FCAS - November 1992
Candidate Information
Education:
Bates College, BA Mathematics
University of Cardiff, Wales (Junior Year Abroad)
Current Employment:
Board Member, New London County Mutual Insurance Companies
CAS Activities and Publications:
Member, Audit Committee (2020 – Present)
Member, Casualty Loss Reserve Seminar (2017 – 2021)
Member, Planning Advisory Committee (2014 – 2017)
Member, Finance Committee (2011 – 2014)
Member, Audit Committee (2008 – 2011)
Member, Casualty Loss Reserve Seminar (2007 – 2010)
Member, Casualty Loss Reserve Seminar, (1998 – 2002)
Member, Reserves Committee, (1996 – 1999)
Member, Syllabus & Examination Committee (1993 – 1995)
Other Actuarial Organizations:
Member, American Academy of Actuaries (1992 – 2022)
Employment History - Prior Employers
Enstar Group Ltd. (2016 – 2022)
- Group Chief Actuary
Deloitte LLP (1993 – 2016)
- Global Practice Leader, Actuarial, Rewards and Analytics (2012 – 2016)
- Principal, (1998 – 2016)
- Sr. Manager (1995 – 1998)
- Manager (1993 – 1995)
Aetna Life & Casualty (1988 – 1993)
- Manager, National Accounts (1992 – 1993)
- Actuarial Student (1988 – 1992)
High School Mathematics and Basketball Coach (1980 – 1988)
Civic Activities:
Former Board Member, Deloitte Foundation (approx.. 2002 – 2007)
Former Board Member, Junior Achievement of Southwest New England (approx.1999 – 2002)
Former Board Member, Families in Crisis (approx.1995 – 1999)
Other Relevant Information:
Speaker, Casualty Actuarial Loss Reserve Seminar
Speaker, Reinsurance Seminar
Speaker at non-CAS events related to M&A and Risk Transfer Analyses
It is an honor to be nominated to potentially represent the CAS membership on the CAS Board of Directors. We are fortunate to be part of the best profession in the world! In my opinion, the P&C actuarial community consists of the most intelligent and ethical people of any profession. Hopefully, you will provide me with the opportunity to give back to the profession a small fraction of what the profession has given me.
My career has allowed me to view the industry and the actuarial profession from a number of different lenses: Board Member of a P&C insurer, Actuarial and Management Consultant where I was the Practice Leader of Deloitte’s Global Actuarial, Rewards and Analytics practice, Chief Actuary at Enstar Group Ltd., a publicly traded insurance/reinsurance company in the P&C and life legacy space and Actuarial Student, at Aetna Life & Casualty. Prior to entering the actuarial profession, I was a high school mathematics teacher and basketball coach for eight years. These experiences have prepared me to be an effective Board Member for the CAS where I have proven experience to positively influence other leaders and effectively communicate with CAS membership/staff and other interested parties.
Currently, I am on the Board of Directors of a small New England Mutual, New London Mutual Insurance Companies Pool, where I serve as Chair of the Audit Committee. This allows me the necessary time to commit to the CAS Board to ensure the Board 1.)_ meets its governance and fiduciary responsibilities, 2.) sets the strategy based on the input of the CAS membership and 3.) effectively executes, using our volunteer model, on each of the objectives required to meet our strategy.
In a professional society such as ours, it is essential the Board be transparent to ensure it is following the direction established by the majority of the membership. During my career, the item always at the top of my to do list, was a question: How do I make this a better workplace environment for each of our team members? This objective could only be met by communicating with the team to understand what was working for them, what development opportunities were needed and how we could improve to make this a better and more effective experience. This taught me the value of communication and transparency. I was not always successful at meeting every team member’s needs but there was always communication around why we might not be able to affect change to meet the specific need.
If elected to the Board, my focus will be on maintaining and enhancing the service the CAS provides to its membership. The environment is changing at a rapid pace, and we need to adapt to these changes but never forget our roots and how we got to this point as the greatest profession. Please connect with me through my LinkedIn account: LinkedIn.
This is not about me and what I perceive as the direction of the CAS and what issues I believe need to be corrected. As a Board member, I will have the duty to listen to the membership and develop and execute on the strategy based on membership input to ensure the CAS exceeds the expectations of its members and expands our relevance in the management of risk to any industry.
The Quinquennial Membership Survey was completed last year by the CAS. The results of this survey should guide the Board in updating the strategic initiatives. One obvious takeaway from the survey, which is not discussed in the Executive Summary, is the Board needs to improve the membership participation in this essential survey. For two consecutive five-year periods we have only had approximately a third of our membership respond as compared to the early 2000s when we had over 50%. More effective communication and transparency are table stakes to improving membership engagement.
It is clear the membership wants the CAS to 1.) be innovative with our research, 2.) provide continuing education with a focus on leading edge technologies that impact underwriting, reserving and risk management and 3.) grow the membership by being an advocate for the profession while maintaining the integrity of our credentialing process.
With the rapid change in technology, our profession has a great opportunity to exponentially expand our value in managing risk for insurance companies and non-insurance companies. We also face competition from other professions such as data scientists. With our professional society and deep knowledge of risk management and insurance, we have an advantage over these other professions that must exploit. This means recruiting the best and brightest to the profession and providing value-added, timely, continuing education to the membership in these emerging technologies. Diversity is important in expanding the viewpoints and life experiences of our membership.
We play a critical role in the world economy through the value we provide to the insurance industry. We have earned our significant, well-respected position and influence in the insurance industry through our commitment to excellence, professionalism, and the highest ethical standards. We can never abandon the robust and challenging credentialing process which ensures we develop the necessary skill sets to serve our industry.
In summary, the CAS Board needs to set strategy and objectives that continually improve our innovation, embrace and get in-front of change impacting our industry, collaborate, and develop well rounded, best of breed, future actuaries to enhance our great reputation in the marketplace.
