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Association of Insurance and Financial Analysts: 41
st Annual Conference
February 28 – March 1, 2016 Naples Grande Beach Resort, Naples, Florida
AIFA 2016 Officers
Kai Pan Erik Bass Charles Sebaski Ryan Krueger
President Vice President Secretary Treasurer
Morgan Stanley Citigroup BMO Capital Markets KBW
AIFA 2016 Organizers & Board Members:
Will Allen
KBW
Jay Cohen BofA Merrill Lynch
Craig Elkind
Brian Meredith
UBS Securities
Meyer Shields
KBW
Eric Berg
RBC Capital Markets
Sean Dargan
Macquarie
Jay Gelb
Barclays
Paul Newsome
Sandler O’Neill
Josh Stirling
Bernstein
Todd Bault
Citigroup
Sarah DeWitt
JP Morgan
Amit Kumar
Macquarie
John O’Brien
Neuberger Berman
Seth Weiss
Bof A Merrill Lynch
Randy Binner
FBR Capital
Andrew Edelsberg
Kroll
Quentin McMillan
KBW
Brian Rohman
Boston Partners
Susan-Spivak Bernstein
Argo Group
C
Companies Scheduled to Attend
1347 Property Insurance Holdings (PIN) Lincoln National Group (LNC)
Aegon (AEG) M Financial
Aflac (AFL) Maiden Holdings (MHLD)
Alleghany (Y) Manulife (MFC)
Allied World (AWH) Marsh & McLennan (MMC)
AM Best Metlife (MET)
American Equity (AEL) Milliman
American Financial Group (AFG) Moody's (MCO)
Ameritas Life Insurance Corp Morgan Stanley
AmTrust Financial Services (AFSI) National General (NGHC)
Arch Capital (ACGL) Patriot National (PN)
Argo (AGII) Primerica (PRI)
Atlas Financial Holdings (AFH) Principal (PFG)
AXIS Capital (AXS) ProAssurance (PRA)
Brown & Brown (BRO) Prudential (PRU)
CNO Financial Group Inc. (CNO) Reinsurance Group of America (RGA)
Conifer Holdings (CNFR) Rennaissance Re (RNR)
Deloitte RLI (RLI)
Deutsche Bank AG (DB) Selective (SIGI)
Employers (EIG) Standard & Poors
Endurance (ENH) Swiss Re (SREN)
Everest Re (RE) The Hanover Insurance Group (THG)
Fitch The Hartford (HIG)
Genworth (GNW) Third Point Re (TPRE)
Greenlight Re (GLRE) Tiger Risk
Hannover Re Towers Watson (WLTW)
Horace Mann (HMN) Travelers (TRV)
Intact Financial (IFC) United Fire Group (UFCS)
Jackson National Life Insurance Company Unum (UNM)
JLT (LON:JLT) Validus (VR)
Kemper (KMPR) Voya (VOYA)
Kingstone Companies (KINS) XL Goup (XL)
Lancashire (LON:LRE)
Any questions contact:
Kai Pan Erik Bass
Morgan Stanley Citigroup
212.761.8711 ([email protected]) 212.816.5257 ([email protected])
Sunday February 28, 2016
12:00PM-5:00PM Registration: Weston & Associates Acacia 1 Foyer (1x1 Meeting locations available at registration)
12:00PM Golf Outing Hotel Lobby Sponsored by: Arch Capital Group & Everest Re
Coordinator: Blake Mock (Shuttle back-forth for golfers)
2:00PM - 4:00PM Tennis Outing Tennis Pro Shop Coordinator: Chai Gohil
7:00PM WELCOME RECEPTION & DINNER Sunset Veranda Sponsored by: Argo Group & Endurance Specialty
Monday February 29, 2016
ALL DAY Individual Company Sponsored Meetings Acacia 1 Foyer See Weston & Associates for schedule 7:00AM –8:00AM BREAKFAST: Sponsored by Validus Orchid Ballroom Welcome – Kai Pan & Erik Bass 8:00AM – 8:50AM State of Life Insurance Panel Royal IV & V Moderators: Eric Berg & Sean Dargan
Aflac – Fred Crawford, CFO Genworth – Daniel J. Sheehan, IV, CIO M Financial – John M. Barry, Vice Chairman
9:00AM –9:50AM State of P&C Insurance Panel Royal IV & V Moderators: Jay Cohen & Jay Gelb
Alleghany – Weston Hicks, CEO Arch Capital – Dinos Iordanou, Chairman, President and CEO XL Group – Michael McGavick, CEO
10:00AM –10:50AM Global Reinsurance Panel Royal IV & V Moderators: Craig Elkind & Kai Pan
Alleghany – Jack Sennott, CFO Axis Re – Jay Nichols, CEO Everest Re – Dominic Addesso, President and CEO
11:00AM – 11:50PM Individual Life Insurance Panel Royal IV & V Moderators: Ryan Krueger, John O’Brien
Ameritas – Tim Stonhocker, EVP Manulife – Michael Doughty, President & General Manager, John Hancock Primerica – Glenn Williams, CEO RGA – David Wheeler, Head of U.S. Mortality
12:00PM – 1:15PM LUNCH: Sponsored by Aflac Orchid Ballroom 1:15PM – 2:05PM Annuities Panel Royal IV & V Moderators: Seth Weiss & Brian Rohman
American Equity – Ron Grensteiner, President, American Equity Investment Life Insurance Company Lincoln National – Will Fuller, President, Annuity Solutions, Lincoln Financial Distributors and Lincoln Financial Network
2:15PM – 3:05PM Long-Term Care Insurance Panel Royal IV & V Moderators: Erik Bass & Andrew Edelsberg
CNO Financial – Chris Nikele, Chief Actuary Hannover Re – Tony Laudato, Vice President, Marketing Mortality Solutions Milliman – Amy Pahl, Principal, Consultancy Actuary
3:15PM – 4:05PM Lloyd’s Panel Royal IV & V Moderator: Will Allen
Argo – David Harris, Managing Director Lancashire – Jonny Creagh-Coen, Head of Investor Relations
4:15PM – 5:00PM Insurance & Technology Panel Royal IV & V Moderator: Todd Bault
Deloitte – John Lucker, Principal Patriot Technology Solutions – Judy Haddad, President and CIO Towers Watson – Serhat Guven, Director
5:30PM – 8:00PM COCKTAILS & DINNER: Sponsored by Travelers & The Hanover Group Orchid Foyer & Ballroom Coordinator: Erik Bass
Guest Speaker: Bill Walton, NBA Hall of Famer
8:00PM – 10:00PM AIFA Nightcap: Sponsored by The Hartford Sunset Veranda
Tuesday March 1, 2016
ALL DAY Individual Company Sponsored Meetings Acacia 1 Foyer See Weston & Associates for schedule
7:00AM – 8:00AM BREAKFAST: Sponsored by Renaissance Re Orchid Ballroom 8:00AM - 8:50AM Insurance M&A Panel Royal IV & V Moderators: Chuck Sebaski & Brian Meredith
American Financial Group – Joseph E. (Jeff) Consolino, Executive Vice President and Chief Financial Officer Morgan Stanley – Jared Abbey, Managing Director and Co-Head of North America Insurance Tiger Risk – Tony Ursano, President
9:00AM – 9:50AM Investment Portfolios Panel Royal IV & V Moderator: Randy Binner
American Equity – Jeff Lorenzen, Executive Vice President and CIO CNO Financial – Eric Johnson, CIO The Hartford – Brion Johnson, CIO, President HIMCO & Talcott Resolution Unum – Breege Ferrell, CIO
10:00AM – 10:50AM Personal Lines Panel Royal IV & V Moderators: Josh Stirling & Meyer Shields
Horace Mann – William Caldwell, Executive Vice President Intact Financial – Martin Beaulieu, SVP & COO, DTCD The Hanover Group – Richard Lavey, President, Personal Lines & Chief Marketing Officer
11:00AM – 11:50PM Pension Risk Transfer Panel Royal IV & V Moderator: Eric Berg
Deutsche Bank AG – Paul Puleo, Head of Financial Institutions Groups – Capital Markets and Treasury Solutions Prudential – Phil Waldeck, SVP, Head of Pensions & Structured Solutions
12:00PM – 1:20PM Lunch: Sponsored by Selective Orchid Ballroom Ratings Panel
Moderator: Paul Newsome AM Best – Andrew Colannino, Vice President Fitch – Julie Burke, Managing Director Moody’s – Scott Robinson, Senior Vice President S&P – Kevin Ahern, Managing Director
1:30PM – 2:20PM Employing Total Return Strategies in (Re)insurance Panel Royal IV & V Moderator: Amit Kumar
AlphaCat – Lixin Zeng, CEO Greenlight Re – Bart Hedges, Chief Executive Officer Third Point Re – John Berger, Chairman and CEO
2:30PM – 3:20PM Insurance Brokers Panel Royal IV & V Moderators: Quentin McMillan & Sarah DeWitt
Brown & Brown – R. Andrew Watts, Chief Financial Officer JLT – David Flandro, Global Head of Strategic Advisory, JLT Re Patriot National – Steve Mariano, CEO
5:30PM – 8:00PM COCKTAILS & DINNER TBD
Biographies State of Life Insurance Panel
Fred Crawford
CFO
AFLAC
Fred Crawford joined Aflac in June 2015 as executive vice president and chief financial officer of
Aflac Incorporated, responsible for overseeing the financial management of company operations.
He brings nearly three decades of financial and leadership experience to Aflac. Most recently, he
served as executive vice president and chief financial officer of CNO Financial Group since 2012.
Prior to that, he spent more than a decade at the Lincoln Financial Group serving in roles of
progressive responsibility, including as executive vice president and chief financial officer as well
as leading Corporate Development and Investments. Before joining Lincoln Financial Group, he
also held leadership positions at Bank One Corporation. Fred received his bachelor of arts degree
from Indiana State University and a master of business administration degree from the University of
Iowa, where he currently serves as an advisory board member with the Finance Department at its
Tippie College of Business.
Daniel J. Sheehan, IV
CIO
Genworth
Dan Sheehan is Executive Vice President, Chief Investment Officer of Genworth. He assumed his
role in April 2012 and has the responsibility for managing Genworth’s $72 billion investment
portfolio. Dan has been with Genworth / General Electric for the last 15 years. He started as Vice
President, Risk Manager for Investments Real Estate (1997-2002). His responsibilities included
leadership of the real estate risk team, review and/or approval of $4B+ of transactions, and portfolio
oversight responsibilities. In 2002, he joined the Investments Risk team as Risk Manager, Insurance
Portfolios, with responsibility for risk management oversight of the insurance investment portfolios.
In 2004, Dan assumed management responsibilities for the Investments Real Estate team as a
Senior Vice President. In early 2008, Dan’s role broadened to include direct management
responsibility of the Portfolio Management team, which included fixed-income trading. From
September 2009 to April 2012, Dan was SVP of Genworth’s Asset Management. He had
responsibility for the overall performance of Genworth's insurance investment portfolios
(Corporates, Structureds, Real Estate, Private Placements, and Trading). Prior to joining Genworth /
General Electric, Dan worked with Sun Life of Canada (1993-1997) in Wellesley Hills, MA as a
Property Investment Officer in the Real Estate Investments group. From 1987-1993, he worked for
the Massachusetts Laborers Benefit Fund as an auditor and auditing supervisor.
Dan, who is a CFA charter holder, graduated from Harvard University with a BA in Economics and
later received an MBA in Finance from Babson College.
John M. Barry
Vice Chairman
M Financial John M. Barry is Chairman and CEO of Barry, Evans, Josephs & Snipes. John began his insurance
career with Home Life Insurance Company of New York in New Orleans, Louisiana. In 1985, he
returned to Charlotte, North Carolina, and joined Barry, Evans, Josephs & Snipes.
John is a past board member of AALU, and currently serves on M Financial Group's Board of
Directors, as well as on the Product Development Group, Nominating Committee, MFH Board
Compensation Committee, Finance Committee, and M Benefit Solution Board. He is a member of
the Society of Financial Service Professionals, National Association of Insurance Financial
Advisors, and the Charlotte Estate Planning Council.
John graduated with honors from the University of North Carolina, Chapel Hill, with a BS in
business administration. He holds the ChFC® and CLU® designations.
State of P&C Insurance Panel
Constantine Iordanou
Chairman, President and CEO
Arch Capital Group Ltd.
Constantine Iordanou has been Chairman of the Board of ACGL since November 6, 2009 and
President and Chief Executive Officer of ACGL since August 2003. He has been a director since
January 1, 2002. From January 2002 to July 2003, Mr. Iordanou was Chief Executive Officer of
Arch Capital Group (U.S.) Inc. From March 1992 through December 2001, Mr. Iordanou served in
various capacities for Zurich Financial Services and its affiliates, including as Senior Executive
Vice President of group operations and business development of Zurich Financial Services,
President of Zurich-American Specialties Division, Chief Operating Officer and Chief Executive
Officer of Zurich-American and Chief Executive Officer of Zurich North America. Prior to joining
Zurich, he served as President of the commercial casualty division of the Berkshire Hathaway
Group and served as Senior Vice President with the American Home Insurance Company, a
member of the American International Group. Since 2001, Mr. Iordanou has served as a director of
Verisk Analytics, Inc. (formerly known as ISO Inc.). He holds an aerospace engineering degree
from New York University.
Michael S. McGavick
CEO
XL Group plc
Mike McGavick has been chief executive officer of XL Group plc since 2008. With Mike as CEO,
XL has built its premier position as the company its clients and partners look to for solutions to
complex risks.
In 2014, Mike was named the Insurance Leader of the Year by St. John’s University School of Risk
Management. Previously he has been recognized as one of the top 100 Game Changers in the last
hundred years of the insurance industry by Leaders Edge, the Bermuda Insurance Institute’s
(Re)insurance Person of the Year, the Review Magazine’s Industry Personality of the Year and
Reactions Magazine’s Insurance CEO of the Year.
Mike is currently the Chairman of the Geneva Association and is a Director and Immediate Past
Chairman of the Association of Bermuda Insurers & Reinsurers. He is on the board of the Global
Reinsurance Forum, the American Insurance Association, the Insurance Information Institute and
the International Insurance Society.
From 2001 to 2005, Mike was chairman, president and CEO of Safeco Corporation. Prior to joining
Safeco, Mike spent six years with CNA Financial Corporation, where he held various senior
positions, including president and CEO of the company's largest commercial insurance unit.
Mike has been involved in a number of industry, political, public affairs and community service
activities. He was a vice chairperson of the American Insurance Association and served as director
of its Superfund Improvement Project. He is a former chief of staff in the United States Senate and
ran for the US Senate in the State of Washington. Mike was the founding chairperson of the
Business Partnership for Early Learning and is also on the board of Landesa, a nonprofit
organization that helps the rural poor around the globe obtain land rights. He was named the Puget
Sound Business Journal's Executive of the Year in 2003 and was the 2005 winner of the prestigious
Charles E. Odegaard award for his efforts in promoting diversity at the University of Washington.
Weston Hicks
President and CEO
Alleghany Corporation
Mr. Hicks has served as President and chief executive officer since December 2004 and Executive
Vice President from October 2002 to December 2004, was Executive Vice President and Chief
Financial Officer of The Chubb Corporation before joining Alleghany. Prior to that, Mr. Hicks was
a senior research analyst and managing director at J.P. Morgan Securities from 1999 to 2001 and a
senior research analyst at Sanford C. Bernstein & Co. from 1991 to 1999. Mr. Hicks is a director of
AllianceBernstein Holding, L.P., a Chartered Financial Analyst, a member of the New York Society
of Securities Analysts and a member of the CFA Institute. Mr. Hicks is a graduate of Lehigh
University.
Global Reinsurance Panel
Dominic Addesso
President and CEO
Everest Re
Dominic Addesso, CPA, is President, Chief Executive Officer, Director of Everest Re Group, Ltd.
He serves as a director of the Company since September 19, 2012, became Chief Executive Officer
of Everest Re on January 1, 2014. He became President of the Company, Everest Holdings and
Everest Re on June 16, 2011 and served as Chief Financial Officer of those companies from 2009
through the second quarter of 2012. From 2008 until he joined the Company in May 2009, Mr.
Addesso was President of Regional Clients of Munich Reinsurance America, Inc. From 2001 to
2009, he served as President of Direct Treaty, Munich Reinsurance America, Inc. with profit and
loss responsibility for direct treaty business covering all lines including surety, political risk and
marine. From 1999 through 2001, he served in various underwriting and financial operations roles.
From 1982 to 1995, he served as Executive Vice President and Chief Financial Officer of Selective
Insurance Group, Inc. Prior to that, Mr. Addesso worked in public accounting for KPMG.
Jay Nichols
CEO
Axis Re
Jay Nichols joined the Company in April 2012 as Chief Executive Officer of AXIS Re. Mr. Nichols
is the former President of RenaissanceRe Ventures Ltd., where he and his team were responsible for
business development and management of RenaissanceRe’s Joint Ventures and Venture Capital
businesses. In his role at RenaissanceRe, he was responsible for the formation of DaVinci
Reinsurance and Top Layer Reinsurance, as well as several sidecars and other ventures. Prior to
joining RenaissanceRe in 1995, Mr. Nichols held various positions at Hartford Steam Boiler,
Monarch Capital and the accounting firm of Matson, Driscoll and D’Amico.
Jack Sennott
CFO
Allegheny
Mr. Sennott has been senior vice president since April 2013 and chief financial officer since May
2013. He served as Executive Vice President and Chief Corporate Strategy Officer of Allied World
Assurance Company Holdings, AG from January 2010 to April 2012. Prior to that, from October
2008 to January 2010, Mr. Sennott served as the Chief Operating Officer of Allied World Insurance
Company. Mr. Sennott was the Chief Financial Officer and a member of the Board of Directors of
Darwin Professional Underwriters, Inc. from March 2003 to October 2008. Mr. Sennott is a
graduate of the University of Massachusetts at Amherst, is a certified public accountant and began
his career at Coopers & Lybrand in July 1987.
Individual Life Insurance Panel
David Wheeler
Head of US Mortality
RGA, Incorporated
David P. Wheeler is Executive Vice President and Head of U.S. Mortality Markets for RGA
Reinsurance Company. Named to this position in January 2015, he is responsible for all operations
within the United States, including business development, pricing, underwriting, medical claims
and operations.
Dave first joined General American in 1980 and moved in 1983 to its reinsurance division (which
later became RGA). A veteran of the life insurance industry, Dave has held nearly every U.S.
underwriting role at RGA, culminating in his previous role of Senior Vice President and Global
Head of Underwriting, with global leadership responsibility for RGA’s global underwriting, risk
management and facultative mortality results.
Dave is a graduate of the University of Missouri - Columbia. He is a Fellow of the Academy of Life
Underwriting (FALU) and a Fellow of the Life Management Institute (FLMI). He has served on the
Longer Life Foundation’s Advisory Board and on the ACLI’s Risk Classification Committee since
2008, and has been a member of the MIB Board of Directors since 2010. Dave is also a past
Treasurer of the Association of Home Office Underwriters (AHOU), and a past member of the
Academy of Life Underwriting’s Education Committee.
Glenn Williams
CEO
Primerica
Glenn J. Williams has served as President since 2005, as Executive Vice President from 2000 to
2005 and in various capacities at our company since 1983. He began his career with Primerica in
1981 as a member of the company’s sales force. Mr. Williams earned his B.S. in education from
Baptist University of America in 1981. He serves on the board of the Georgia Baptist Foundation.
Tim Stonehocker
EVP
Ameritas
Mr. Stonehocker is EVP of the Individual, Retirement Plans and Ameritas Inv. Corp. divisions.
Before that, he spent 23 years at Aegon USA, leaving them as President and CEO of their Life and
Protection Group
Michael Doughty
President and General Manager
John Hancock Insurance
Michael Doughty is President and General Manager, John Hancock Insurance, for John Hancock
Financial, the U.S. division of Toronto-based Manulife Financial Corporation. Mr. Doughty has
overall management responsibility for John Hancock’s life insurance and long term care insurance
businesses, including sales, marketing, product development and service operations. Before taking
on his current position in 2013, Mr. Doughty has been president of John Hancock Life Insurance.
Previously, he was Executive Vice President, Individual Insurance for Manulife’s Canadian
division. He was responsible for Manulife’s life and living benefits products in Canada as well as
the Affinity Markets business, which includes life, health, accident, travel and disability insurance.
Previously, he was Senior Vice President of Individual Insurance and had been Senior Vice
President of Group Savings & Retirement Solutions. Mr. Doughty, who joined Manulife in 1992,
has held a number of senior marketing positions in both Canadian and Corporate Operations. Mr.
Doughty graduated with a B.A. in History from Queen’s University in Kingston, Ontario.
Annuities Panel
Will H. Fuller
President, Annuity Solutions, Lincoln Financial Distributors and Lincoln Financial Network
Lincoln Financial
Will H. Fuller is president of Lincoln Financial Group Annuity Solutions, Lincoln Financial
Distributors, and Lincoln Financial Network. Additionally, Fuller serves on Lincoln Financial
Group’s Senior Management Committee, and is a member of the Investment and Enterprise Risk
and Capital committees.
In his role as president of the Annuity Solutions business, Fuller is responsible for all aspects of
strategic leadership, product development, and profitability management for the company’s market-
leading annuities products.
Fuller leads distribution and sales strategy for Lincoln Financial Distributors, Lincoln’s wholesale
distribution business for its Annuities, Small-Market Retirement Plan Services, Life and Long-
Term Care solutions. Fuller also provides strategic leadership for Lincoln Financial Network, the
company’s retail wealth management affiliate, which encompasses more than 8,000 representatives,
agents and full-service financial planners throughout the United States.
Prior to joining the company in 2009 as president of Lincoln Financial Distributors, Fuller led
product distribution for the Global Wealth Management division at Merrill Lynch & Co., Inc. His
experience spans life insurance, annuities, mutual funds, managed accounts, advisory programs, and
banking and retirement products.
Fuller, a current board member of the Insured Retirement Institute (IRI), received the IRI 2014
Leadership Award for his extraordinary contributions to the retirement income planning industry.
He also serves as a current board member of the Life Insurance and Market Research Association
(LIMRA) and is an active member of the Philadelphia Chapter of Young Presidents Organization
(YPO). Fuller is a former board member of Money Management Institute (MMI), the Forum for
Investor Advice (FFIA), and Global Selects, LLC, an offshore asset management company. A
graduate of The Citadel in Charleston, S.C., Fuller resides in Bryn Mawr, Pa., with his wife,
Jennifer, and daughters, Madeleine and Olivia.
Ron Grensteiner
President
American Equity Life
Ronald J. Grensteiner is president of American Equity Investment Life Insurance Company. He
became president of the Life Company on January 1, 2009. Prior to being named president of the
Life Company, Mr. Grensteiner served as senior vice president and national marketing director for
the Company. He started his insurance career in 1985 as an agent with Northwestern Mutual Life
and later served as regional vice president for American Life and Casualty, a subsidiary of The
Statesman Group. Mr. Grensteiner received his B.S. from North Dakota State University.
Long-Term Care Insurance Panel
Chris Nikele
Chief Actuary
CNO Financial
Chris Nickele was appointed chief actuary of CNO Financial Group in August 2014. In this role he
is responsible for managing actuarial valuation as well as new product development and
management on an enterprise-wide basis, overseeing activities for the Bankers Life, Colonial Penn
and Washington National businesses.
Nickele joined CNO in October 2005 as executive vice president, product management, and was
named additionally to head a new business segment - Other CNO Business - in April 2010.
Nickele has more than 35 years of experience in the insurance industry, specializing in product
development. Nickele joined CNO from Lincoln Financial Group, where he served as vice
president and business line leader, general manager and First Penn-Pacific director for Lincoln's
term line of business. Previously, he held key actuarial positions at First Penn-Pacific, Zurich
Kemper Life and Bankers Life.
Nickele holds a bachelor's degree in mathematics from the University of Notre Dame.
He is a Fellow of the Society of Actuaries, a member of the American Academy of Actuaries and a
participant of the Ad Hoc Committee on Regulation XXX.
Amy Pahl
Principal, Consultancy Actuary
Milliman
Amy is a Principal and Consulting Actuary in the Minneapolis office of Milliman. She has been
with the firm since 2001. Amy specializes in long term care insurance products and has experience
in pricing and plan design, implementation and development, state insurance department filings,
inforce management, and financial reporting. Prior to joining Milliman, Amy was Assistant Vice
President and Product Actuary of LifeCare Assurance Company, a long-term care reinsurer. There
she had responsibility for product development, pricing, and actuarial regulatory filing and rate
approval for multiple client companies. In this role, she has performed long-term care reinsurance
pricing, actuarial modeling, and experience analysis. Prior to joining LifeCare, Amy was the LTC
Actuary at Allianz Life Insurance Company of North America where she was responsible for
financial analysis and risk management of their LTC insurance program. Prior to her role as the
LTC Actuary, Amy managed the actuarial functions for their traditional life and annuity blocks of
business.
Tony Laudato, FSA, MAAA
Vice President – Marketing Mortality Solutions
Hannover Re Group Tony joined Hannover Re Group in July 2012 and was initially responsible for directing the pricing
and consultative activities related to the various markets in the Mortality Solutions business unit.
Tony currently maintains product ownership of Hannover Re Groups’ LTC/Life Hybrid product,
including managing strategic alliances being developed with outside parties. Additionally, his
marketing responsibilities include maintaining relationships with a number of key Mortality
Solutions’ clients. With more than 20 years in the insurance industry, Tony has a varied background
in product development, pricing, risk management, consulting, and strategic planning. Prior to
joining Hannover Re Group, Tony served as the lead pricing actuary for Lincoln Financial Group’s
MoneyGuard (LTC/Life/Annuity Hybrid) product. His additional industry experience includes roles
such as Chief Actuary of Lincoln Financial’s Executive Benefits business; Chief Actuary for The
Newport Group and Chief Product Officer for Clark Consulting, a division of Aegon. Tony
graduated from the University of Hartford with a Bachelor of Science in Applied Mathematics and
later taught Applied Risk Theory as part of the university’s actuarial science program. He is a
Fellow of the Society of Actuaries (FSA) as well as a Member of the American Academy of
Actuaries (MAAA).
Lloyd’s Panel
David Harris
Managing Director
Argo
David Harris brings more than 25 years experience in the London insurance market. He most
recently spent nearly ten years with Amlin plc in various roles including international development
director, syndicate managing director, and chief operating officer. Previously he held senior
operations roles in both AXA Insurance and RSA.
Jonny Creagh-Coen
Investor Relations
Lancashire Re
Jonny Creagh-Coen joined Lancashire in June 2008 and is responsible for the group’s investor
relations. Jonny has extensive experience in the insurance industry specializing in the international
property and casualty arena at Sedgwick, Minet and latterly as an Executive Director at HLF Group.
He is a founding member of Execution Limited originally working within the sales and sales
trading team as an Equity Sales Trader.
Insurance & Technology Panel
John Lucker
Principal
Deloitte
John is a principal in Deloitte Consulting LLP, Global Advanced Analytics & Modeling Market
Leader, and a leader for Deloitte Analytics. He is a leader of Deloitte’s Advanced Analytics &
Modeling practice, one of the leading analytics groups in the professional services industry. John
leads the delivery of consulting services for end-to-end strategy, business, operational, and
technical consulting in the areas of advanced business analytics, predictive modeling, data mining,
scoring and rule.
Serhat Guven
Director, Sales & Practice Leader for P&C Insurance
Willis Towers Watson
Judy Haddad
EVP, Chief Information & Technology Officer
Patriot National
Judith L. Haddad holds the position of Executive Vice President and Chief Information
Officer/Chief Technology Officer for Patriot National, Inc. Previously, Ms. Haddad served as Vice
President of Information Technology for NYMAGIC, a multi-line insurance carrier based in New
York. In addition, she held senior executive consulting roles with Blue Cod Technologies and
Service Soft Technologies, providing clients with assistance on strategic planning for information
technology initiatives and she held various executive and technical management positions with
NCCI, CGU Insurance and Hanover Insurance companies.
Ms. Haddad has received various industry accolades for her work at Patriot National, Inc. Most
recently she accepted the 2014 Impact Award from Novarica in the Transformation category based
on the success Patriot achieved for their legacy system replacement project. In 2013 she was named
an Elite 8 recipient, an honor presented by Insurance Technology magazine each year to eight
distinguished CIOs in the industry. She is currently a member of the Novarica CIO Advisory
Council and an Insurance Technology Association (ITA) advisory board member.
Ms. Haddad holds a Bachelor of Science degree from Clark University in Worcester,
Massachusetts. She obtained her Master's degree in Business Administration degree from H. Wayne
Huizenga School of Business and Entrepreneurship at Nova Southeastern University in Fort
Lauderdale, Florida and completed an Executive Management program at INSEAD in
Fontainebleau, France.
Insurance M&A Panel
Jared Abbey
Managing Director and Co-Head of North America Insurance
Morgan Stanley
Jared has 17 years of investment banking experience focused predominantly on the insurance
industry. Jared joined Morgan Stanley in 2000, prior to which he worked in the Financial
Institutions Investment Banking Group at J.P. Morgan & Co. He has worked on a wide range of
assignments for insurance clients including mergers & acquisitions, strategic advisory, corporate
restructuring, and capital raising transactions. Throughout his career, Jared’s work has focused on
all sectors of the insurance industry including P&C, reinsurance and life insurance in North
America and globally. Jared received a B.A. in Mathematics and Economics from Dartmouth
College.
Joseph E. (Jeff) Consolino
Executive Vice President and Chief Financial Officer
American Financial Group
Joseph E. (Jeff) Consolino became a director of American Financial Group in December 2012 and
executive vice president and chief financial officer in February 2013. From March 2006 to February
2013, Mr. Consolino was president and chief financial officer of Validus Holdings, Ltd., a reinsurer
based in Bermuda. Until joining Validus, Mr. Consolino served as a managing director in the
investment banking division of Merrill Lynch, specializing in insurance company advisory and
financing transactions. Mr. Consolino also serves on the board of directors of Validus, as chairman
of the board of National Interstate Corporation and as a director of AmWINS Group, Inc., a
wholesale insurance broker based in North Carolina.
Tony Ursano
President
TigerRisk Partners
Tony joined TigerRisk in April 2015 from Willis, where he was the founder and CEO of Willis
Capital Markets & Advisory for six years and a member of the Willis Group Executive Committee.
Prior to joining Willis, Tony was Vice Chairman of the Financial Institutions Group at Banc of
America Securities. Between 1999 and 2008, he was Global Head of the Financial Institutions
Group at Banc of America Securities, managing a team of more than 150 bankers. Prior to that, he
was a senior director at Merrill Lynch for five years. Tony started his career at Donaldson, Lufkin,
and Jenrette and subsequently worked for SG Warburg in New York and London. He has over 28
years of experience as an investment banker focused on the insurance industry and is a frequent
speaker on the state of the insurance and reinsurance industries.
He has advised on more than 100 insurance industry M&A transactions, and more than 125 debt,
equity, and ILS capital raising transactions in his career, including many of the industry’s most
prominent deals. While at Willis, amongst other things, Tony worked on the acquisition by
management of American Coastal Insurance and simultaneous sale by management of a significant
interest in AmRisc, the sale of QBE’s MGA businesses to Alliant, the sale of Fortegra to Tiptree,
the sale of York Insurance Services to Onex, the sale of Cathedral to Lancashire, the sale of Alea to
Catalina Holdings, the sale of Imperial Management to National General, ACE’s acquisition of
Fianzas Monterey, the acquisition by CVC of Brit, the sale of Permanent General to American
Family, the sale of Family Heritage to Torchmark, the sale of AmWINS to New Mountain Capital,
the sale of Arrowhead to Brown & Brown, the sale of Montpelier’s US business to Selective, the
sale of Penn Millers to ACE, the sale of Chaucer to the Hanover Group, the acquisition by CVC of
Cunningham Lindsey, the sale of Secura to QBE, the merger of Harbor Point and Max Re, and the
sale of Premium Credit to GTCR.
Insurance Investment Portfolios Panel
Breege Farrell
EVP and CIO
Unum Group
Breege Farrell is executive vice president and chief investment officer for Unum Group. In this role,
Ms. Farrell is responsible for designing and overseeing Unum’s investment and asset management
strategies, including maintaining a balanced portfolio of investments to optimize investment
performance within the company’s risk management guidelines.
Ms. Farrell joined Unum in 2011 from Allstate, where she held a number of executive-level
investment positions, most recently senior managing director in charge of the credit and equity asset
management groups. Prior to joining Allstate, she was an analyst with Nomura Corporate Research
and Asset Management Inc. from 2001 to 2004. From 1993 to 2001, Ms. Farrell held analyst
positions in equity and high-yield at several investment banks including JP Morgan, UBS and
Kidder Peabody. From 1986 to 1993, she worked in the investment division of Prudential Insurance
Company, most recently as director of fixed income research. She began her career in Chemical
Bank’s international division serving as a junior loan officer.
Ms. Farrell has a bachelor of arts in economics, Spanish and psychology from Emory University
and a master’s in business administration from New York University’s Stern School of Business.
Eric Johnson
CIO
CNO Financial
Eric Johnson was appointed chief investment officer of CNO Financial Group and president of
40|86 Advisors, Inc. in September 2003. Johnson joined CNO in 1997 and has served as an officer
of the company since 1998.
Johnson has more than 20 years of experience in the financial services and investment field. Before
joining CNO, Johnson served as senior vice president for National Westminster Bank, a division of
The Royal Bank of Scotland Group. In that position, he was responsible for management of various
proprietary fixed-income investment activities. From 1983 to 1987, Johnson worked with
Manufacturers Hanover Trust Company as an assistant vice president. In that role, he was involved
in various credit-related assignments including the Merchant Banking Group.
Johnson graduated cum laude with a bachelor's degree in American history from Harvard
University.
He is on the boards of the Greater Indianapolis Progress Committee and The Julian Center, is
chairman of the Central Indiana Advisory Committee of the Jefferson Awards for Public Service,
and is treasurer and a board member of the Harvard Club of Indiana.
Jeffrey D. Lorenzen, CFA
Executive Vice President & Chief Investment Officer
American Equity Life
Jeffrey D. Lorenzen joined American Equity Investment Life Holding Company in February 2009
as senior vice president and chief investment officer. In this position, he is responsible for
establishing the investment strategy and leading the daily investment activity on behalf of the
Company.
Prior to joining the Company, Mr. Lorenzen was the president and chief investment officer of WB
Capital Management Inc., a wholly-owned subsidiary of West Bancorporation, Inc. He also served
on the board of directors for WB Capital Management Inc. and was a member of the management
committee of West Bancorporation. Prior to 2006, Lorenzen was president and chief investment
officer of Investors Management Group, where he spent 14 years in a variety of investment
leadership positions. He started his career at The Statesman Group as a high-yield credit analyst in
1989.
Mr. Lorenzen serves as a board governor for the CFA Institute. He is a past president and board
member of the CFA Society of Iowa and also serves on the board of Goodwill Industries of Central
Iowa. He received his B.B.A in finance from the University of Iowa and an M.B.A. from Drake
University.
Brion Johnson, CIO, President, Hartford Investment Management Company and Talcott
Resolution Brion Johnson is chief investment officer of The Hartford and president of its asset management
subsidiary, Hartford Investment Management Company (HIMCO). Brion joined HIMCO in 2011 as
a Managing Director, Chief Financial Officer and Head of Strategy and Development. In 2012 he
became HIMCO’s president as well as CIO of The Hartford. He was named president of Talcott,
which manages the run-off of The Hartford’s annuity book of business, in 2014. Prior to joining The
Hartford, Brion served as executive vice president and head of portfolio management for PPM
America, Inc., the North American subsidiary of London-based Prudential, plc, where he built and
led an investment team responsible for client relationships, portfolio management, quantitative and
risk management, and trade execution for clients in the U.S., England and Asia. Brion also held
management positions at Jackson National Life Insurance Company and the Kemper Corporation.
He began his career as a financial analyst at CNA Financial Corporation. A chartered financial
analyst, Johnson earned a B.A. in economics from the University of Michigan and an M.B.A.,
specialized in finance and concentrated in accounting, from the University of Chicago's Booth
School of Business.
Personal Lines Panel
William Caldwell
EVP
Horace Mann
William J. Caldwell is Executive Vice President, Property and Casualty, since July 2015. Mr.
Caldwell joined the Company in November 2013 as Senior Vice President, Personal Lines. He
previously served as Head of Property Products at QBE North America from June 2011 through
November 2013, Senior Vice President of Bank of America from August 2007 to June 2011 and
Vice President of Product and Marketing at Kemper from June 2001 to August 2007. Mr. Caldwell
has over 20 years of experience in the insurance industry.
Martin Beaulieu
SVP & COO Direct to Consumer Distribution
Intact Financial
Martin Beaulieu is the Senior Vice President & Chief Operating Officer DTCD. In this role, Mr.
Beaulieu oversees the pricing, underwriting, operational planning, finance and human resources
activities of belairdirect and Grey Power. Prior to this appointment, Mr. Beaulieu was the Senior
Vice President, Personal Lines for Intact Insurance.
Mr. Beaulieu joined Intact in 1988 as an actuary for Le Groupe Commerce. From 1992 to 1996, he
held actuarial positions in Amsterdam and in Atlanta. Upon his return to Canada, he was Vice-
President, Reinsurance, Vice President, Claims for belairdirect and Intact Insurance (Québec
region) in 1999 and Senior Vice-President, Claims in 2002.
Mr. Beaulieu has a Bachelor of actuarial science degree from Laval University and he is a member
of the Casualty Actuarial Society.
Richard W. Lavey
President, Personal Lines & Chief Marketing Officer
The Hanover Group
Dick joined The Hanover in January 2004. His current role is President, Personal Lines & Chief
Marketing Officer. As President of Personal Lines, he manages all aspects of the segment’s $1.5B
portfolio. As CMO, he leads corporate and business unit marketing efforts as well as public
relations and communication strategies. Most recently, in addition to his CMO responsibilities, he
was President, Field Operations, responsible for leading business strategy for all 41 field offices
countrywide. Prior to joining The Hanover, Dick was Vice President of Strategic Initiatives for The
Hartford’s P&C organization, and Vice President, Strategic Marketing for the Select Customer
division.
Dick serves as the Chairman of the Board of the Worcester Center for the Performing Arts. He is
also on the Board of Overseers at the Newton Wellesley Hospital, and a Board member of Assurex
Development Corporation. He is a member of the Executive Committee for Holy Cross Presidents
Council. Dick is a Phi Beta Kappa graduate of College of the Holy Cross and earned his Masters of
Business Administration from Harvard Business School.
Pension Risk Transfer Panel
Phil Waldeck
Senior Vice President, Head of Pension & Structured Solutions
Prudential
Phil Waldeck is a senior vice president and head of Prudential’s $100 billion Pension & Structured
Solutions organization, which includes the firm’s Pension Risk Transfer, Longevity Reinsurance
and Structured Settlements businesses. He leads Prudential’s risk management and risk transfer
strategies for pension plans, providing solutions that help plan sponsors assess their current risk
profile and deploy the risk management strategies that best fit their organizations’ unique needs.
Phil’s team has completed the three largest pension risk transfer transactions to date: A
groundbreaking $25 billion pension buy-out with General Motors; a market-making $8 billion buy-
out with Verizon; and a $3.1 billion buy-out agreement with Motorola Solutions, Inc. The team also
completed the first pension buy-in transaction in the U.S., a $75 million agreement with Hickory
Springs Manufacturing Company.
In addition, Phil’s team has executed numerous international reinsurance agreements since 2010,
covering the pension liability risk of such firms as British Airways and Rolls-Royce. In 2014, the
team executed the largest and most innovative longevity reinsurance agreement on record, a $27.7
billion transaction with the BT Pension Scheme.
Phil graduated magna cum laude from Tufts University and has an M.B.A. from the University of
Michigan. He serves on the Board of Directors of the Prudential Retirement Insurance and Annuity
Company, the Prudential Trust Company, and the ERISA Industry Committee. Phil also serves on
the Board of Directors and Executive Committee of Achieve Hartford!, an organization dedicated to
driving education reform and greater student academic achievement in Hartford.
Phil Waldeck is a registered representative of Prudential Investment Management Services LLC
(PIMS), Three Gateway Center, 14th Floor, Newark, NJ 07102-4077. PIMS is a Prudential
Financial company.
Paul Puleo
Managing Director, Head of Financial Institutions Group - Capital Markets and Treasury
Solutions
Deutsche Bank
Paul Puleo is a Managing Director at Deutsche Bank and is Head of the Financial Institutions
Group within Capital Markets and Treasury Solutions for North America (CMTS-NA). Paul’s team
focuses on debt origination, liability management and structured solutions for Insurance
Companies, Regional and Money Center Banks, Finance Companies, Asset Managers and Financial
Technology Companies. He is a member of the CMTS –NA Executive Committee and the Global
FIG Management Committee.
Paul joined Deutsche Bank in 2003 after spending ten years at Lehman Brothers, where he was a
pioneer in the development of structured solutions for Insurance Company risk and capital
management. Earlier in his career Paul worked as a Senior Analyst at Moody’s and as an Audit
Manager at Coopers and Lybrand. Paul graduated from University of Pennsylvania’s Wharton
School in 1987 with a BSE majoring in Accounting and Actuarial Science. He has qualified as a
CPA and an FSA.
Ratings Agency Panel
Kevin Ahern
Managing Director, Financial Services Ratings
S&P
Kevin Ahern is a Managing Director in Standard & Poor’s Financial Services Ratings Group and is
the Analytical Manager of North American Property & Casualty Insurance segment. This team is
responsible for analyzing property & casualty insurance companies, maintaining analytical quality
and global comparability, advancing ratings criteria development, and providing industry
commentary and outlooks.
Prior to this position Kevin was the analytical manager for life/health & mortgage/title insurance
segment responsible for analyzing life, mortgage /title and health insurance companies. Previously,
Kevin was a senior analyst responsible for large and mid-sized life insurance groups in the United
States.
Prior to joining Standard & Poor’s in 1997, Kevin was an analyst with A.M. Best Company, where
he analyzed and managed a portfolio of life insurance companies in the United States and Canada.
Kevin was previously employed at The Prudential, where he handled various financial management
functions specializing in GAAP and statutory financial statement analyses.
Kevin is a graduate of Rowan University with a B.S. in Business Administration.
Andrew Colannino
Vice President, Property / Casualty Ratings
AM Best
Andrew Colannino is a Vice President of the property / casualty ratings division of the A.M. Best
company, an independent insurance information and rating service.
Since joining A.M. Best, Andrew has been responsible for the ratings and reporting for most types
of property / casualty insurers including those that emphasize commercial lines, personal lines and
specialty businesses. Currently, Andrew manages a group within the property / casualty ratings
division that has responsibility for approximately 250 ratings. Andrew is also a standing member of
the rating committees that assign A.M. Best ratings. In addition, he authors articles and special
reports and speaks to industry groups on property / casualty rating and market issues.
In addition to his A.M. Best experience, Andrew was Vice President of Finance and Investor
Relations at Tower Group, Inc., a property / casualty insurer, for one year. Andrew also spent seven
years at Prudential in various accounting and finance positions, including two years at Prudential
Reinsurance Company.
Andrew is a graduate of Rutgers University with a B.A. in Economics and of Seton Hall University
with an M.B.A. in Accounting.
Julie Burke CPA, CFA
Managing Director
Fitch
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 brokers and insurance securitization activities. She is a member of the
insurance rating committee. Previously, Julie was a member of the corporate finance criteria
committee of Fitch’s corporate finance credit policy board, as well as former chair of the
accounting & consistency committee. 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, the Illinois CPA Society and the Association of Insurance
and Financial Analysts. Julie is a certified public accountant and holds the Chartered Financial
Analyst designation.
Scott A. Robinson
Senior Vice President
Moody’s
Mr. Robinson is a Senior Vice President in the Life Insurance Group. His primary responsibilities
include coverage of a number of national life insurers. Mr. Robinson also works on quantitative
modeling and on analyzing structured insurance transactions. Prior to joining Moody’s in 1999, Mr.
Robinson worked in the Investment Policy and Strategy Group of the Trust Company of the West.
Previously he had been with AXA Financial. He holds a degree in economics from Duke University
and a Masters Degree in Actuarial Science from Georgia State University. He is a Fellow of the
Society of Actuaries, a member of the American Academy of Actuaries and a CFA charterholder.
Employing Total Return Strategies in (Re)insurance Panel
Bart Hedges
CEO
Greenlight Re
Bart Hedges has served as Chief Executive Officer of the Company and a director of the Board
since August 2011. Mr. Hedges has also served as a director of GRIL since 2011. Mr. Hedges
previously served as President and Chief Underwriting Officer of Greenlight Re from January 2006
to August 2011. Mr. Hedges has over 20 years of experience in the property and casualty
insurance/reinsurance industry. Prior to joining Greenlight Re, Mr. Hedges served as President and
Chief Operating Officer of Platinum Underwriters Bermuda, Ltd., a property, casualty and finite
risk reinsurer from July 2002 until December 2005, where he was responsible for the initial start-up
of the company and managed the company’s day-to-day operations. Mr. Hedges’ previous
experience includes serving as executive vice president and Chief Operating Officer of Bermuda-
based Scandinavian Re and actuarial consultant at Tillinghast-Towers Perrin. Mr. Hedges received
his B.S. in Mathematics, Computer Science Concentration, from Towson State University in 1987
and is a Fellow of the Casualty Actuarial Society and a member of the American Academy of
Actuaries. The Nominating and Corporate Governance Committee and the Board believe that Mr.
Hedges should serve as a director given his role as Chief Executive Officer of the Company and his
significant insurance and reinsurance experience and expertise.
John Berger
Chairman and CEO
Third Point Re
Mr. Berger is Chairman and CEO and has served in these positions since December 22, 2011. With
effect from March 1, 2015, Mr. Berger also serves as the Chief Executive Officer of Third Point
Reinsurance (USA) Ltd. Until February 28, 2015, Mr. Berger also served as the Chief Underwriting
Officer. Mr. Berger is an insurance industry veteran with over thirty years of experience, the
majority of which was spent as the principal executive officer of three successful reinsurance
companies. Mr. Berger served as Chief Executive Officer, Reinsurance and Vice Chairman of the
Board of Alterra Capital Holdings Limited (previously known as Max Capital Group Ltd.) from
May 2010 until August 2011. He also served as Chairman of Alterra Reinsurance Limited
(previously known as Harbor Point Re Limited), Chief Executive Officer of Alterra Capital
Services Inc. (previously known as Harbor Point Services, Inc.), and as a Director of Alterra
Agency Limited (Harbor Point Agency Limited), New Point III Limited and New Point Re III
Limited. He was the President and Chief Executive Officer of Harbor Point Ltd. from December
2005 until May 2010. From August 1998 to December 2005, he was the Chief Executive Officer
and President of Chubb Re, Inc. From November 1983 to August 1998, he held various positions at
F&G Re, including Chief Executive Officer and President. Following the acquisition of USF&G by
The St. Paul Companies, from April 1998 until August 1998 he served as President of the North
American Treaty operation of St. Paul Re and President of F&G Re. Prior to 1983, Mr. Berger was
an Underwriter at General Re and Prudential Reinsurance. Mr. Berger is a Member of the Board of
Directors of the Reinsurance Association of America. He earned an undergraduate degree in
Economics from Princeton University and an MBA from Rutgers University.
Lixin Zeng
CEO
AlphaCat
Lixin Zeng, Ph.D., CFA serves as Executive Vice President and Chief Executive Officer of
AlphaCat Managers, Ltd. and has played a key role in AlphaCat since its formation in 2008. Prior
to this role, he was Executive Risk Officer of Validus Reinsurance, Ltd., responsible for developing
and executing the catastrophe risk strategy of the entire Validus Group. Mr. Zeng was one of the
original employees at the founding of the Company in 2005. His prior positions include: Chief
Catastrophe Risk Officer at the ACE Group from 2004 to 2005, Head of Development at Willis Re
Inc. from 2001 to 2004, Analyst at EW Blanch Co. from 1998 to 2001 and Research Scientist at
Arkwright Mutual Insurance Co from 1996 to 1998. Mr. Zeng has expertise in insurance portfolio
optimization and risk management and has published multiple articles in professional journals on
related topics. He has a Ph.D. in atmospheric sciences from the University of Washington where he
graduated in 1996. He received a B.S. in Meteorology from Beijing University, graduating in 1990
and is a CFA charter holder.
Insurance Brokers Panel
Andy Watts
CFO
Brown & Brown
Mr. Watts was formerly the global head of customer administration for the financial and risk
division of Thomson Reuters. Mr. Watts worked with Thomson Reuters for more than 12 years. In
his tenure, he has also served as chief financial officer for multiple divisions with the company and
completed numerous acquisitions and divestitures. Prior to joining Thomson Reuters, he was CFO
and co-founder of Textera, a company formed to create a new online marketplace for sale and
distribution of industrial textiles; and also served as a senior manager with PricewaterhouseCoopers
in Florham Park, N.J., Milan, Italy and Chicago. Watts is a certified public accountant and a
graduate of Illinois State University.
David Flandro
Global Head of Strategic Advisory
JTL Re
David Flandro has joined JLT Towers Re as Global Head of strategic Advisory. Prior to this he lead
Guy Carpenter’s Business Intelligence team, where he was responsible for financial analysis of
clients and prospects in support of business development, co-ordination of published research and
the team’s strategic advisory functions. Prior to joining Guy Carpenter, David worked as an equity
analyst at Merrill Lynch covering the European insurance sector. He also worked at Benfield where
he was a credit analyst on the market security team and a member of the Industry Analysis and
Research team. David began his career in securities trading and investment management. He holds
an MBA in financial engineering from the Massachusetts Institute of Technology.
Steve Mariano
CEO
Patriot National
Mr. Mariano is an entrepreneur and businessman with over 20 years of experience in the insurance
and insurance services industries. He founded Strategic Outsourcing Inc., a professional staffing
company with over $1 billion in sales, which was sold to Union Planters Bank (Regions Bank,
NYSE). His success with SOI earned him a finalist position for the prestigious Ernst & Young
Entrepreneur of the Year Award. Mr. Mariano later founded the companies that would comprise
Patriot National, Inc., a diversified provider of workers' compensation and managed care services
including Patriot Underwriters, a national managing general agency, Patriot Risk Services, a
national third party administrator, and Patriot Care Management, a provider of managed care
services.
Mr. Mariano is very active in the south Florida community and is involved in numerous charitable
and development organizations, including the CEO Council of the Greater Fort Lauderdale
Alliance, Broward County's official public/private partnership for economic development.
Association of Insurance and Financial Analysts: 41st Annual Conference
February 28 – March 1, 2016 Naples Grande Beach Resort, Naples, Florida
AIFA 2016 Officers
Kai Pan Erik Bass Charles Sebaski Ryan Krueger President Vice President Secretary Treasurer Morgan Stanley Citigroup BMO Capital Markets KBW
AIFA 2016 Organizers & Board Members:
Will Allen KBW Jay Cohen BofA Merrill Lynch
Craig Elkind
Brian Meredith UBS Securities Meyer Shields KBW
Eric Berg RBC Capital Markets Sean Dargan Macquarie Jay Gelb Barclays Paul Newsome Sandler O’Neill Josh Stirling Bernstein
Todd Bault Citigroup Sarah DeWitt JP Morgan Amit Kumar Macquarie
John O’Brien Neuberger Berman
Seth Weiss Bof A Merrill Lynch
Randy Binner FBR Capital Andrew Edelsberg Kroll Quentin McMillan KBW
Brian Rohman Boston Partners Susan-Spivak Bernstein Argo Group
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Full Name CompanyAdams, Jonathan Bloomberg Intelligence
Ahmed, Shakil HSBC Securities
Allen, Will KBW
Anderson, Chris Franklin Templeton
Anderson, Del PIMCO
Andrich, David AGF
Antushevich, Anna Moody's Investors Service
Argenti, John Gordon Haskett
Arricale, Jeff lord abbett
AuBuchon, Dave
Barnidge, John Sandler O'Neill & Partners
Bass, Erik Citi
Batra, Ajay Sun Life Investment Mangement
Bault, Todd Citi
Bekker, Igor
Bely, Nikita J.P. Morgan Securities LLC
Benson, Gerard Fidelity Investments
Bernstein, Jeffrey Inisght Investment
Beyer, Karen GE Asset Management
Bhullar, Jamminder J.P. Morgan Securities LLC
Binner, Christian FBR
Bloomer, Weston FBR
Bobman, Ronald Capital Returns Management, LLC
Brackett, Jessica Lincoln Financial Group
Braunstein, Seth Dowling & Partners Securities
Broden, Max Norges Bank
Burns, Edward Babson Capital Managment
Busell, Jason Numerus
Byrnes, Ryan Janney
Cagney, Richard KBW
Campbell, Christopher KBW
Campbell, Lygia
Carletti, Matthew JMP Securities
Carmichael, Wesley Piper Jaffray
Cavanagh, Scott APG Asset Management US Inc.
Cha, Sarah Goldman Sachs
Cho, Eric Credit Suisse
Cho, Jeff MFS Investment Management
Christiana, Joseph Dowling & Partners
Cicirelli, Jeffrey Columbia Threadneedle Investments
Clements, Jonathon Goldman Sachs
Cogan, Dennis U.S. Bank
Cohen, Jay Bank of America-Merrill Lynch
Combs, Alex FBR
Copersino, Al Columbia Management
Cornelius, Keith J.P. Morgan
Cox, Matthew Wells Capital Management
Dally, Nigel Morgan Stanley
Daly, Matt Conning Asset Management
Danzig, Alan
Dargan, Sean Macquarie
David, Amrit Barclays
Davidson, Miranda Raymond James
Davis, Gavin Bernstein
Davis, Sally Pope Goldman Sachs Asset Management
de Kock, Barry Denker Capital
Deutsch, Peter Fidelity
Devieux, Lara
DeVries, Andy SunTrust Robinson Humphrey
Dewitt, Sarah JPMorgan
Full Name CompanyDi Carlo, Joseph Logan Circle Partners
Dinnhaupt, Andy Franklin Mutual Advisers
Dolan, Martin Jefferies
Doran, Sarah Allied World
Dutch, Lindsay Bloomberg
Dwelle, Mark RBC Capital Market
Eberle, Lizanne BNY Mellon
Efkeman, Jason UBS
Eibel, James FHLBI
Enderle, Tony OPERS
Farrell, Daniel Piper Jaffray
Federman, Paula Raymond James & Co.
Ferguson, Julia Dowling & Partners
Finter, Landon Fidelity Investments
Fraser, Eric Rothschild Asset Management
Frost, R. Scott Bank of America Merrill Lynch
Gallagher, Thomas Credit Suisse
Gallant, Clifford Nomura Securities International
Gelb, Jay Barclays
Gifford, Alex Citigroup
Giordano, Michelle Neuberger Berman
Giovanni, Christopher Lincoln Financial Group
Glasspiegel, Robert Janney
Gleason, Jacob
Gohil, Chaitanya Morgan Stanley
Gray, Matthew Northern Trust Company
Greely, Sean Monarch Partners
Greenberg, Larry Janney Montgomery Scott
Greenspan, Elyse Wells Fargo
Gribble, Christopher J JP Morgan
Guessford, Wayne KeyBanc Capital Markets
Gupta, Tanmay Morgan Stanley
Gutterman, Ian BAM
Guven, Serhat Willis Towers Watson
Haider, Jawad Barclays
Hall, John Wells Fargo Securities, LLC
Hallett, Michael Endeavour Capital
Halverstadt, Donna Morgan Stanley
Harrington, Michael Centerpoint Capital Management
Harris, Rob RS Investments
Hauff, Robert Wells Fargo Securities
Heagerty, John Atlantic Equities
Hedberg, Andrew
Heleniak, Scott RBC Capital Markets
Herzikoff-Cornell, Jared PRIMECAP Management Co.
Hier, Ben Northern Trust
Hornack, Julia Progressive Insurance
Howlett, Bret Federal Reserve Bank of Boston
Hua, Ying Citadel
Hughes, Mark SunTrust
Hummel, Dana Goldman Sachs
Iardella, Raymond Surveyor Capital
Inglis, Jamie PhiloSmith
Jacobowitz, Alison Bank of America-Merrill Lynch
Jaffray, Dawn UFG Insurance
Jasani, Samyak Goldman Sachs & Co.
Kamath, Suneet UBS
Karp, Andrew Barclays
Kearns, Kevin GENWORTH FINANCIAL
Keenan, Andrea A.M. Best
AIFA CONFERENCE – INVESTORS
Association of Insurance and Financial Analysts: 41st Annual Conference
February 28 – March 1, 2016 Naples Grande Beach Resort, Naples, Florida
AIFA 2016 Officers
Kai Pan Erik Bass Charles Sebaski Ryan Krueger President Vice President Secretary Treasurer Morgan Stanley Citigroup BMO Capital Markets KBW
AIFA 2016 Organizers & Board Members:
Will Allen KBW Jay Cohen BofA Merrill Lynch
Craig Elkind
Brian Meredith UBS Securities Meyer Shields KBW
Eric Berg RBC Capital Markets Sean Dargan Macquarie Jay Gelb Barclays Paul Newsome Sandler O’Neill Josh Stirling Bernstein
Todd Bault Citigroup Sarah DeWitt JP Morgan Amit Kumar Macquarie
John O’Brien Neuberger Berman
Seth Weiss Bof A Merrill Lynch
Randy Binner FBR Capital Andrew Edelsberg Kroll Quentin McMillan KBW
Brian Rohman Boston Partners Susan-Spivak Bernstein Argo Group
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GelbJaysBarclay
Paul NewsomeSandler O’Neill
Josh StirlingBernstein
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JP Morgan
Amit umKeiMacquar
John O’BrienNeuberger Berman
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arm
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snchrill Lyynch
Kroll
McMiniQuentKBW
Brian RohmanBoston Partners
Susan-SpivakArgo Group
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Full Name CompanyKenley, John Galliard Capital Management
Keogh, Michael
Kinar, Yaron Deutsche Banke
Klauber, Adam William Blair & Company
Kovac, Mike Goldman Sachs
Kravec, Tamara NWQ Investment Management
Krueger, Ryan KBW
Kumar, Amit Macquarie Capital
Labbe, Steven Prospector Partners
Lahey, Tim FHLB Chicago
Lee, Humphrey Dowling & Partners
Lee, Kenneth Royal Bank of Canada
Lee, Sue Barclays
L'Heureux, Frederic Caisse de dépot et placement du Québec
Littlejohn, Scott BMO Capital Markets
Liu, Jie Hillhouse Capital Management Ltd
Lizzul, Anna Piper Jaffray
Lu, Crystal Credit Suisse
Malin, Gordon Visium
Maloof, Karla Barclays
Marcin, Karol Dodge & Cox
Mathis, Joel Midwest Holding Inc.
McGann, Ronald JPMorgan
McMillan, Quentin KBW
Meredith, Brian UBS Securities LLC
Mezick, Nicholas KBW
Misquith, Vinay Sterne Agee CRT
Mitchell, David William Blair
Mock, Blake
Mohanraj, Krishna Diamond Hill
Montgomery, David
Moran, Jeff PPM America
Morris, Michael Delaware Investments
Motemaden, David Viking Global Investors
Munoz, Celso Fidelity Investments
Nadel, John Piper Jaffray
Naklicki, James Citi Investment Research
Nannizzi, Michael Goldman Sachs & Co.
Nelson, John Fiduciary Management Associates
Newsome, Jon Paul Sandler O'Neill and Partners
Obaza, Alex
O'Brien, John Neuberger Berman
ODonoghue, Kevin Aviva Investors
Ofsevit, Alec Citadel
O'Hara, Joseph T. Rowe Price Associates
Oliver, Craig Putnam Investments
Orr, Sterling A. Babson Capital Managment
Ossowski, Christopher Global Atlantic
Pamperl, Tracy MetLife
Pan, Kai Morgan Stanley
Panganiban, Maria NYL Investors LLC
Patel, Jigisha Goldman, Sachs & Co
Patten, Randy United Fire Group
Paulsen, John Stonebridge Advisors
Pendleton, Jerry MFS Investment Management
Pensari, Michael BNY Mellon
Peters, Greg Raymond James & Associates
Philbrick, Hunter Hellman & Friedman
Pickering, Thomas Wellington Management
Pinto, Marc Moody's Investors Service
Powell, Roger Janney Montgomery Scott LLC
Full Name CompanyPuleo, Paul Deutsche Bank Securities Inc.
Ramos Martin, Jaime Standard Life Investments
Rawles, Spencer Wells Fargo
Reed, Christopher CUNA Mutual Group
Ring, Laurence GE Asset Management
Roberts, James Centerpoint Capital Management
Robinson, Scott Samlyn Capital
Rohman, Brian Boston Partners
Sabbagh, Hani Viking Global Investors
Schiappa, Andrew Pioneer Investments
Schleimer, Ernst Fidelity Institutional Asset Management
Schwartz, Steven Raymond James & Associates
Sebaski, Charles BMO Capital Markets
Sennott, Jack Alleghany Corporation
Shah, Dhiren Goldman Sachs Asset Management
Shanker, Joshua Deutsche Bank
Sharaf, Joyce Fairfax Financial
Sherman, Clayton
Shields, Edward Philadelphia Financial
Shields, Meyer Keefe, Bruyette & Woods
Siddiqui, Bill Tralucent Asset Management
Singzon, Pablo J.P. Morgan Securities LLC
Smith, Josh TIAA-CREF
Snyder, Pamela Natixis
Soleimani, Arash KBW
Soltz, Ella Macquarie
Sparling, Jeff Vanguard
Spector, Parri SunTrust Robinson Humphrey
Stefano, Philip Deutsche Bank
Steinberg, Marc MetLife
Stewart, Matt FHLB Boston
Stirling, Josh Sanford C. Bernstein & Co.
Suddeth, John Naples Global Advisors
Suri, Pinto Prudential Global Investmen Mgt
Tam, Christopher
Tennant, Seth Citi Research
Terry, Andrew Schroders
Tokheim, Clare Goldman Sachs
Tunis, Ryan Credit Suisse
Vish, Vaibhav Citadel
Viton, Rick Samuel A. Ramirez & Co., Inc.
Walters, Darren U.S. Trust Bank of America
Wegener, Richard Citadel
Weiss, Seth Bank of America-Merrill Lynch
Wenzel, Christopher Carlson Capital, L.P.
Wenzel, William Keefe, Bruyette & Woods, Inc.
Wheeler, Josh Reinhart Partners
Whitehead, Tom NWQ Investment Management
Williams, Edward Capital Returns Management
Wilson, Samuel BlackRock
Wilt, William Gordon Haskett Research Advisors
Wong, Timothy AllianceBernstein
Worley, Christine JMP Securities
Zahn, Marcus Wells Fargo Asset Management
Zaremski, Mike Balyasny
Zhang, Lei Hillhouse Capital Management Limited
Zhang, Yiwen Fidelity International
Zheng, Chaodan Morgan Stanley
Ziegler, Justin Eaton Vance Management
Zimmermann, Alan Assured Research/Gordon Haskett
Zucker, Jason Everpoint
AIFA CONFERENCE – INVESTORS
Full Name CompanyAbbey, Jared Morgan Stanley
Addesso, Dominic Everest Re Group, Ltd.
Arita, Darin Voya
Auden, Jim Fitch Ratings
Auvil, Adam CNO Financial Group, Inc
Beaulieu, Martin Intact Financial Corporation
Benchimol, Albert AXIS Capital
Berg, Eric RBC Capital Markets
Berger, John Third Point Re
Bernstein, Susan Spivak Argo Group International Holdings Ltd.
Bombara, Beth The Hartford Financial Services Group
Bonach, Edward CNO Financial Group, Inc.
Bradley, Thomas Allied World Assurance Company
Brahin, Philippe Swiss Re
Bredahl, Rob Third Point Re
Brown, Thomas RLI
Bullock, Jay Argo Group
Burke, Julie Fitch Ratings
Caldwell, Bill Horace Mann
Cheung, Samantha Intact Financial Corporation
Colannino, Andrew A.M. Best
Coleman, Chris Third Point Re
Consolino, Joseph E. American Financial Group, Inc.
Costikyan, Louise Aegon Transamerica
Crawford, Fred
Creagh-Coen, Jonny Lancashire Insurance Company
DiBerardino, Jennifer Selective Insurance Group, Inc.
Dirks, Douglas Employers Holdings, Inc.
Doughty, Michael John Hancock Insurance
Douglas, Charles METLIFE
Dunmore, Dafina Fitch Ratings
Dutt, Aditya RenissanceRe Holdings Ltd
Edelsberg, Andrew Kroll Bond Rating Agency
Egan, John Principal Financial Group
Eleftheriou, Terry Employers Holdings, Inc.
Evans, Dean National General Holdings Corp.
Farley, Kevin Principal Financial Group
Farrell, Breege Unum
Farrell, Elizabeth Everest Re Group, Ltd
Fields, Noah Maiden Holdings
Finkelstein, Mark Prudential Financial
Fuller, Will Lincoln Financial Group
Goldstein, Amanda Kingstone Companies, Inc.
Goldstein, Barry Kingstone Companies, Inc.
Greenier, Ryan Horace Mann
Grensteiner, Ronald American Equity Investment Life Holding Company
Haddad, Judith Patriot Technology Solutions, Inc.
Hallman, Dwayne Horace Mann
Harris, David
Hedges, Bart Greenlight Re
Helding, Erik CNO Financial Group, Inc.
Hellman, Jeremy The Equity Group Inc.
Henry, Joseph AXIS Capital
Hickert-Hill, Diana Kemper Corporation
Hicks, Weston Alleghany Corporation
Hill, John 1347 Property Insurance Holdings, Inc.
Hopson, Jeff RGA
Howie, Craig Everest Reinsurance
Hunter, Miranda Validus Holdings, Ltd.
Iordanou, Dinos
Full Name CompanyIstwan, Brad Fitch Ratings
Jacoby, Aaron RLI
Johnson, Brion HIMCO
Johnson, Eric CNO Financial Group
Johnson, Ted American Equity Investment Life Holding Company
Kelly, Jeffrey RenissanceRe Holdings Ltd
Kenigsberg, Daniel Manulife Financial Corp.
Kieser, Kathryn Primerica, Inc.
Lacher, Joseph Kemper Corporation
LaFollette, Julie American Equity Investment Life Holding Company
Laudato, Anthony Hannover Re
Lavey, Richard The Hanover Insurance Group
Lay, Jack RGA
Lindner III, Carl H. American Financial Group, Inc.
Lindner, S. Craig American Financial Group, Inc.
Lorenzen, Jeff American Equity Investment Life Holding Company
Lucker, John Deloitte
Lukasheva, Oksana The Hanover Insurance Group
Lydecker, Charlie Brown & Brown, Inc.
Lyons, Mark Arch Capital
MacLean, Brian Travelers
Malone, Elizabeth AmTrust Financial Services, Inc.
Marchioni, John Selective Insurance Group Inc.
Marcotte, Louis Intact Financial Corporation
Mariano, Steven Patriot National, Inc.
Matovina, John American Equity Investment Life Holding Company
Matson, Angela Aegon Transamerica
McGavick, Mike XL Group Plc
McGivney, Mark
McGuire, Michael Endurance Specialty Holdings Ltd.
Meyer, Douglas Fitch Ratings
Mills, Vicki Employers Holdings, Inc.
Mitchell, Stephen Unum
Murphy, Conor MetLife
Nawi, Gabriella Travelers
Nichols, Jay AXIS Capital
Nickele, Christopher CNO Financial Group, Inc.
Niles, Kristi Horace Mann
ONeil, Frank ProAssurance
Pahl, Amy Milliman, Inc.
Pai, Rohan RenissanceRe Holdings Ltd
Pipoly, Ronald AmTrust
Porrino, Peter XL Group
Prior, Adam The Equity Group Inc.
Purtill, Sabra The Hartford Financial Services Group
Radulski, David XL Catlin
Rand, Edward ProAssurance
Raschbaum, Art Maiden Holdings
Raucy, Doug 1347 Property Insurance Holdings, Inc.
Robinson, Scott Moody's Investors Service
Roche, John The Hanover Insurance Group
Roney, Brian Conifer Holdings, Inc.
Rourke, Sean The Hartford Financial Services Group
Sangster, Jeff Validus Holdings, Ltd.
Schmitt, Karen Maiden Holdings, Ltd.
Schroeter, Greg Endurance Specialty Holdings
Sheehan, Dan Genworth
Shields, Tom Patriot National, Inc.
Smith, Eric Swiss Re
Sodaro, Frank Kemper Corporation
AIFA CONFERENCE – SPONSORS AND PANELISTS
Full Name CompanySpadorcia, Doreen Travelers
Spehar, Edward METLIFE
Starnes, Stan ProAssurance
Stonehocker, Tim Ameritas
Thatcher, Dale Selective Insurance Group Inc.
Ursano, Antonio TigerRisk Partners
van Katwijk, Michiel Aegon Transamerica
Ventresca, Linda AXIS Capital
Vollaro, John
Waldeck, Philip Prudential Financial
Walsh, Keith
Watson, Donald Arch Capital
Watts, Andrew Brown & Brown
Weidema, Jan Willem Aegon
Full Name CompanyWeidner, Diane American Financial Group, Inc.
Weiner, Mike National General
Wheeler, David RGA
White, Thomas Unum
Wilcox, Mark RenissanceRe Holdings Ltd
Wilkey, Robin Aflac Incorporated
Williams, Glenn Primerica, Inc.
Wilson, Peter AXIS Capital
Wollney, Scott Atlas Financial Holdings, Inc.
Young, David Aflac
Zeng, Lixin AlphaCat Managers
Zhang, Mei Allied World
Zuraitis, Marita Horace Mann
AIFA CONFERENCE – SPONSORS AND PANELISTS
LOBB
Y
SEA
GAT
E
TOW
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227127
228128
120 119
226126
225125 224
124
223123
222122
221121
217117
218118
215115
216116
113 114
108 107
201101
202102
212112
211111 210
110
209109
205105
206106
203103
204104
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SELF PARKING
– NOTES –
– NOTES –