Faculty

Ellen Cooper, FSA, CFA
Managing Director
Global Insurance Asset Management Group
Goldman Sachs Asset Management


Ellen is the global head of insurance strategy in Goldman Sachs Asset Management's Global Insurance Group. This business provides asset management solutions for insurance companies seeking to outsource the management of their balance sheet assets including traditional fixed income and alternative asset classes. In this role, she is   responsible for partnering with clients to incorporate their specific financial, risk and regulatory objectives into the development of investment programs and solutions that meet client specific needs. Ellen joined Goldman Sachs as a managing director in 2008.

Previously, Ellen was the chief risk officer at AEGON USA, where she led the implementation of the firm’s enterprise risk management framework, risk reporting, economic capital modeling and other key functions. Prior to AEGON, Ellen worked at Ernst & Young, where she was a Principal of the Insurance and Actuarial Advisory Services. As a leader of this business, she was responsible for growing a consulting practice for major insurance companies, advising them on business issues such as risk and capital management, variable annuity pricing and hedging, ALM/financial modeling, economic and risk based capital, credit risk analysis. Prior to Ernst & Young, she was a Life Consultant at Towers Perrin and an ALM modeling Actuary at American Life Insurance Company. Ellen began her career as an Actuarial Analyst at Provident Mutual Insurance Company and at United Pacific Life Insurance Company. She joins GSAM with over 20 years of insurance industry experience.

Ellen earned a Bachelor of Business Administration degree in Actuarial Science from Temple University in 1985, holds
various actuarial designations, is a fellow of the Society of Actuaries (FSA) and is a CFA charterholder.

Terri Dalenta,
EVP, Risk and Actuarial
Aviva North America


Terri is responsible for risk and actuarial at Aviva North America, part of Aviva plc, the 5th largest insurer in the world. Aviva North America currently includes Aviva USA, the number one writer of indexed annuities in the US, and Aviva Canada, the second largest writer of property and casualty insurance in Canada.

Terri joined Aviva from Deloitte where she consulted on risk management as well as claims performance for a year. Prior to that Terri worked in the insurance industry for 20 years. She has served as the Senior Vice President for Claims, Chief Risk Officer, Chief Actuary, and Personal Lines Chief Product Officer. Terri’s industry experience includes Safeco Insurance, Travelers Property Casualty and Aetna Life and Casualty.

Terri holds a B.S. in Mathematics & a B.A. in Speech & Drama from Southwestern College in Winfield, Kansas. She is a Fellow of the Casualty Actuarial Society, a Member of the American Academy of Actuaries, and a Society of Actuaries Certified Enterprise Risk Analyst.

Tracey A. Dedrick
Senior Vice President, Corporate Risk Management
MetLife

Tracey A. Dedrick is senior vice president and head of market risk in Corporate Risk Management for MetLife, Inc. In this role, she measures, monitors and control's the company’s exposure to risks related to interest rates, equity markets, foreign exchange and commodities. She was appointed to this position in September 2007.

Prior to her current position, Tracey ran Investor Relations where she managed the relationships with buy-side and sell-side analysts along with institutional and retail investors. She was appointed to this position in June 2004.   Prior to this Tracey was assistant treasurer in charge of the capital and corporate finance department within the corporate treasury department of MetLife. In this role, Tracey was responsible for managing the enterprise’s capital planning, allocation and financing strategy as well as managing rating agency relationships. She was also responsible for maintaining sufficient liquidity to support the continued solvency of the MetLife enterprise and the profitable operation of its core businesses.

Tracey joined MetLife in 2001 from AXA Financial, where she was assistant treasurer. In additional to capital management, at AXA she was responsible for merger & acquisitions analysis and participated in the purchase of Sanford Bernstein, the sale of Donaldson Lufkin & Jenrette and the merger with AXA Group Paris. She has an extensive background in liquidity and interest rate risk management.

Tracey began her career with First Bank Minneapolis in their Treasury group where she acquired extensive experience in all aspects of bank funding and asset liability management. She was the first person in U.S. banking history to receive permission from the Office of the Comptroller of the Currency to trade financial futures.

Tracey received a B.A. from the University of Minnesota and attended the Edwin L. Cox School of Management at Southern Methodist University.


Todd Erkis
Americas Leader for Financial and Regulatory Reporting
Towers Perrin


Mr. Erkis joined the Tillinghast insurance consulting business of Towers Perrin in September 2007 as the Americas Leader for Financial and Regulatory Reporting and is leading the Philadelphia Life Office.

Prior to joining Towers Perrin, Mr. Erkis was the Chief Actuary and Corporate Risk Officer at the Lincoln Financial Group. In this role, he was responsible for the calculation of all statutory, GAAP, and tax reserves and actuarial items and reviewed all life and annuity new products from a profitability and risk management perspective. He was also a member of Lincoln’s mergers and acquisitions team, helped lead the building of their variable annuity hedging program, led enterprise risk management activities for Lincoln and was the chair of Lincoln’s Risk Committee.



Ian Farr
Principal
Towers Perrin


Mr. Farr is a consultant with the Tillinghast business of Towers Perrin in the firm’s London office and specializes in consulting to UK and European multinationals in the areas of economic capital and economic value. He has assumed a lead role in developing and rolling out economic capital frameworks for several such clients, covering their life and P&C businesses in Europe, the U.S. and Asia. Mr. Farr also advises a number of multinationals in relation to their embedded value reporting, including the developments needed to comply with the European embedded value principles.

Mr. Farr joined Tillinghast directly after university, working for three years in the employee benefits section prior to joining the life insurance practice.

Martin Grace
James S. Kemper Professor of Risk Management
Georgia State University

Martin F. Grace is Associate Director and Research Associate of the Center for Risk Management and Insurance Research. Dr. Grace's research has been published in various journals in economics and insurance concerning the economics and public policy aspects of insurance regulation and taxation. In particular, Dr. Grace has undertaken various studies of the efficiency of insurance firms, insurance taxation, optimal regulation of insurance in a federal system, and solvency regulation. Dr. Grace is a former President of The Risk Theory Society and he is a current associate editor of the Journal of Risk and Insurance.

Dr. Grace earned both a Ph.D. in economics and a J.D. from the University of Florida in 1987. He joined the faculty of the Department of Risk Management and Insurance as an Assistant Professor of Legal Studies in the fall of 1987. In 1993 Dr. Grace was promoted to Associate Professor with appointments in both Legal Studies and Risk Management and Insurance. In 1998 Dr. Grace was promoted to Professor of Legal Studies and Risk Management and Insurance and in 2002, Professor Grace was named the James S. Kemper Professor of Risk Management.

Jeanne M. Hollister, FCAS, MAAA
Managing Principal, Americas Property/Casualty Insurance Practice Leader
Towers Perrin

Ms. Hollister’s areas of expertise include strategic planning, market analysis and performance benchmarking for insurance companies. She frequently consults with insurance company clients regarding enterprise risk management, pricing strategy and financial strength ratings from the rating agencies.

Prior to joining Towers Perrin in 1995, Ms. Hollister held a number of positions with varied responsibilities at Aetna Life & Casualty. From 1992 to 1994, she served as vice president of investor relations and financial communications. In that position, she represented Aetna’s life and health, financial services and property/casualty businesses to the investment community worldwide. Ms. Hollister also served as head of strategy for a new business unit created to sell commercial insurance to small businesses, where she led the organization’s market research.

Amy Johnson
Research Development Director
Towers Perrin-ISR



Amy Johnson is the Research Development Director for Towers Perrin-ISR. She conducts industrial and organizational research aimed at helping organizations maximize their employee engagement and business performance. In particular, Amy helps organizations build, implement, and monitor employee programs around engagement, wellbeing and health, and sustainability. She has worked with some of the world’s largest organizations in a wide variety of industries.

Amy holds a Ph.D. from Indiana University in Social Psychology and has ten years of experience conducting scientific research and consulting in academic and nonacademic environments. She has published extensively in the areas of organizational culture and group motivation and has taught several university-level courses on these topics.

Dennis F. Kraft
Vice President
US and Global Fixed Income
Goldman Sachs Asset Management

Dennis joined GSAM’s mortgage team in 2008 and focuses on mortgage credit and housing markets. Prior to joining GSAM he spent 2 years as head of ABS credit research at ACA Capital. Prior to that Dennis has worked as head of consumer ABS research at Wachovia, Conning Asset Management as head of credit research and trading, The Hartford Financial Services Group where he was director of structured securities and sector manager for ABS and CMBS investments, and The Travelers Cos. as asset class manager for mortgage-backed securities.

Mr. Kraft was head of mathematical and statistical applications at DRI/McGraw-Hill, and was an economist at the Federal Reserve Board and at The President’s Council on Wage and Price Stability. He has a Ph.D. in economics from the University of California – San Diego


Stephen P. Lowe, FCAS, MAAA
Principal, Global Property/Casualty Insurance Practice
Towers Perrin

Mr. Lowe is a principal of Towers Perrin and managing director of the global property/casualty insurance practice. With over 20 years of consulting experience, Mr. Lowe has participated in a wide range of assignments, advising clients on a variety of financial, product and strategic issues.

Mr. Lowe specializes in assisting clients in understanding the interplay between risk and capital, and how that interplay translates into the creation of value. He has helped numerous clients to develop stochastic models that measure risk and test capital adequacy. Clients have used these models to assess alternative capital structures and to support discussions with rating agencies. He has also assisted clients in measuring the economic value of their business and in developing alternative strategies that maximize that value. He has worked with clients on property catastrophe exposure management issues; performed actuarial appraisals in support of acquisitions/divestitures; developed methodologies for setting target rates of return and value-based performance measurement schemes; developed financial models for investment/tax planning; and participated in strategic planning assignments.

Hubert Mueller FSA, CERA
Principal, Global Enterprise Risk Management Team
Towers Perrin

Mr. Mueller has been with the Tillinghast insurance consulting business of Towers Perrin since 1986. He is a member of the firm’s Global Enterprise Risk Management Team, where he leads the ERM practice for life insurers in the Americas. He also manages the firm’s quarterly CFO Survey.

Mr. Mueller’s 20 years of consulting expertise cover a variety of areas, including: economic capital (EC); principles-based capital and reserves; strategies for the management of guarantees on equity-based products; mergers and acquisitions; actuarial valuations; asset/liability management (ALM); capital management and enterprise risk management (ERM) strategies; and product pricing and development.


Timothy J. Nauheimer
Chief Risk Management Specialist
New York State Insurance Department

Tim’s primary function is to oversee a group that conducts analyses of insurers investment portfolio’s to identify investment risks that may threaten the financial solvency of the company. Ancillary functions include assessing a company’s enterprise risk management initiatives, derivatives programs and capital structure. Tim was also a key contributor to the Risk Assessment Working Group of the NAIC in its effort to develop the revised risk-focused Financial Condition Examiner Handbook utilized by all 50 states.

Tim has been with the New York Insurance Department for seven years. Prior to the Insurance Department, Tim was an internal auditor specializing in auditing capital markets activities at several large investment banks and broker/dealers. Prior employers include KPMG, where he provided internal audit outsourcing services, Deutsche Bank, Smith Barney and Brown Brother Harriman & Co. in the internal audit department.

Tim holds his MBA in Finance from Fordham University and a BS in Accounting from New York Institute of Technology.



Mark Puccia
Managing Director
Standard & Poors

Mark Puccia is a managing director in Financial Services. As Chief Criteria Officer of Insurance Ratings worldwide, Mark is responsible for establishing insurance rating criteria and overseeing ratings quality for property\casualty insurance, reinsurance, life\health insurance, and various international insurance company ratings. He established Standard & Poor's initial ratings of life/health insurers and property/casualty insurers in the United Kingdom, Japan, Canada, Australia and New Zealand. In addition to his insurance responsibilities, Mark has been appointed criteria officer for the North American Financial Institutions Group. In this capacity, Mark will be overseeing criteria development for banks and broker/dealers.

Mark's prior work experience includes several years with Chase Manhattan Bank's insurance lending group arranging multi-million dollar credit facilities for several large insurers. He arranged the first foreign financing for the country's largest stock-owned diversified financial services institution. He previously served as a senior management analyst with Connecticut General Corp.'s group pension operations.

Mark holds a B.A. in economics from Cornell University and an M.B.A. from the Wharton Graduate School of Business Administration at the University of Pennsylvania.


Ali Samad-Khan
Principal
Towers Perrin


Mr. Samad-Khan has over ten years’ experience in risk measurement and management and more than twenty years of experience in financial services.

Mr. Samad-Khan has advised more than fifty of the world’s leading banks, insurance companies, and energy and transportation companies on the full range of operational risk measurement and management issues. He has also advised leading bank regulators and multilateral organizations, including the Basel Committee, the Federal Reserve Board, the Bundesbank, the U.K. Financial Services Authority, the World Bank and the International Monetary Fund.

In addition to his role at Towers Perrin, Mr. Samad-Khan is President of OpRisk Advisory, which has been offering consulting services in association with Towers Perrin since 2007. Prior to founding OpRisk Advisory, Mr. Samad-Khan was founder and President of OpRisk Analytics LLC, which was acquired by SAS. Previously, he worked at PricewaterhouseCoopers in New York, where he headed the Operational Risk Group within the Financial Risk Management Practice. He has also worked at Bankers Trust, the Federal Reserve Bank of New York and the World Bank.


Prakash A. Shimpi, FSA, MAAA, CFA
Managing Principal
Towers Perrin

Mr. Shimpi joined Towers Perrin in 2004 to head the firm’s ERM Practice covering both financial and non-financial institutions and has built market-leading positions with the insurance and energy industries.

Immediately before joining Towers Perrin, Mr. Shimpi was President of Fraime LLC, an ERM consulting boutique. Until June 2003, he was President and CEO of Swiss Re Financial Services Corporation and a member of the Executive Committee of its global Financial Services Business Group. He was the founding President and CEO of Swiss Re Financial Products, Swiss Re Capital Markets and European Finance Re. He formed and built the company's structured finance and capital markets groups, pioneering the development of alternative risk transfer (ART) products such as contingent capital and insurance-linked securities, launching the market’s first California Earthquake and Tokyo Earthquake securitizations. He also started up the interest-rate, credit and weather derivatives businesses.


Jan Voigts
Examining Officer
Federal Reserve Bank of New York

Jan H. Voigts is a Supervising Examiner at the Federal Reserve Bank of New York (FRBNY) and has 29 years of experience in central banking and bank supervision. He currently serves on the Operational Risk Governance team at the FRBNY which has oversight responsibility for the implementation of the Basel II Advanced Measurement Approach for financial institutions operating in the USA.

Jan has extensive examination experience with both domestic and foreign large complex banking organizations, which includes: capital markets, payments & settlements, custody, information systems and technology and anti-money laundering. He has led numerous investigations and has contributed directly to the formation of various laws and regulations. Jan is also involved in technical assistance missions dealing with operational risk internationally.

	Ellen Cooper, FSA, CFA Managing Director Global Insurance Asset Management Group Goldman Sachs Asset Management
Ellen is the global head of insurance strategy in Goldman Sachs Asset Management's Global Insurance Group. This business provides asset management solutions for insurance companies seeking to outsource the management of their balance sheet assets including traditional fixed income and alternative asset classes. In this role, she is responsible for partnering with clients to incorporate their specific financial, risk and regulatory objectives into the development of investment programs and solutions that meet client specific needs. Ellen joined Goldman Sachs as a managing director in 2008. Previously, Ellen was the chief risk officer at AEGON USA, where she led the implementation of the firm’s enterprise risk management framework, risk reporting, economic capital modeling and other key functions. Prior to AEGON, Ellen worked at Ernst & Young, where she was a Principal of the Insurance and Actuarial Advisory Services. As a leader of this business, she was responsible for growing a consulting practice for major insurance companies, advising them on business issues such as risk and capital management, variable annuity pricing and hedging, ALM/financial modeling, economic and risk based capital, credit risk analysis. Prior to Ernst & Young, she was a Life Consultant at Towers Perrin and an ALM modeling Actuary at American Life Insurance Company. Ellen began her career as an Actuarial Analyst at Provident Mutual Insurance Company and at United Pacific Life Insurance Company. She joins GSAM with over 20 years of insurance industry experience. Ellen earned a Bachelor of Business Administration degree in Actuarial Science from Temple University in 1985, holds various actuarial designations, is a fellow of the Society of Actuaries (FSA) and is a CFA charterholder.
	Terri Dalenta, EVP, Risk and Actuarial Aviva North America
Terri is responsible for risk and actuarial at Aviva North America, part of Aviva plc, the 5th largest insurer in the world. Aviva North America currently includes Aviva USA, the number one writer of indexed annuities in the US, and Aviva Canada, the second largest writer of property and casualty insurance in Canada. Terri joined Aviva from Deloitte where she consulted on risk management as well as claims performance for a year. Prior to that Terri worked in the insurance industry for 20 years. She has served as the Senior Vice President for Claims, Chief Risk Officer, Chief Actuary, and Personal Lines Chief Product Officer. Terri’s industry experience includes Safeco Insurance, Travelers Property Casualty and Aetna Life and Casualty. Terri holds a B.S. in Mathematics & a B.A. in Speech & Drama from Southwestern College in Winfield, Kansas. She is a Fellow of the Casualty Actuarial Society, a Member of the American Academy of Actuaries, and a Society of Actuaries Certified Enterprise Risk Analyst.
	Tracey A. Dedrick Senior Vice President, Corporate Risk Management MetLife
Tracey A. Dedrick is senior vice president and head of market risk in Corporate Risk Management for MetLife, Inc. In this role, she measures, monitors and control's the company’s exposure to risks related to interest rates, equity markets, foreign exchange and commodities. She was appointed to this position in September 2007. Prior to her current position, Tracey ran Investor Relations where she managed the relationships with buy-side and sell-side analysts along with institutional and retail investors. She was appointed to this position in June 2004. Prior to this Tracey was assistant treasurer in charge of the capital and corporate finance department within the corporate treasury department of MetLife. In this role, Tracey was responsible for managing the enterprise’s capital planning, allocation and financing strategy as well as managing rating agency relationships. She was also responsible for maintaining sufficient liquidity to support the continued solvency of the MetLife enterprise and the profitable operation of its core businesses. Tracey joined MetLife in 2001 from AXA Financial, where she was assistant treasurer. In additional to capital management, at AXA she was responsible for merger & acquisitions analysis and participated in the purchase of Sanford Bernstein, the sale of Donaldson Lufkin & Jenrette and the merger with AXA Group Paris. She has an extensive background in liquidity and interest rate risk management. Tracey began her career with First Bank Minneapolis in their Treasury group where she acquired extensive experience in all aspects of bank funding and asset liability management. She was the first person in U.S. banking history to receive permission from the Office of the Comptroller of the Currency to trade financial futures. Tracey received a B.A. from the University of Minnesota and attended the Edwin L. Cox School of Management at Southern Methodist University.
	Todd Erkis Americas Leader for Financial and Regulatory Reporting Towers Perrin
Mr. Erkis joined the Tillinghast insurance consulting business of Towers Perrin in September 2007 as the Americas Leader for Financial and Regulatory Reporting and is leading the Philadelphia Life Office. Prior to joining Towers Perrin, Mr. Erkis was the Chief Actuary and Corporate Risk Officer at the Lincoln Financial Group. In this role, he was responsible for the calculation of all statutory, GAAP, and tax reserves and actuarial items and reviewed all life and annuity new products from a profitability and risk management perspective. He was also a member of Lincoln’s mergers and acquisitions team, helped lead the building of their variable annuity hedging program, led enterprise risk management activities for Lincoln and was the chair of Lincoln’s Risk Committee.
	Ian Farr Principal Towers Perrin
Mr. Farr is a consultant with the Tillinghast business of Towers Perrin in the firm’s London office and specializes in consulting to UK and European multinationals in the areas of economic capital and economic value. He has assumed a lead role in developing and rolling out economic capital frameworks for several such clients, covering their life and P&C businesses in Europe, the U.S. and Asia. Mr. Farr also advises a number of multinationals in relation to their embedded value reporting, including the developments needed to comply with the European embedded value principles. Mr. Farr joined Tillinghast directly after university, working for three years in the employee benefits section prior to joining the life insurance practice.
	Martin Grace James S. Kemper Professor of Risk Management Georgia State University
Martin F. Grace is Associate Director and Research Associate of the Center for Risk Management and Insurance Research. Dr. Grace's research has been published in various journals in economics and insurance concerning the economics and public policy aspects of insurance regulation and taxation. In particular, Dr. Grace has undertaken various studies of the efficiency of insurance firms, insurance taxation, optimal regulation of insurance in a federal system, and solvency regulation. Dr. Grace is a former President of The Risk Theory Society and he is a current associate editor of the Journal of Risk and Insurance. Dr. Grace earned both a Ph.D. in economics and a J.D. from the University of Florida in 1987. He joined the faculty of the Department of Risk Management and Insurance as an Assistant Professor of Legal Studies in the fall of 1987. In 1993 Dr. Grace was promoted to Associate Professor with appointments in both Legal Studies and Risk Management and Insurance. In 1998 Dr. Grace was promoted to Professor of Legal Studies and Risk Management and Insurance and in 2002, Professor Grace was named the James S. Kemper Professor of Risk Management.
	Jeanne M. Hollister, FCAS, MAAA Managing Principal, Americas Property/Casualty Insurance Practice Leader Towers Perrin
Ms. Hollister’s areas of expertise include strategic planning, market analysis and performance benchmarking for insurance companies. She frequently consults with insurance company clients regarding enterprise risk management, pricing strategy and financial strength ratings from the rating agencies. Prior to joining Towers Perrin in 1995, Ms. Hollister held a number of positions with varied responsibilities at Aetna Life & Casualty. From 1992 to 1994, she served as vice president of investor relations and financial communications. In that position, she represented Aetna’s life and health, financial services and property/casualty businesses to the investment community worldwide. Ms. Hollister also served as head of strategy for a new business unit created to sell commercial insurance to small businesses, where she led the organization’s market research.
Amy Johnson Research Development Director Towers Perrin-ISR
Amy Johnson is the Research Development Director for Towers Perrin-ISR. She conducts industrial and organizational research aimed at helping organizations maximize their employee engagement and business performance. In particular, Amy helps organizations build, implement, and monitor employee programs around engagement, wellbeing and health, and sustainability. She has worked with some of the world’s largest organizations in a wide variety of industries. Amy holds a Ph.D. from Indiana University in Social Psychology and has ten years of experience conducting scientific research and consulting in academic and nonacademic environments. She has published extensively in the areas of organizational culture and group motivation and has taught several university-level courses on these topics.
Dennis F. Kraft Vice President US and Global Fixed Income Goldman Sachs Asset Management
Dennis joined GSAM’s mortgage team in 2008 and focuses on mortgage credit and housing markets. Prior to joining GSAM he spent 2 years as head of ABS credit research at ACA Capital. Prior to that Dennis has worked as head of consumer ABS research at Wachovia, Conning Asset Management as head of credit research and trading, The Hartford Financial Services Group where he was director of structured securities and sector manager for ABS and CMBS investments, and The Travelers Cos. as asset class manager for mortgage-backed securities. Mr. Kraft was head of mathematical and statistical applications at DRI/McGraw-Hill, and was an economist at the Federal Reserve Board and at The President’s Council on Wage and Price Stability. He has a Ph.D. in economics from the University of California – San Diego
	Stephen P. Lowe, FCAS, MAAA Principal, Global Property/Casualty Insurance Practice Towers Perrin
Mr. Lowe is a principal of Towers Perrin and managing director of the global property/casualty insurance practice. With over 20 years of consulting experience, Mr. Lowe has participated in a wide range of assignments, advising clients on a variety of financial, product and strategic issues. Mr. Lowe specializes in assisting clients in understanding the interplay between risk and capital, and how that interplay translates into the creation of value. He has helped numerous clients to develop stochastic models that measure risk and test capital adequacy. Clients have used these models to assess alternative capital structures and to support discussions with rating agencies. He has also assisted clients in measuring the economic value of their business and in developing alternative strategies that maximize that value. He has worked with clients on property catastrophe exposure management issues; performed actuarial appraisals in support of acquisitions/divestitures; developed methodologies for setting target rates of return and value-based performance measurement schemes; developed financial models for investment/tax planning; and participated in strategic planning assignments.
	Hubert Mueller FSA, CERA Principal, Global Enterprise Risk Management Team Towers Perrin
Mr. Mueller has been with the Tillinghast insurance consulting business of Towers Perrin since 1986. He is a member of the firm’s Global Enterprise Risk Management Team, where he leads the ERM practice for life insurers in the Americas. He also manages the firm’s quarterly CFO Survey. Mr. Mueller’s 20 years of consulting expertise cover a variety of areas, including: economic capital (EC); principles-based capital and reserves; strategies for the management of guarantees on equity-based products; mergers and acquisitions; actuarial valuations; asset/liability management (ALM); capital management and enterprise risk management (ERM) strategies; and product pricing and development.
	Timothy J. Nauheimer Chief Risk Management Specialist New York State Insurance Department
Tim’s primary function is to oversee a group that conducts analyses of insurers investment portfolio’s to identify investment risks that may threaten the financial solvency of the company. Ancillary functions include assessing a company’s enterprise risk management initiatives, derivatives programs and capital structure. Tim was also a key contributor to the Risk Assessment Working Group of the NAIC in its effort to develop the revised risk-focused Financial Condition Examiner Handbook utilized by all 50 states. Tim has been with the New York Insurance Department for seven years. Prior to the Insurance Department, Tim was an internal auditor specializing in auditing capital markets activities at several large investment banks and broker/dealers. Prior employers include KPMG, where he provided internal audit outsourcing services, Deutsche Bank, Smith Barney and Brown Brother Harriman & Co. in the internal audit department. Tim holds his MBA in Finance from Fordham University and a BS in Accounting from New York Institute of Technology.
	Mark Puccia Managing Director Standard & Poors
Mark Puccia is a managing director in Financial Services. As Chief Criteria Officer of Insurance Ratings worldwide, Mark is responsible for establishing insurance rating criteria and overseeing ratings quality for property\casualty insurance, reinsurance, life\health insurance, and various international insurance company ratings. He established Standard & Poor's initial ratings of life/health insurers and property/casualty insurers in the United Kingdom, Japan, Canada, Australia and New Zealand. In addition to his insurance responsibilities, Mark has been appointed criteria officer for the North American Financial Institutions Group. In this capacity, Mark will be overseeing criteria development for banks and broker/dealers. Mark's prior work experience includes several years with Chase Manhattan Bank's insurance lending group arranging multi-million dollar credit facilities for several large insurers. He arranged the first foreign financing for the country's largest stock-owned diversified financial services institution. He previously served as a senior management analyst with Connecticut General Corp.'s group pension operations. Mark holds a B.A. in economics from Cornell University and an M.B.A. from the Wharton Graduate School of Business Administration at the University of Pennsylvania.
	Ali Samad-Khan Principal Towers Perrin
Mr. Samad-Khan has over ten years’ experience in risk measurement and management and more than twenty years of experience in financial services. Mr. Samad-Khan has advised more than fifty of the world’s leading banks, insurance companies, and energy and transportation companies on the full range of operational risk measurement and management issues. He has also advised leading bank regulators and multilateral organizations, including the Basel Committee, the Federal Reserve Board, the Bundesbank, the U.K. Financial Services Authority, the World Bank and the International Monetary Fund. In addition to his role at Towers Perrin, Mr. Samad-Khan is President of OpRisk Advisory, which has been offering consulting services in association with Towers Perrin since 2007. Prior to founding OpRisk Advisory, Mr. Samad-Khan was founder and President of OpRisk Analytics LLC, which was acquired by SAS. Previously, he worked at PricewaterhouseCoopers in New York, where he headed the Operational Risk Group within the Financial Risk Management Practice. He has also worked at Bankers Trust, the Federal Reserve Bank of New York and the World Bank.
	Prakash A. Shimpi, FSA, MAAA, CFA Managing Principal Towers Perrin
Mr. Shimpi joined Towers Perrin in 2004 to head the firm’s ERM Practice covering both financial and non-financial institutions and has built market-leading positions with the insurance and energy industries. Immediately before joining Towers Perrin, Mr. Shimpi was President of Fraime LLC, an ERM consulting boutique. Until June 2003, he was President and CEO of Swiss Re Financial Services Corporation and a member of the Executive Committee of its global Financial Services Business Group. He was the founding President and CEO of Swiss Re Financial Products, Swiss Re Capital Markets and European Finance Re. He formed and built the company's structured finance and capital markets groups, pioneering the development of alternative risk transfer (ART) products such as contingent capital and insurance-linked securities, launching the market’s first California Earthquake and Tokyo Earthquake securitizations. He also started up the interest-rate, credit and weather derivatives businesses.
Jan Voigts Examining Officer Federal Reserve Bank of New York
Jan H. Voigts is a Supervising Examiner at the Federal Reserve Bank of New York (FRBNY) and has 29 years of experience in central banking and bank supervision. He currently serves on the Operational Risk Governance team at the FRBNY which has oversight responsibility for the implementation of the Basel II Advanced Measurement Approach for financial institutions operating in the USA. Jan has extensive examination experience with both domestic and foreign large complex banking organizations, which includes: capital markets, payments & settlements, custody, information systems and technology and anti-money laundering. He has led numerous investigations and has contributed directly to the formation of various laws and regulations. Jan is also involved in technical assistance missions dealing with operational risk internationally.