the aftermath of the 2005 hurricanes, leaving the company in a strong financial position. Prior to that, he was a Managing Director of JP Morgan and Hudson International in insurance investment banking from 1996 to 2001. From 1992 through 1996, Mr. de St. Paer served under CEO Dick Jenrette as Senior Executive Vice President & CFO of The Equitable Companies (NYSE). Simultaneously, he was Executive Vice President of French insurer AXA under CEO Claude Bebear, responsible for global strategic studies and corporate development from 1993 to 1996. Mr. de St. Paer joined The Equitable in 1986 as CFO of Equitable Investment Management Corporation. He was elected Senior Vice President and Treasurer of Equitable Life in 1990, and in 1991 Executive Vice President and head of Corporate Development. Mr. de St. Paer managed the demutualization of The Equitable, including the investment in The Equitable by AXA and Equitable’s NYSE listing. Mr. de St. Paer began his career from 1966 to 1973 in the Treasurer’s Department of The Standard Oil Company (New Jersey), now EXXONMobil. Between 1973 and 1986, he was CFO of several publicly-listed and privately-owned corporations. Guy Swayne, Chief Underwriting Officer – International, Flagstone Re Mr. Swayne has extensive experience in the industry worldwide and brings a depth of expertise in underwriting, business development, and leadership to Flagstone Re. He has held a number of executive positions in the Bermuda, London and New York markets. Prior to joining Flagstone Re, he held a number of executive positions with ACE Insurance in Bemruda and London and his last position prior to joinging Flagstone was Chief Underwriting Officer, International with ACE Tempest Re Bermuda where he managed the International Catastrophe underwriting unit. Prior to joining ACE in 2000, Mr. Swayne was Senior Vice President with Aon Re Bermuda where he was responsible for the production, design and placement of reinsurance and capital market solutions for Bermuda domiciled Insurance, Reinsurance and Captive Companies. Before joining Aon Re Bermuda, Mr. Swayne was Vice President of Willis Faber North America in New York and before that spend 6 years underwriting in Lloyds. Christopher J. Swift, Hartford Financial Services Group Christopher J. Swift has been Executive Vice President and Chief Financial Officer of Hartford Financial Services Group, Inc. since March 2010. He had served as Vice Chairman and Chief Financial Officer of American Life Insurance Company (ALICO), from 2009 to February 2010. From July 2005 to March 2009, he served as Vice President and Chief Financial Officer of Life Insurance and Retirement Services; and from August 2003 to July 2005, he served as Executive Vice President, Chief Financial Office...r and Head of Annuity Operations of AIG American General Life Companies. Mr. Swift began his career as an Auditor in the Chicago office of KPMG focused on financial services. He then became Executive Vice President of Conning Asset Management ("Conning"), a subsidiary of General American, where he was responsible for finance, sales/marketing and information technology. After MetLife acquired Conning in 1999, Mr. Swift returned to KPMG and was eventually appointed Head of Global Insurance Industry Practice for the firm. As leader of this segment, he worked with clients in both the life and P&C segments, globally and domestically. He was responsible for matters ranging from strategic and regulatory to audit, risk, advisory and tax services. Mr. Swift received a bachelor's degree in accounting from Marquette University and earned a Certified Public Accountant designation. Cory T. Walker, Brown & Brown Mr. Cory T. Walker was named Senior Vice President, Treasurer and Chief Financial Officer of Brown & Brown, Inc. in April 2004. Prior to that time, he had served as the Company's Vice President, Treasurer and Chief Financial Officer since 2000. Mr. Walker also serves as an executive officer for a number of the Company's subsidiaries. Mr. Walker previously served as the Company's Vice President and Chief Financial Officer from 1992 to 1994. From 1995 to 2000, Mr. Walker served as profit center leader of the Oakland, California office of Brown & Brown of California, Inc., one of the Company's subsidiaries. Before joining the Company, Mr. Walker was a Certified Public Accountant and Senior Audit Manager for Ernst & Young LLP. Ulrich Wallin, Hannover Re Chief Executive Officer - Ulrich Wallin was born in 1954. He studied Law at Hamburg University and in 1982, after his Second Final Exam in Law he obtained his Assessor grade. In 1982, he started his working career at HDI Haftpflichtverband der Deutschen Industrie V.a.G., Hannover, Germany. In 1984, he then joined E+S Rückversicherung AG, Hannover, Germany, as a treaty specialist in the foreign section, responsible for the establishment of the aviation reinsurance portfolio. From 1987, E+S Rück’s foreign section was integrated into Hannover Re’s group of US departments. Ulrich Wallin held various responsibilities here, primarily in the areas of aviation and space, as well as US liability business. In 1996, Ulrich Wallin became Vice President at Hannover Re, responsible for worldwide aviation and marine business, and subsequently in 2000 Managing Director with responsibility for Hannover Re's worldwide facultative property and casualty business in addition. Since 2001, Ulrich Wallin has acted as a Member of the Executive Board and finally in 2009 he was appointed as the new Chief Executive Officer of Hannover Re, Hannover, Germany. Wendy C. Waugaman, Chief Executive Officer, American Equity Wendy C. Waugaman was elected to the Board of Directors in September 2008 and became the Chief Executive Officer and President of American Equity in January 2009. Ms. Waugaman joined American Equity in 1999 and fulfilled dual responsibilties as Chief Financial Officer and General Counsel prior to becoming CEO. Prior to becoming an employee, she served as outside corporate counsel for our company from its inception in 1995. Ms. Waugaman was previously a partner in the firm of Whitfield and Eddy, P.L.C., Des Moines, Iowa, where she practiced law from 1985-1999. She served as one of the corporate attorneys for Statesmen for over 10 years. In addition to her law degree, she is a certified public accountant. Jennifer Weiner, FASB Senior Practice Fellow Jennifer is a Senior Practice Fellow at the Financial Accounting Standards Board (FASB) in Norwalk, Connecticut. In this role, Jennifer acts as the project manager on the insurance contracts project. This involves working with the International Accounting Standards Board in the development of a new standard to improve the financial reporting for insurers and answering numerous questions posed by preparers, auditors, and regulators on the application of accounting standards as it relates to insurance companies. Prior to her fellowship, Jennifer was a partner in Ernst & Young’s Accounting On-Call Advisory Services Group focusing on assisting clients and investment bankers regarding investment and special-purpose entity structures, reinsurance transactions and due diligence. Jennifer was also a member of Ernst & Young’s Financial Accounting and Advisory Services Team where she assisted companies in understanding and implementing new US GAAP, US Statutory and IFRS accounting pronouncements. Jennifer was Ernst & Young’s Americas IFRS Insurance Markets contact and the America’s liaison with Ernst & Young’s Global IFRS Insurance Working Group. In this role, she assisted numerous companies in analyzing the impacts of IFRS on their financial reporting and the overall conversion to IFRS as well as the evolution of the insurance contracts standard and the business implications. Jennifer has over 18 years of audit and advisory experience and served a variety of public, private and foreign traded companies within the financial services industry, including property and casualty insurers, life insurers with traditional and variable products, health care organizations and broker/dealers in Boston, New York and Chicago. Jennifer spent three years in Ernst & Young’s National Professional Practice/Accounting Standards Group where she was one of the principal technical resources on accounting and financial reporting matters to Ernst & Young’s insurance professionals throughout the U.S. Jennifer has been a frequent speaker at financial services industry trade group seminars including the Society of Actuaries, IASA and LOMA and at Ernst & Young-sponsored seminars, has participated in several AICPA committees, assisted in writing AICPA Technical Practice Aids and developed support for various initiatives of the AICPA/NAIC Task Force, was an editor of the AICPA Life/Health and Property/Casualty Audit Guides and the AICPA Insurance Industry Developments. Jennifer has written several articles as well as the GAAP chapter within the IASA textbooks for the Property/Casualty and Health Insurance Industries.
Pages to are hidden for
"The Association of Insurance and Financial Analysts"Please download to view full document