Tom Grondin was appointed Chief Risk Officer of Aegon N.V. in August 2003. His current responsibilities include managing the risk and compliance functions and Aegon’s internal risk structuring and transfer unit. In this role, Tom is responsible for the development and oversight of Aegon's Enterprise Risk Management framework and internal Economic Framework. The Economic Framework has helped guide Aegon's risk and business strategy over the years. Tom joined Aegon in 2000 as Director of Product Development and Risk Management and was later promoted to Chief Actuary of Aegon USA's Institutional Markets operating unit. As Chief Actuary, he had overall responsibility for pricing, profitability and risk management for the business. Prior to joining Aegon, Tom was employed as a consultant at Tillinghast-Towers Perrin, and before that as an Asset/Liability manager at Manulife Financial.
Sue Kean was appointed to the Executive Committee of Old Mutual Group Plc, in January 2012 as the Chief Risk Officer for the Group. Old Mutual is a FTSE 100 financial conglomerate, operating in South Africa, Europe, the US and a growing emerging markets business, with particular focus on Africa. Sue is a Chartered Accountant, with nearly 30 years’ experience in insurance and financial services. After several years with PwC in a variety of audit and consultancy roles, she worked for the regulator (FSA) shortly after it was first established. She then held a series of senior risk and capital management roles in Aviva, Insurance Australia Group and Friends Provident before joining Old Mutual. Throughout her career Sue has also been active in a number of industry bodies most notably the European CRO Forum and the European insurance trade bodies. She also maintains close links to her former regulatory colleagues through the various European and international regulatory bodies.
Jan Parner is Deputy Director General at Finanstilsynet. From 2001 to 2008, Jan worked in different roles, lastly as chief actuary, in the Scandinavian part of Royal Sun Alliance. He joined the Danish Financial Supervisory Authority in 2008 in the role as Deputy Director General and is responsible for supervision and regulation of the areas of insurance, pensions, financial reporting and auditing. Jan has chaired the EIOPA IGSRR working group from 2009 to 2012 and is the Danish member of the Board of Supervisors of EIOPA. He is also a member of the Management Board of EIOPA since January 2011 and a member of EIOPA mediation panel since November 2012. Jan read actuarial science at University of Copenhagen and has achieved a Ph.D. in biostatistics.
Alex is Chief Risk Officer and a member of the Executive Committee at Just Retirement, a company specialising in income and mortgage solutions for people at and near retirement. A qualified actuary, he has spent 25 years in various financial services companies including Old Mutual, Lehman Brothers and Swiss Re. In addition to risk management, Alex has experience in strategy, mergers and acquisitions, treasury and capital management, structured finance and reinsurance. He also has a keen interest in the culture of organisations, and the impact of that on performance and risk management. Alex holds a degree in Actuarial Mathematics and Statistics from Heriot Watt University.
Kathryn Morgan is Director of Regulatory Operations at the Gibraltar Financial Services Commission, where she oversees the Commission’s supervision and authorisation activity. She joined the FSC in 2014, after a seven year spell at the Prudential Regulation Authority (previously Financial Services Authority) in the UK where she worked on policy development for Solvency II and, more recently, supervising insurance companies. Kathryn is a Fellow of the Institute of Actuaries and a Chartered Enterprise Risk Actuary, and was elected to the Council of the Institute and Faculty of Actuaries in 2013. She previously was an appointed board member of the Casualty Actuarial Society. Kathryn has contributed to several research papers on insurance and risk, and was recently presented with an outstanding contribution award from the UK actuarial profession.
Jarl Kure is Solvency II Guidelines Project Leader at EIOPA. Jarl has worked as a supervisor for over 20 years and is a principal expert within the Frankfurt based EIOPA for almost 5 years. His responsibilities within EIOPA includes supervisory oversight. Previously Jar was project lead on the Preparatory Guidelines on Solvency II and coordinating EIOPA Financial Stability area, including Stress testing and relationship with the European Systemic Risk Board. Before, he worked for the Danish Financial Supervisory Authority. Here Jarl was mission chief to Danish Insurance companies and in charge of developing standards and procedures for the Supervisory Review Process. He has also worked for IMF as a technical advisor to the Central Bank of Trinidad and Tobago.
Andrew Pryde was appointed Beazley’s Chief Risk Officer in January 2011 and is a member of the Executive Committee. Andrew joined Beazley as Group Actuary in 2005 and was responsible for all aspects of actuarial advice to the Group. Prior to that, Andrew was an actuarial consultant providing advice to a range of Lloyd's and international clients. Andrew is an Affiliate of the Institute of Risk Management and a Fellow of the Institute of Actuaries.
Joined the Swedish FSA in February 2011 to work on Solvency II internal models. He became Head of Division Insurance Risks in January 2012 and subsequently Director for Insurance Risk Supervision in April 2014. I currently hold this position. Prior to joining the Swedish FSA worked as ALM actuary at AFA Insurance, Swedens largest Health insurer, 2006-2011. Holds a Licentiate of Engineering in Numerical Analysis and a MSc degree in Scientific Computing.
John’s career spans 40 years in Financial Services. He spent 35 years at Lloyds and Nationwide leading major divisions in Payment Services, the Retail Branch Network, Back Office Operations and Technology culminating in appointment as Executive Director Sales & Marketing in 2006. During 2009 he was a Special Adviser in the Bank of England’s Special Resolution Unit and in 2010 became CEO of the loss making Stroud and Swindon Building Society steering it into the safe harbour of a merger with a bigger firm. In 2011 he became a Senior Adviser at the Financial Services Authority. In 2012 he was seconded to the Parliamentary Commission on Banking Standards. John returned from the Commission in July 2013 and is now a Senior Adviser at the Bank of England working for the Deputy Governor Prudential Regulation. John is closely involved in the supervision of major banks and insurers. In addition to work at the Bank John regularly speaks in the UK and abroad on leadership and risk management. He is an Honorary Fellow of the University of Exeter Business School where he achieved an MBA and an MA in Leadership Studies.
Stephen Wilcox is the Chief Risk Officer for Allianz UK. He was appointed by the company in November 2010, and his appointment was confirmed by the FSA in February 2011. Apart from oversight of risk within the UK group Stephen is also responsible for the UK programme implementing Solvency II, a role he shared in his previous job as Risk Actuary. He started his career with Allianz in 1996 as an actuarial trainee, working mainly in private car business. He had a sideline in marine reserving, where he quickly learnt that mathematical models are useful but cannot tell you everything. He qualified as an actuary (FIA) in 2000, and spent a number of years supporting mid-corporate commercial lines, undertaking reserving, planning and pricing projects. In 2006 he was invited to set up a team to develop an internal model that met the requirements of the FSA’s ICA regime. In 2014 he received the CERA (Chartered Enterprise Risk Actuary) qualification. He currently chairs the Institute and Faculty of Actuaries’ CRO group, and represents that group on the actuarial profession’s Risk Management Board.
Tom is the Chief Risk Officer for Allianz Group, responsible for global risk controlling and risk management policies and guidelines. Prior to joining Allianz in 2008, Tom was the Chief Risk Officer for ING's global insurance operations. Prior to joining ING in 2005, Tom was the Global Head, Finance & Risk Practice at Oliver Wyman & Company (OWC), a consulting firm specializing in serving financial services firms in risk, strategy and organization. Prior to joining OWC in 2002, Tom was the CFO & CRO for Swiss Re New Markets (SRNM), responsible for the risk management, financial / management reporting, treasury and back-office operations for the alternative risk transfer and capital markets activities of Swiss Re. Prior to joining SRNM in 1998, Tom was the Global Head, Risk Management Practice, at McKinsey & Company. Tom has spent most of hisprofessional career in Europe, having lived and worked in Munich, Amsterdam, New York, London and Zurich. Tom earned his BSc in Business Administration with honours from the University of California at Berkeley and his PhD in Economics from Stanford University.
Anglea Darlington is the Chief Risk Officer for Aviva’s Life business in the UK, having taken up this appointment in June 2012. Prior to becoming CRO she was Interim CFO for Aviva UK Life from April to May 2012 and Chief Actuary for Aviva UK Life from May 2009 to April 2012. In this role, she was the Actuarial Function Holder and also responsible for Investment Governance, ALM, WP Governance, Actuarial developments and the Actuarial Existing Business team.
Didier Sornette is the author 500+ research papers and 7 books. Prof. D. Sornette's research is based on the hypothesis that most extreme risks (and gains) are ``dragon-kings'', that is, they almost always result from maturations and drifts towards a critical instability, with measurable precursors either at the technical and/or socio-economic levels. Didier Sornette uses rigorous data-driven mathematical statistical analysis combined with nonlinear multi-variable dynamical models including positive and negative feedbacks. In 2008, he launched the Financial Crisis Observatory to test the hypothesis that financial bubbles can be diagnosed in real-time and their termination can be predicted probabilistically.
Eric Chaney is chief economist for the AXA Group since 2008. His mission is to provide a vision on the most likely scenarios for the global economy in the medium to long term, as well as an assessment of the main macroeconomic risks, for the group and its main entities. Within AXA Investment Managers, Eric leads the Research and Investment Strategy team and promotes a multidisciplinary approach of Research, directed toward helping investment decision. Eric launched the AXA IM Annual Symposium in 2010, which has featured prominent speakers such as Stephen Roach, Francesco Giavazzi, Jacques de Larosière, Charles Goodhart, Sushil Wadhwani, P.O. Gourinchas, Stephen Li Jen, Thomas Huertas, Richard Koo, Tim Tacchi, Thomas Kirkwood, Vincent Reinhart, Sir John Scarlett. From 2000 to 2008, Eric Chaney was Chief economist for Europe at Morgan Stanley, which he had joined in 1995. Previously, he headed the economic forecasting unit of the French statistical office (INSEE). Before that, he was responsible for global forecasts and analysis at the French Treasury. He has been associate professor at the French School of Administration (ENA) and member of the French Tax Council. He is member of the French Economic Council of the Nation, which advises the Minister of finances.He sits on the Scientific boards of the AXA Research Fund and of the Autorité des marchés financiers (AMF), the French financial market watchdog. Since 2014, he is Vice-Chairman of the Board of IHES (Institut des Hautes Etudes Scientifiques). A former professor of Mathematics and editor of a mathematical journal of the University of Strasbourg, Eric also holds a Master’s Degree in economics and econometrics from the Paris Graduate School of Economics, Statistics and Finance (ENSAE ParisTech).
Prof. Karel VAN HULLE lectures at the Economics and Business Faculty of the KU Leuven and at the Economics Faculty of the Goethe University in Frankfurt where he is attached to the International Centre for Insurance Regulation. He is a member of the Insurance and Reinsurance Stakeholder Group of EIOPA, a member of the Public Interest Oversight Board and the Chairman of the Conflicts of Interests Committee of the European Money Markets Institute. He served as Head of Insurance and Pensions at the European Commission until 1 March 2013, where his main task was the development of the new risk based solvency capital regime for (re) insurers (Solvency II). In that capacity, he represented the EC within EIOPA and was a member of the Technical Committee of the IAIS. He joined the EC in 1984 after spending 8 years with the Belgian Banking Commission. Before becoming Head of Insurance and Pensions in 2004, he was responsible at the EC for Accounting, Auditing and Company Law.
Cathy Hampson is the Regional Head of Operational Risk Management for Europe and Asia for AIG Asset Management (Europe) Limited, London. Cathy joined AIG in 2013 from Morgan Stanley, where she was responsible for the global Sarbanes-Oxley program and the Finance Operational Risk department. Cathy has extensive experience in Operational Risk Management across all asset classes and has also held previous roles at Barclays Global Investors and Chase Manhattan. In addition to being a founder developer of the Corporate Operational Risk framework in her previous role, she has also held roles in Securities Lending Trading, Operations, IT, Finance and Compliance and Project Management. Cathy graduated in Fuel and Energy Engineering/Management Studies from Leeds University, holds an MBA from the London Business School, is a Fellow of the Chartered Association of Certified Accountants and is involved in the examination setting for the Advanced Operational Risk Examination of the Chartered Institute of the Securities and Investments Institute.
Laszlo Hrabovszki studied Mechanical Engineering at the University of Penza (Soviet Union) and graduated in 1985 before starting his career as Chief Engineer in the Hungarian Army. He joined the Winterthur Life in Switzerland in 1991, working there as an Actuary and Key Account Manager CEE. In 2000 he became Central Site Leader at Credit Suisse Life & Pensions in Hong Kong, before joining PartnerRe in Switzerland in 2001 as Client Partner for Life & Health CEE & SEE. Laszlo Hrabovszki has been working for Generali Deutschland Holding AG 2003 - 2013 in charge of the Group Chief Life & Health Actuary in addition to being a member of the Supervisory Board of Generali Deutschland Pensionskasse and Generali Sicav Luxemburg. Since April 2013 he is a Member of the Board of the Generali Deutschland Pensor Pensionsfonds AG and Head of the Actuarial Department Generali Lebensversicherung. He is Member of Investment and Financial Accounting & Solvency Committees of German Actuarial Association. A qualified actuary and member of the actuarial associations in Germany, Hungary, Switzerland, the Czech Republic and Austria.
Periklis is a graduate from the London School of Economics, a Chartered Financial Analyst (CFA) and an accredited Financial Risk Manager (FRM). His experience transcends finance, risk, capital management and strategy for financial institutions (banks and insurance firms) across Europe, North America and Africa. Key areas of expertise include financial risk and regulation (Solvency, Basel), financial planning and risk forecasting, value based management, stress testing, capital management, counterparty credit risk, securitisation and structured products. Periklis is an active contributor to international conferences, research projects and publications. Entrepreneurially, he has been the founder of two successful firms in financial services consulting, and of two (less successful) firms in the retail and tourism fields. Periklis was previously with the department of Computational and Applied Mathematics at the University of the Witwatersrand in South Africa. Currently, he is researching “the intended and unintended consequences of cross-industry (banking and insurance) financial regulation” at IE Business School in Madrid, Spain.
Joseph Lu is Mortality The Risk Actuary and The Head of Longevity Risk Team at Legal & General. He heads a multidisciplinary team of actuaries, statisticians, scientists and programmers to manage longevity risks for various insurance products including individual annuities, pensions buyout and longevity swaps. His team is responsible for future longevity projection for the pricing and capital requirements at Legal & General. He has a bio-medical background before becoming an actuary. He is active in research & development with the Actuarial Profession. He is co-author of two prize-winning papers (Best Sessional Paper Award) presented to the Institute of Actuaries.
Prior to her current role, Aurore Lecanon is Group Head of ALM at Old Mutual with oversight responsibility for asset liability management across the Group. She joined in December 2012 from the Aviva Group ALM team where she was responsible for implementing better asset allocation decisions and financial risk management processes across the Group with a view to optimise risk-adjusted returns and mitigate balance sheet volatility. Prior to that, Aurore worked at Credit Suisse where she covered large UK insurance companies within the Insurance & Pensions Solutions team and at Société Générale in London where she focused on structuring insurance-linked financing and risk transfers. Aurore started her career in Aviva France before joining the Group in London in 2003 where she worked in a number of roles across the Treasury, Capital and Risk Management areas. Aurore is a graduate of the Ecole Polytechnique in France and holds Masters in Stochastic Mathematics and Financial Engineering from Princeton University and the University of Paris VI.
Seamus Creedon is a non-executive director at life, non-life and health insurance and reinsurance companies in the UK and Ireland and is also a member of the insurance and reinsurance stakeholder group of EIOPA. He was a partner of KPMG in London, where he led the actuarial practice. He has been involved with Solvency II since 2001 and is a regular speaker on actuarial, risk and governance matters.
Tobias Buecheler manages the Solvency II project for Allianz Group and is also responsible for the internal model application process with relevant Supervisors. Prior to this he held several senior finance positions within the Allianz Group including roles as Chief Investment Officer of Allianz Australia and Risk Coverage Officer for the Asset Management and Banking segments at Allianz SE. Before joining Allianz he was associated with JP Morgan Asset Management. He holds a degree in economics from the University of St. Gallen.
Sylvie Focquet is Head of Solvency II Governance and Validation in the Risk Management disison of AXA Belgium.
Michael van Wegen is a Director within the European insurance equity research team at BofA Merrill Lynch Global Research. Based in London, van Wegen covers Continental European life and non-life stocks including such names as AEGON, AGEAS, Delta Lloyd, Generali, ING, Mapfre, Swiss Life, Vienna Insurance Group and Zurich Insurance Group. His team was ranked #1 for insurance in Institutional Investor’s 2012 survey, and #2 in the 2013 Thomson Reuters Extel Survey for insurance. Prior to joining BofA Merrill Lynch Global Research in 2010, van Wegen was the UK and Benelux life analyst at Societe Generale. He has also worked as an equity analyst at Fortis, analysing the Benelux banking and insurance companies. Van Wegen holds a Master’s degree in International Financial Economics from Vrije Universiteit, Amsterdam.
Gaynore is Actuarial and Risk Director of Canopius Managing Agents Ltd, where she heads a team providing leading edge pricing, capital and reserving to support the business incorporating best practice methodologies as standard. She has worked in the insurance market for over 20 years. She was a founder member of CALM (Committee of Actuaries in the Lloyd’s Market) and a previous Senior Examiner for the Institute of Actuaries. She has contributed to a number of working parties including the Reinsurance Bad Debt which forms part of the Lloyd’s valuation of liabilities guidance. She currently sits on the Lloyd’s Practising Certificate Panel.
Sue Atkinson started her career as a bursary student with Hannover Re Group in South Africa. She spent eleven years in the Corporate Actuarial team of the life reassurance company, but in 2011 moved across to the role of Chief Risk Officer for the local Group, where she is responsible for risk management of the life and non-life reinsurance companies, the primary non-life insurer, and the strategic investments company. She is a qualified actuary and CERA.
Andrew Cairns is Professor of Financial Mathematics at Heriot-Watt University and Director of the Actuarial Research Centre. He is a world-renowned expert on the modelling, measurement and management of longevity risk and has published widely on the subject. Current research includes basis-risk measurement and modelling and understanding errors in exposures data.
Wikus Luus joined Hollard in July 2012 as the Chief Risk Officer and member of the EXCO. He is responsible for Risk Management and Compliance Functions across both of Hollard's main long and short term insurance licenses as well as Group. Previous employment includes Liberty Life (large SA based life insurer) and PricewaterhouseCoopers (8 years of which 5 in London). He has a BCom (Hons), is a FIA (Fellow of the Institute of Actuaries) and a FASSA (Fellow of the Actuarial Society of South Africa).
Andrés Portilla is the Director of the Regulatory Affairs Department at the IIF. This department covers a wide range of issues, including topics related to prudential standards for insurance companies, systemic risk and resolution as well as spearheading dialogue with international regulators and policy makers. Mr. Portilla has over 18 years of experience on financial regulatory issues. In his native country, Colombia, he occupied positions in the regulatory affairs departments at the national Banking Association as well as commercial financial institutions. He also practiced law and holds a JD and a Specialized Degree on banking Law from University of Rosario in Colombia, a Masters in Comparative Law LL.M from the Pennsylvania State University in the US and a MBA from Bocconi University in Italy.
Justin is Director of Risk and Solvency 2 lead at Just Retirement. His present role is to lead Solvency 2 implementation across the business, having previously led the design, build, implementation and embedding of Just Retirement’s Risk Operating Model. He has been a Director ORIC International since 2006, after having assisted in its creation and launch. ORIC International is the leading international consortium engaged in the advancement of operational risk management and measurement, including collecting, standardising and reporting operational risk loss data for insurance, reinsurance and asset management. Justin was elected Deputy Chair in December 2012. Justin has over 10 years experience in risk management. Prior to his appointment at Just Retirement, Justin worked at Friends Provident for 7 1/2 years, where he jointly led the project to build Friends Provident's first Economic Capital Model and designed and built their ERM framework. For the last two years there he was Group Head of Risk, responsible for risk management across the Group. Alongside this, Justin was a Pension Scheme Trustee Director and Chair of the Pension Scheme Investment Sub Committee. Justin is a Fellow of the Institute of Chartered Accountants in England and Wales.
Iain Baker is Chief Actuary of NFU Mutual.
Caroline joined ORIC in January 2012. She has over 10 years’ experience in operational risk; specialising in framework development, benchmarking and assurance provision. Caroline has considerable practical experience in operational risk management and measurement, having designed, developed and implemented group policies and approaches to support regulatory capital calculation; including scenario assessment and loss data collection. She has conducted extensive research into the use of external data sources to manage and quantify risk. Caroline is a Fellow of the Institute of Risk Management.
Raj Singh is CRO at Standard Life. Raj Singh was appointed Chief Risk Officer in January 2013. He is responsible for developing strategies to manage financial, strategic and operational risk across the Standard Life group. Before joining Standard Life, Mr Singh had acquired extensive experience in financial services worldwide. In 2011 he established advisory firm Accredere AG in Switzerland, advising financial institutions on capital, risk, and merger and acquisition issues, and remains a non-Executive Board member. From 2007 to 2011, Raj was Group Chief Risk Officer at Swiss Re Insurance Company Ltd in Switzerland, where he was also a member of the Executive Board and Committee. Before this, he was Group Chief Risk Officer at Allianz SE in Germany, a position he held from 2002.
Peter has held various senior positions at Swiss Re, including Chief Actuary of the Financial Services Business Group from 2001-2005, Head of Product Strategy from 2005-2010, and since 2010 Head of Risk Modeling, responsible for Swiss Re's internal capital model. Peter is a Fellow of the Swiss Actuarial Association ("Actuary SAA") and a CFA Charterholder. He was born in Budapest, Hungary and studied Mathematics at ETH Zurich (PhD in 1994).
Ronan Davit has been working in the financial services for the last 16 years either in
banks and insurance. He has occupied several positions in risk management, actuary and finance. After having been 5 years CFO in EH Italian legal entity, he is the current CRO of EH and its main insurance subsidiary EH SA.
Colin Ledlie is Investment Solutions Director at Standard Life Investments leading the development of the company’s liability aware proposition. Immediately prior to this Colin was on secondment to the Financial Conduct Authority as a Special Advisor in the Supervision Division where he worked for the first 9 months of the new regulator’s life. Previously Colin was Group Chief Risk Officer at Standard Life where he had responsibility for risk management, compliance and actuarial activities across the Standard Life Group. Colin held the roles of Appointed Actuary, With Profits Actuary and Managing Director (Actuarial) at Standard Life between 2003 and 2006 and was closely involved with all actuarial aspects of the company’s demutualisation in 2006.
Markku Miettinen (FASF, Ph.D. in Applied Mathematics) is the CRO of the localTapiola Group. He has a long experience in both actuarial and risk management work in insurance business. He is responsible for the Solvency II implementation project of the LocalTapiola Group. He has also been a member of Solvency II working groups of the Actuarial Association of Europe and the Association of Mutual Insurers and Insurance Cooperatives in Europe