American Association of State Compensation Insurance Funds (AASCIF)

1300 Piccard Drive, Suite LL 14,

Rockville, MD 20850

P (240) 859-8022 | F (301) 990-9771

E info@aascif.org | W www.aascif.org

 

©2020 by AASCIF.

July 21–24

Finance & Investment Sessions

Thank You to This Track's Sponsor:

DWS_Logo.png

Monday, July 22

1:15 pm–2:00 pm

Investment Optimization and Peer Analysis in the P&C Sector

This session will provide an update and examination of investment trends occurring among P&C companies while offering general account strategies and positioning considerations.

Speaker

Bernie Ryan

Managing Director, Insurance Coverage
DWS

The Case for Private Over Public Credit

 

Substituting public bond exposure with unique private issuers can enhance yield and total return potential, provide issuer diversification, and help minimize downside risk with embedded structural protections. In this session, Chris Lyons, head of private credit, will explore how the market has evolved, how the structuring of credit markets is changing and evolving, and where the pockets of opportunity are today.

Speaker

Chris Lyons, CFA

Managing Director and Group Head, Private Credit
Voya Investment Management

3:30 pm–4:15 pm

Industry Trends and Observations

Overall headcount and expenses are relatively flat over the past few years, but there are significant shifts in terms of where companies are spending their budget and allocating their resources. This presentation will focus on the industry headcount and expense movement in key areas of the organization, such as IT, claims, underwriting, and shared services. The presentation will also discuss industry observations on key strategies such as innovation, digital, core systems, and operations (underwriting, claims, distribution) through benchmarking data and industry surveys.

Speaker

Charlie Gall

Associate Partner
Aon–Ward Group

9:45 am–10:30 am

Tuesday, July 23

Reinsurance Market Update—After the Catastrophes

This session will provide an overview of the reinsurance market, including a discussion on Lloyd's of London. Worldwide catastrophe losses of 2017 and 2018 were significant. How is the reinsurance market holding up?

Speakers

John T. Brodsky Jr.

Senior Vice President
Guy Carpenter

Joshua Porter, CPCU, ARe, WCP

Executive Vice President
Guy Carpenter

10:45 am–11:30 am

AM Best Rating Process

The assignment of an AM Best Issuer Credit Rating (ICR) consists of a comprehensive quantitative and qualitative analysis of the following key rating factors (also referred to as building blocks): balance sheet strength, operating performance, business profile, enterprise risk management, and (if applicable) rating lift/drag. In this session, AM Best senior financial analyst Kimberly Muccia will provide an overview of the AM Best building block process used to arrive at an AM Best ICR.

Speaker

Kimberly Muccia

Senior Financial Analyst
A.M. Best Company

1:00 pm–1:45 pm

Wednesday, July 24

Speaker Bios

John T. Brodsky Jr.
Senior Vice President
Guy Carpenter

John Brodsky is senior vice president at Guy Carpenter, based in Seattle, Washington. He is a member of the workers’ compensation practice group, and he focuses on the production of new business and servicing of existing client accounts. John has been with Guy Carpenter for over 20 years, having also worked for the recently acquired JLT Re. Over the last 12 years, John’s primary role has been as lead account executive for four AASCIF companies (Workforce Safety and Insurance, CompSource Mutual, South Carolina State Accident Fund and SAIF Corporation). In this role, John has helped educate and guide his clients through the changing risk assessment environment. John earned his B.A. from Yale University.

Charlie Gall
Associate Partner
Aon–Ward Group

Charlie Gall is the associate partner of Ward Benchmarking Services at Aon. Mr. Gall has more than 26 years of experience in the insurance industry, working with over 100 insurance companies throughout the United States and Canada. Throughout his career, he has directed numerous consulting projects covering a diverse range of operational performance, expense benchmarking, and project management.

Mr. Gall holds a bachelor of science degree in accounting from the University of Cincinnati. Prior to joining Ward Group, he served as project manager and controller for a national property—casualty insurance company.

Chris Lyons, CFA
Managing Director and Group Head, Private Credit
Voya Investment Management

Chris Lyons is the head of the private credit group at Voya Investment Management, where he is responsible for the sourcing, underwriting, and management of all private debt securities that invests on behalf of its clients. Mr. Lyons has focused exclusively on the private debt markets for the firm since 1993, originally joining the team at the analyst level. Additional related experience includes work as a commercial bank line officer, commercial bank credit officer, and debt capital markets specialist with SunTrust Banks, Inc. In addition to his duties in the private debt arena, he also serves on the executive leadership team for proprietary assets and is chairman of the Voya credit committee. Mr. Lyons earned a B.S. in industrial management from the Georgia Institute of Technology and holds the Chartered Financial Analyst® designation.

Kimberly Muccia
Senior Financial Analyst

A.M. Best Company

Kim Muccia is a senior financial analyst with A.M. Best Company. She is the lead analyst responsible for evaluating the financial strength for her assigned portfolio of property and casualty companies, with an emphasis on those writing personal lines insurance. Prior to joining AM Best, Kim spent eight years working in the property and casualty insurance industry in senior accounting roles. Kim received her undergraduate degree in actuarial science and finance from Rider University and a master’s degree in accounting from Fairleigh Dickinson University.

Joshua Porter, CPCU, ARe, WCP
Executive Vice President
Guy Carpenter

Joshua Porter started at JLT Re in 1998 and joined Guy Carpenter upon the acquisition of JLT Re earlier this year. A member of Guy Carpenter’s workers’ compensation practice group, he has broad client account servicing responsibilities, including program design, marketing, and contract documentation. His current client responsibilities include several workers’ compensation state funds, a regional multi-line mutual with a significant workers’ compensation portfolio, and a municipal workers’ compensation pool. Joshua began his career in 1993 at Prudential Property and Casualty Insurance Company, working in various capacities in the Claims Department. Joshua has a B.S. in business administration from Bucknell University. He earned the Chartered Property Casualty Underwriter (CPCU) in 2001, the Associate in Reinsurance (ARe) in 2002, and the Workers’ Compensation Certified Professional (WCP) designation in 2005. 

Bernie Ryan
Managing Director, Insurance Coverage
DWS

Bernie Ryan joined DWS in 2007 with five years of industry experience. Prior to joining DWS, Mr. Ryan served in sales and relationship management at Merrill Lynch and Lehman Brothers. He graduated with a BBA from the University of Massachusetts, Amherst and received his MBA from Boston University.

 
 
 
 
 
 
 
 
 
 
 
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