Presents

The 2014 Executive Education Roundtable Series

[ THE 2014 ]

Chief Financial Officer

Roundtable

[ SPONSORED BY ]

CHIEF FINANCIAL OFFICER ROUNDTABLE

Tuesday, June 10, 2014

8:45am – 9:45am Alternative Reinsurance: It's Not What it Used to Be!

9:50am – 10:50am Solvency Modernization

11:00am – 11:30am Part 1: Making Your Data Work For You: How Analytics

Can Help Insurance Company CFOs

11:45am – 1:30 pm President Clinton Keynote / Luncheon

1:45pm – 2:15pm Part 2: Making Your Data Work For You: Case Studies

2:25pm – 3:15pm Economic Outlook

5:30pm – 7:00pm Private Reception Sponsored by Centric Consulting

7:00pm – Evening Tuesday Evening Networking Event

Chief Financial Officer Roundtable Co-Chairs

Celeska Fredianelli, QBE

Margarete Chalker, Plante & Moran PLLC

VP Seminars, IASA

Tim Morgan, The Republic Group

Director of Executive Education, IASA

Brent Jones, Texas P&C Insurance Guaranty Association

CHIEF FINANCIAL OFFICER ROUNDTABLE Session #1

Alternative Reinsurance: It’s Not What it Used to Be!

As a CFO, you are familiar with the ever-changing investment environment and

new products being offered on what can seem like a daily basis, but did you

know the same is developing in the reinsurance marketplace? This leading edge

session will discuss familiar and new reinsurance vehicles that are currently in

use in the life industry and are starting to become mainstream in the P&C

industry. A panel consisting of Reinsurance, Life, P&C, and Investment

Management professionals will explore the new opportunities emerging in the

marketplace for non-traditional reinsurance, how they are being deployed, what

the best environments are to use them, and the pros and cons of each. Attendees

will take away innovative insights from an asset manager dedicated to deploying

capital and managing Insurance Linked Securities. Participants will also learn

about determining investment strategies for institutional investors, what returns

and insurance client profiles their dedicated funds seek invest in, and how they

transfer insurance risk from the primary market to the capital markets. Join this

session and leave prepared to discuss and take advantage of these new vehicles

from both a reinsurance and investment perspective.

Moderator:

Mark A. Robison, Chairman and President,

Brotherhood Mutual Insurance Company

Panelists:

Cory Anger, Global Head of ILS Structuring, GC Securities

Romulo Braga, Senior Vice President, BMS Group

Jeffrey S. Burman, Deputy General Counsel, American International Group, Inc.

Dan Knipe, Life Portfolio Manager, Leadenhall Capital Partners

Speaker Biographies

Alternative Reinsurance: It’s Not What it Used to Be!

Mark A. Robison, CPA, CPCU, FLMI, AIAF Chairman and President

Brotherhood Mutual Insurance Company

Mark is the Chairman and President of Brotherhood Mutual Insurance

Company, Fort Wayne, Indiana. Brotherhood Mutual is a specialty property &

casualty insurance company insuring America’s churches and related ministries.

Brotherhood Mutual wrote $326 million in direct written premiums in 43 states

in 2013.

Mark has been with Brotherhood Mutual since January 1994 and has served as

Assistant Vice President – Finance, Vice President – Finance, Vice President

and Treasurer, Senior Vice President and Treasurer, President and CEO, and

currently serves as Chairman and President. Prior to joining Brotherhood

Mutual, Mark worked as a Manager for Ernst & Young, LLP serving their

insurance clients as well as serving within the firms information systems

consulting practice. Mark joined Ernst & Young, LLP (formerly Ernst &

Whinney) in September 1986.

Mark has an Accounting degree from Manchester College, North Manchester,

Indiana. He is a Certified Public Accountant, a Chartered Property Casualty

Underwriter, a Fellow, Life Management Institute, and holds the Associate in

Insurance Accounting and Finance designation from the Insurance Institute of

America

Cory Anger Global Head of ILS Structuring,

GC Securities

Cory Anger is the Global Head of ILS Structuring for GC Securities, the

investment banking arm of Guy Carpenter & Company, LLC and a division of

MMC Securities Corp. She has been involved in the insurance-linked securities

space since 1999.

Prior to joining GC Securities in May 2008, Cory was a Senior Vice President

at Lehman Brothers in the Insurance Products Group where she spent more than

eight years originating and structuring insurance solutions for the P&C and life

insurance sectors. Prior to Lehman Brothers, she worked in credit risk

management at Merrill Lynch and the risk analysis division at the Office of the

Comptroller of the Currency (regulator of national banks).

Cory holds an MBA with concentrations in finance and accounting from the

Simon School of Business at the University of Rochester, an MS in statistics

from George Mason University and a BS in statistics and economics from

Virginia Tech. Cory is a registered representative of MMC Securities Corp.

Romulo Braga Senior Vice President

BMS Group

Romulo Braga is a Senior Vice President at BMS Group, where he interacts

with current clients, prospects, reinsurers and financial investors to explore

opportunities in the traditional and non-traditional risk management solutions

space, including catastrophe bonds, sidecars and collateralized reinsurance.

Mr. Braga joined BMS Group from Aon Benfield Securities, where he

specialized in providing (re)insurance-focused capital markets and corporate

finance advice. He has tangible experience servicing retained clients in the US

and London, originating new opportunities, executing M&A mandates, and

advising start-up insurance ventures.

Mr. Braga earned Bachelor of Arts degrees in International Politics &

Economics, and Spanish from Middlebury College. He holds securities licenses

including the Series 7, and Series 63, and the designation of Associate in

Reinsurance from the Insurance Institute of America.

Jeffrey S. Burman Deputy General Counsel

American International Group, Inc.

Jeffrey S. Burman is a Deputy General Counsel at American International

Group, Inc. in New York, where he leads a group responsible for transactional,

regulatory and contract wording matters relating to AIG’s worldwide ceded and

assumed reinsurance.

Prior to AIG, Mr. Burman practiced at two major New York law firms, where

he represented insurers, reinsurers, investment banks and investors in insurance

and reinsurance based transactions, with a focus on insurance linked

securitization.

Mr. Burman received his law degree from Rutgers University School of Law,

where he served as an editor on the Rutgers Law Journal. Following law

school, he served as a judicial clerk to The Honorable James M. Havey,

Presiding Judge of the Appellate Division of the Superior Court of New Jersey.

Mr. Burman is a member of the bars of New York and New Jersey.

Dan Knipe Life Portfolio Manager

Leadenhall Capital Partners

Dan joined Leadenhall in 2009 and manages over $650m of life insurance

linked investments of the strategies managed by Leadenhall.

Prior to joining Leadenhall he was part of the European Insurance Linked

Securities team at Swiss Re Capital Markets from 2007 where he worked

pricing and structuring cat mortality, US life insurance company capital relief,

longevity and embedded value transactions.

Dan is an actuary and qualified at Tillinghast where he was a consultant,

advising various large international and UK life insurers on a wide range of

topics including fund restructuring.

Dan has worked in insurance and financial services since he first joined the

Royal London group in 2001 and is a graduate of the University of Manchester

Institute of Science and Technology.

CHIEF FINANCIAL OFFICER ROUNDTABLE Session #2

Solvency Modernization

The NAIC’s Solvency Modernization Initiative (SMI) is viewed by many in the

insurance industry as the most significant program of regulatory reform in over

twenty years. How will the initiative impact your Company and the industry as a

whole? How can your Company prepare for changes to the solvency regulation

framework? A diverse panel of insurance experts will address these questions and

provide valuable insight on SMI to help your Company be proactive in tackling

potential challenges resulting from impending solvency reforms. The panel will

also examine lessons learned from international initiatives such as Solvency II

and will discuss best practices to address current governance standards in place

and anticipated ORSA requirements.

Moderator:

Gary Bowers, Tax Partner, Johnson Lambert LLP

Panel:

D. Keith Bell, Senior Vice President, Accounting Policy, Corporate Finance,

The Travelers Companies

Stephen W. Broadie, Vice President, Financial Policy, Property and Casualty

Insurers Association of America (PCI)

Ray Cox

James Hattaway, Insurance Examinations Supervisor, Alabama Department of

Insurance (ALDOI)

Speaker Biographies

Solvency Modernization

Gary Bowers Tax Partner

Johnson Lambert LLP

Gary Bowers is Tax Partner at the multi-office CPA firm of Johnson Lambert

LLP. Gary has served the financial services industry throughout his 32-year

career and has worked exclusively with insurance companies in helping them to

plan their tax strategies. Gary has extensive experience in dealing with

corporate tax planning issues, corporate tax compliance, reorganizations and

negotiations with the Internal Revenue Service to resolve issues. He also has

had experience in dealing with the national office of the Internal Revenue

Service related to private letter rulings and change in accounting method

requests.

Gary believes in a proactive approach to taxation matters through a complete

understanding of your business and its objective. He regularly speaks on

taxation matters for IASA, CICA, SCCIA and VCIA. He has also authored

several articles for the National Underwriter, Captive Review 2004 and for

CICA.

After earning his B.B.A. degree at the University of Georgia, Gary attended

Georgia State University where he earned the equivalent of a Masters in

Taxation. He is a CPA.

D. Keith Bell Senior Vice President, Accounting Policy, Corporate Finance

The Travelers Companies

D. Keith Bell is Senior Vice President, Accounting Policy, Corporate Finance at

The Travelers Companies, Inc. He is responsible for setting accounting policy,

monitoring the development of accounting standards, and interacting with

insurance accounting standard setters. Prior to joining Travelers, he held

similar responsibilities for Aetna, Inc. (formerly Aetna Life & Casualty).

Mr. Bell has worked in the insurance and financial services industry for over

twenty five years. He has a B.S. degree in accounting and is a certified public

accountant. He is a member of the American Institute of Certified Public

Accountants.

He has co-chaired the insurance industry committee on statutory accounting for

the last ten years. He is a contributing author to the IASA Property-Casualty

Insurance Accounting textbook and has authored several articles in insurance

trade publications. Additionally, he has been active on several NAIC advisory

committees, the American Council of Life Insurance’s Accounting Committees,

and is currently chairman of the American Insurance Association Committee on

Financial Management Issues, a member of the Board of Directors of the

National Conference of Insurance Guaranty Funds (member of the Finance

Committee and Public Policy Committee), and a member of the AICPA

Insurance Expert Panel.

Stephen W. Broadie

Vice President, Financial Policy, Property and Casualty Insurers Association

of America (PCI)

As vice president for financial policy for PCI, Steve Broadie is responsible for

representing the association’s 1,000-plus member property/casualty insurers

before state, federal and international policymakers on financial regulation

issues. He represents PCI before the National Association of Insurance

Commissioners on financial regulatory issues, and works with PCI’s state and

federal government affairs staff as necessary. He also works with the Congress

and Treasury Department, and represents PCI before the International

Association of Insurance Supervisors and other international bodies on

international insurance regulatory issues. He is staff liaison with PCI’s

Financial Issues Committee.

Before joining the National Association of Independent Insurers, one of PCI’s

predecessor trade associations, in 2000, Steve performed similar duties with the

Alliance of American Insurers (PCI’s other predecessor) since 1992. Before that

time Steve was Insurance Tax Manager in Coopers & Lybrand’s Washington,

D.C. office. From 1984 to

1989 Steve was a member of the Alliance’s federal affairs staff in Washington,

D.C.

Steve holds a B.A. from Wheaton College, a J.D. from the University of

Southern California and a LL.M. in taxation with highest honors from George

Washington University. He has chaired the Property/Casualty Companies

Subcommittee within the Insurance Companies Committee of the American Bar

Association’s Section of Taxation. He has spoken extensively on tax and

financial topics within the insurance industry.

The Property Casualty Insurers Association of America (PCI), based in

Chicago, is the nation's premier property/casualty insurance trade association,

representing over 1,000 companies that write 39 percent of the nation's

automobile, homeowners, business, and workers' compensation insurance. PCI

is an advocate for sound public policy that fosters a healthy and competitive

insurance marketplace. The association serves as the voice of the

property/casualty insurance industry before state and federal policymakers;

state and federal courts; key insurance industry, governmental, and business

groups; the news media; and the public.

Ray Cox

Ray Cox recently served as Senior Vice President, Chief Financial Officer and

Treasurer of the Utica National Insurance Group (2011 -2013). He also served

on the Board of Directors of several subsidiaries and was a Trustee of the

Employee Pension and Savings (401K) Plans.

Previously he was with Munich Reinsurance America, Inc. in Princeton, New

Jersey, for 25 years where he was Vice President and Treasurer.

Mr. Cox has a background in property and casualty insurance and reinsurance

with specializations in finance, accounting, planning/budgeting, risk

management, and operations having managed reinsurance intermediaries and

rent-a-captives, and has served on the boards of several insurance and

insurance-related services companies. He has also been responsible for

investments, corporate tax, procurement, and company infrastructure/facilities.

Mr. Cox earned a Bachelor’s degree in Economics from the State University of

New York at Stony Brook, and holds the Chartered Property Casualty

Underwriter (CPCU) and Associate Insurance Accounting & Finance (AIAF)

professional designations, as well as an Insurance Executive Development

Program certificate from the Wharton School of the University of

Pennsylvania/American Institute for Chartered Property Casualty Underwriters.

He was also a licensed Insurance Producer in the state of New Jersey.

James Hattaway Insurance Examinations Supervisor

Alabama Department of Insurance (ALDOI)

Jim is the Insurance Examinations Supervisor with the Alabama Department of

Insurance. He is responsible for oversight of all field examinations conducted

by the ALDOI. Although his focus is primarily on the financial examinations,

he is also responsible for the market conduct examinations when conducted in

conjunction with financial examinations, and some of the larger market conduct

examinations.

Jim began his career with the ALDOI as an Insurance Examiner 23 years ago

and has served in his current capacity for the past ten years. During his career

with the ALDOI, he also worked as an examiner and an Examiner-in-charge.

Jim assisted the ALDOI Receivership Division with various companies which

were placed into rehabilitation or receivership after examinations that he

participated, and helped to establish and train the Financial Analyst section of

the Examiners Division of the ALDOI. He holds the following designations:

CFE, CIE, CIA, SPIR, ARC, and MCM and has a B.S. degree in Banking.

Jim is an active member of multiple working groups of the NAIC and currently

serves as Co-Chair of the Risk Focused Surveillance Working Group.

CHIEF FINANCIAL OFFICER ROUNDTABLE Session #3

Part 1

Making Your Data Work for You:

How Analytics Can Help Insurance Company CFOs

Nearly nine out of ten insurers are spending more time and money on data

analytics. How are successful firms leveraging this time and treasure into

actionable insights and results? This informative session will feature both

insurance and technology experts who will describe a broad range of ‘big data’

business projects from insurers, from small companies to large multicompany

and multi-product firms.

Speaker:

Sam Stuckal, Research Director, Insurance, CEB TowerGroup

Speaker Biography

Part 1

Making Your Data Work For You:

How Analytics Can Help Insurance Company CFOs

Sam Stuckal Research Director, Insurance

CEB TowerGroup

Sam Stuckal is a Research Director in the insurance practice at CEB

TowerGroup supporting Life and Annuity. His research focuses on how

technology supports the distribution and servicing of Life and Annuity

products, including actuarial and risk management systems, policy

administration, illustrations, CRM (Customer Relationship Management) and

sales force automation. He also focuses on technology cost savings and security

including cloud computing, financial management, outsourcing and roles based

access controls.

Sam has more than 20 years of insurance industry experience in financial

management, application development, project management, sourcing and

procurement. He joined TowerGroup from The Hartford Financial Services

Group where Sam was a senior manager in the Enterprise Procurement

Operations group and led outsourcing and infrastructure projects.

His prior experience focused on leading several system replacement projects for

the banking and insurance administration systems, and implementation of data

security and actuarial applications. Sam’s experience also includes designing

annuity financial management and accounting systems, and developing

applications for hedging and reinsurance in the life and annuity lines of

business.

Sam received a Bachelor of Arts in economics and communications from the

University of Michigan and a Masters in Business Administration with a

concentration in Finance from the University of Connecticut.

CHIEF FINANCIAL OFFICER ROUNDTABLE Session #4

Part 2:

Making Your Data Work For You:

Case Studies

Continuing the exploration of Data Analytics, attendees will also hear from two

insurers who have real-life experience with the power of data analytics. The first,

a relatively small company, used off-the-shelf tools and available resources to

achieve a data analysis solution that filled the needs of the company. The second,

a larger company, was able to dedicate resources, staff and budget to create an

optimized solution for their business. Both case studies illustrate the availability

of options suited to every budgets and present ideas for maximizing available

resources.

Moderator:

John Vercellino, Vice President of Product Management,

SunGard, iWorks Financials

Panel Members:

Wayne Deveydt, Executive Vice President and Chief Financial Officer,

Wellpoint

Aaron Pierce, Associate General Counsel, Farmers Mutual Hail Insurance

Company of Iowa

Speaker Biographies

Part 2:

Making Your Data Work For You:

Case Studies

John Vercillino, AAM, AIAF Vice President of Product Management

SunGard, iWorks Financials

John E. Vercellino works as the Vice President of Product Management for

SunGard iWorks Financials. He is responsible for product planning and

execution throughout the product lifecycle, including: gathering and prioritizing

product and customer requirements, defining the product vision, and working

closely with product development, sales, marketing and support to ensure

revenue and customer satisfaction goals are met. He works extensively with the

investment areas of SunGard’s clients and serves as a subject matter expert for

SunGard’s sales staff.

Mr. Vercellino has worked for SunGard since 1997. Before then, Mr.

Vercellino was employed by The Northern Trust Company for seventeen years,

where he had roles in the Information Technology, Information Delivery, and

Institutional Sales departments.

Mr. Vercellino earned his Bachelor of Science Degree from The University of

Illinois at Urbana-Champaign, completed post-graduate work at DePaul

University of Chicago, holds the Associate of Automation Management and

Associate of Insurance Accounting and Finance designations from the

Insurance Institute of America, and is currently an Expert Level candidate in the

Certificate in Investment Performance Measurement (CIPM) program of the

CFA Institute.

Wayne Deveydt Executive Vice President and Chief Financial Officer

Wellpoint

Wayne S. DeVeydt serves as executive vice president and chief financial officer

for WellPoint. He became chief financial officer in May 2007 and is responsible

for overseeing the financial operations associated with the company’s $60

billion in annual revenues. Mr. DeVeydt has a keen understanding of the public

equity markets, strong management skills to ensure rigorous and effective

financial controls, and plays a lead role in the direction of the company.

He is exceptionally skilled in planning, developing, supervising and

implementing business strategies that achieve optimum productivity and cost

efficiency. Mr. DeVeydt is often praised for his down‐to‐earth communications

style that delivers key financial information in easy‐to‐understand terms.

Mr. DeVeydt leads the following areas: treasury functions, such as capital

planning, investments and Mr. DeVeydt leads the following areas: treasury

functions, such as capital planning, investments and cash management; investor

relations; budgeting and forecasting; financial reporting; tax planning and

compliance; accounting; and internal audit and compliance. Additionally, he

oversees the actuarial functions including pricing, product development,

valuation, health care management support, forecasting and other types of

actuarial analysis. Mr. DeVeydt is also responsible for WellPoint’s Strategy,

International business, HealthyCare Solutions and Corporate Development.

Mr. DeVeydt joined WellPoint in March 2005 as senior vice president and chief

accounting officer, responsible for the company's accounting and financial

reporting, tax and financial systems. Mr. DeVeydt assumed responsibility for

investor relations and became chief of staff to the chairman and chief executive

officer in 2006.

Prior to joining WellPoint, Mr. DeVeydt was a partner with

PricewaterhouseCoopers, LLP. Beginning in 1996, he served the firm in many

leadership roles, including the lead engagement partner for a number of large,

national managed care and insurance companies, including WellPoint Health

Networks Inc. Mr. DeVeydt was the Financial Services site leader for both the

St. Louis and Southern Illinois markets and served on the firm's national

Sarbanes‐Oxley Section 404 Advisory Committee.

Mr. DeVeydt was voted Best Managed Care CFO for 2012 by Institutional

Investor. This is the third time that he has been recognized by the global

publication. Mr. DeVeydt was also named Best Managed Care CFO in 2008

and 2011. He was recognized by the Indianapolis Business Journal as 2011

CFO of the Year in the Public Companies category.

Mr. DeVeydt is an active leader in his community and currently serves as a

board member of the YMCA of Greater Indianapolis, which helps more than

185,000 people from diverse communities and provides more than $7 million in

scholarships, program subsidies and underwritten programs in low‐income

communities. He also sits on the board of the Cancer Support Community, an

international non‐profit dedicated to providing support, education and hope to

people affected by cancer. He previously served as a board member for The

Children’s Museum of Indianapolis, the world’s largest children’s museum.

Mr. DeVeydt received a Bachelor of Science in Accountancy from the

University of Missouri in St. Louis.

Aaron Pierce Associate General Counsel

Farmers Mutual Hail Insurance Company of Iowa

Mr. Pearce currently serves as Associate General Counsel for Farmers Mutual

Hail Insurance Company of Iowa (FMH). Mr. Pearce joined FMH in September

of 2008. In his role at FMH Mr. Pearce serves in both a legal and business

advisory capacity. His law practice with FMH focuses on the areas of insurance

regulation, insurance coverage, administrative law, employment law, and

general corporate practice. Mr. Pearce’s business advisory experience is in the

areas of management practices, strategic planning and cost management.

Mr. Pearce attended Central College in Pella, Iowa where he received his B.A.

in Social Science. He also holds a Juris Doctor from the Ave Maria School of

Law in Naples, Florida, and a Masters in Business Administration from the

University of Iowa. Mr. Pearce is a Des Moines area native, and has been

involved in a number of charitable efforts including the fundraising for the

Wounded Warrior Project, the Youth Sports Foundation Roughrider Football

Program, Iowa Jobs for America’s Graduates, and the Waukee Youth Football

League.

In his free time he enjoys playing golf, cooking, exercising, and coaching youth

football.

CHIEF FINANCIAL OFFICER ROUNDTABLE Session #5

Economic Outlook

As a CFO, awareness of the global and national economy as it stands is key to

understanding both the large and small market fluctuations that affect every

aspect of industry finance. As these fluctuations have a definitive effect on every

company’s projections, pricing, and premium growth, a thorough understanding

of the financial environment can enable insurance company CFOs to make

informed decisions and form more effective business strategies. In this high

impact session, our guest economist will share insights on market conditions,

interest rate projections, and the impact of current political policies on the

insurance industry. Join us in closing the day with this focused economic update

that will provide actionable information critical to being an effective CFO in the

coming year.

Speaker:

Peter M. Gioia, Vice President and Economist, Connecticut Business and

Industry Association (CBIA)

Speaker Biography

Economic Outlook

Peter M. Gioia Vice President and Economist

Connecticut Business and Industry Association (CBIA)

Peter M. Gioia is vice president and economist for the Connecticut Business

and Industry Association (CBIA), the state's largest business organization with

about 10,000 member companies.

Gioia oversees the Member Services Department, which includes both Research

and HR Services.

CBIA's research department provides in-depth economic and policy analyses

and survey research assistance to CBIA divisions and to member companies.

The department provides key support to CBIA’s advocacy efforts on behalf of

business. The department also provides association members with international

trade information.

Gioia is the association expert on state fiscal policy and is a frequent speaker at

conferences and seminars. He creates partnerships to enhance the quality of

Family Business programs, HR programs and surveys and provides new ways

of sharing experiences, expertise, and business opportunities for members.

Gioia is quoted over nine hundred times a year and is a frequent guest on media

programs concerning business and political issues in the region.

Prior to joining CBIA, Gioia was a senior consultant with KPMG Peat

Marwick. Gioia joined CBIA in November 1989.

Bostrom  James Bar Plan Mutual Insurance  Saint Louis MO CITO

Registered Attendee List as of May 14, 2014COO = Chief Operating Officer                   CINVO = Chief Investment Officer 

CFO = Chief Financial Officer           CITO = Chief Information/Technology Officer 

Last First Company City State RoundtableAdamski  Brian American Traditions Insurance Company Pinellas Park FL CINVO, CFOAllen  Scott Equitable Life & Casualty Insurance Company Salt Lake City UT COO, CITO

Amat  John Anchor General Ins Co San Diego CA CITOAmos  Steve Sentruity Casualty Company (GSFS Group) Houston TX CINVO, CFOAnderson  Richard Healthcare Services Group Jefferson City MO CINVO, CFOApplegate  Kristin CV Starr Co. Los Angeles CA COO, CITOAsprey  Richard Aggressive Insurance Group Irving TX CINVO, CITOAyash  Gerald Western World Insurance Company Franklin Lakes NJ CFOAyoub  Paul FCCI Insurance Group Sarasota FL COOBaird  Robert United Educators Chevy Chase MD CITOBanwart  Kevin Pharmacists Mutual Insurance Company Algona IA CINVO, CFOBehr  Charles ICI Mutual Washington DC CINVO, CFOBelfiore  Lauren Rider Insurance Springfield NJ COOBell  D. Keith The Travelers Companies Hartford CT CFOBennett  Nicole Crum & Forster Morristown NJ CITOBerberian  Roupen Health Net Life Insurance Company Woodland Hills CA CINVO, CFOBilimoria  Neville AXIS U.S. Insurance Company Alpharetta GA COOBlum  Donald Merchants Bonding Company (Mutual) Des Moines IA CFOBlythe  Greg IMT Group West Des Moines IA CINVO, CFOBoardman  Lee USAble Life Little Rock AR CINVOBoddy  Graeme Builders Mutual Insurance Company Raleigh NC CITOBolan  Jacob Federated Rural Electric Ins Exchange Lenexa KS CITOBooten  Kelly Citizens Property Insurance Corporation Tallahassee FL COO, CITOBostrom  James Bar Plan Mutual Insurance CompanyCompany Saint Louis MO CITOBowman  Brian Guarantee Trust Life Insurance Company Glenview IL COOBracken  Jane Great American Insurance Company Cincinnati OH CITOBradley  Carin Personalumbrella.com Insurance Services, Inc. Emeryville CA CINVOBroadie  Stephen Property Casualty Insurers Association of America Chicago IL CINVO, CFOBurman  Jeffrey AIG New York NY CFOBuss  Roger Pacific Compensation Insurance Company Agoura Hills CA CITOBussey  Lane Tower Hill Insurance Group Inc. Gainesville FL CFOCarlson  Ann Wisconsin Reinsurance Corporation Madison WI CFOCarr  Raymond Investors Heritage Life Insurance Company Frankfort KY COO, CITOCartenuto  Gina Erie and Niagara Insurance Association Williamsville NY CFOChandler  Jeff Jefferson National Life Insurance Company Louisville KY CITOCharette  Elaine Knights of Columbus New Haven CT CITOChin  Albert New Jersey Insurance Underwriting Association Newark NJ CINVO

Clark  Loren Oklahoma Farm Bureau Mutual Insurance Co Oklahoma City OK CITOCollins  Michael Travelers Hartford CT CITOCornish  Tom Farmers Mutual Fire Ins Co of Salem County Salem NJ CFOCorrea  Carlos Liberty International Underwriters New York NY CITOCretsinger  Doug GuideOne Insurance West Des Moines IA CITODavid  Lyle Wisconsin Physicians Service Insurance Corp Madison WI CITODavis  Brad Service Lloyds Insurance Co. Austin TX CINVODean  Joyce NAMIC Insurance Company Inc. Indianapolis IN CINVO, CFO

Fillizola Charles Sompo Japan Insurance Company of America Charlotte NC COO CITO

Last First Company City State RoundtableDeehan  Teri Travelers Hartford CT COODehoney  Brad Stonewood Insurance Rancho Cordova CA CITODeithorn  David Medical Mutual Liability Ins Society of MD Hunt Valley MD CITODemchak  David Connecticut Interlocal Risk Mgmt. Agency New Haven CT COODeter  Paul Maryland Automobile Ins Fund Annapolis MD CITODevine  Annette Woodmen of the World Life Insurance Society Omaha NE CFODevitt  John American Agricultural Ins. Company Schaumburg IL CINVO, CFODiericx  Brad HDI‐Gerling America Insurance Co. Chicago IL CFODietrich  Tim Stonetrust Commercial Insurance Company Baton Rouge LA CINVODiRusso  Frances Massachusetts Property Insurance Boston MA CINVO, CFODoherty  James Farmers Mutual Fire Ins Co of Salem County Wilmington DE CFODomeracki  Henry Texas Municipal League Intergovernmental Risk Austin TX CINVO, CFODoom  Brian Nodak Mutual Insurance Company Fargo ND CINVO, CFODryer  Dianna Sentruity Casualty Company (GSFS Group) Houston TX CINVO, CFODunbar  John Atlantic American Corporation Atlanta GA COO, CITODunn  Heather West Bend Mutual Insurance Company West Bend WI CFODuvall  Mary Medical Mut Liab Ins Soc Of MD Hunt Valley MD CINVO, CFOEagen  Donald Coastal Insurance Company, Inc. Montgomery AL CITOEllwood  Cathy Ellwood Enterprises New Albany OH CINVO, CFOElwell  Suma Wisconsin Reinsurance Corporation Madison WI CITOEmbray  Janet American Family Insurance Saint Joseph MO COOEstrich  Ruth MedRisk Inc King of Prussia PA COO, CITOEvans  Ronald Farmers Union Mutual Insurance Company Great Falls MT CITOEwbank  Tom The Ewbank Group P.C. Addison TX CINVO, CFOFabian  Stephen Harford Mutual Insurance Company Bel Air MD CITOFelix  Nathan Great Western Insurance Company Ogden UT CINVO, CFOFerber  Michael ICAT Specialty Ins Co Boulder CO CITOFergang  Michael Grange Mutual Insurance Company Columbus OH CITOFillizola Charles  Sompo Japan Insurance Company of America          Charlotte NC COO, CITO, FitzGerald  Tim US Assure Jacksonville FL CITOFogle  Jean The Warranty Group, Inc. Chicago IL CINVOFonville  Earl Affirmative Ins Holdings Addison TX COO, CFOFowler  Bryan Oregon Mutual Insurance Company McMinnville OR CITOFredianelli  Celeska QBE Holdings, Inc. Southfield MI COO, CFOFreyermuth  Mary Ellen Catholic Relief Insurance Company of America Omaha NE COO, CITOFry  Steven Colorado Bankers Life Insurance Company Greenwood Village CO CINVO, CFOGarateix  Ernie Heritage Property & Casualty Insurance Co. Clearwater FL COO, CITOGarrison  Courtney Midlands Management Oklahoma City OK CITOGasque  Damon Union Labor Life Insurance Company Silver Spring MD CFOGeorgopoulos  Elias BCS Financial Corporation Oakbrook Terrace IL COOGioia  Peter CBIA Hartford CT CFOGotterup  Eda Civil Service Employees Insurance Company Walnut Creek CA CINVO, CFOGrant  Scott Synergy Ins Co Charlotte NC CFOGreen  Mike The MGIS Companies, Inc. Salt Lake City UT CITOGrigsby  Jonathan Transportation Insurance Services, LLC Brentwood TN CFOGroban  Terry Funeral Directors Life Insurance Company Abilene TX CINVO, CFOGronbach  Mary Secura Insurance Companies Appleton WI CINVOHackett  Terry BCS Financial Corp Oakbrook Terrace IL COO, CFO

Haddad  Judith Patriot National Insurance Fort Lauderdale FL CITOHakimian  Mike Assurant Speciality Property Atlanta GA CFO

Kessler John Motorists Mutual Insurance Company Columbus OH CITO

Last First Company City State RoundtableHall  Delbert Security Mutual Insurance Company Ithaca NY CFOHall  Richard North Carolina Mutual Life Insurance Company Durham NC COO, CITOHanby  William Rockford Mutual Insurance Co Rockford IL COO, CITOHarris  Robert Franklin Mutual Insurance Co Branchville NJ CITOHattaway  James Alabama Department of Insurance Montgomery AL CFOHaydukovich  Mark Oxford Life Insurance Company Phoenix AZ CINVOHazel  Raymond London Life Reinsurance Company Blue Bell PA CFOHenck  Scott Chubb Warren NJ COOHendrix  David Ohio Mutual Insurance Group Bucyrus OH CFOHendrixson  David Scottsdale Insurance Company Scottsdale AZ CITOHillier  Trevor American Strategic Insurance Corporation Saint Petersburg FL CFOHirschy  Matt Brotherhood Mutual Insurance Company Fort Wayne IN CINVO, CFOHochstetler  Ric Mennonite Mutual Insurance Company Orrville OH CFOHoke  Lisa Builders Mutual Insurance Company Raleigh NC CINVO, CFOHoldorf  John New York Central Mutual Fire Ins Co Edmeston NY CFOHornick  Slade Texas Farm Bureau Mutual Insurance Company Waco TX CITOHowat  Chris Brickstreet Mutual Insurance Company Charleston WV CINVO, CFOHoyng  Denny The Celina Mutual Insurance Company Celina OH CINVOHughes  Robert The Gray Insurance Company Metairie LA CINVO, CFOHutchinson  Wendy Service Lloyds Insurance Co. Austin TX CINVO, CFOJenkins  Wilbur Argo Group San Antonio TX COOJohns  Nathan Arches Mutual Insuance Company Salt Lake City UT CFOJohnson  Larry Investors Heritage Life Insurance Company Frankfort KY CFOJones  Brent Texas P&C Insurance Guaranty Association Austin TX CINVO, CFOKaderabek  Neal Pekin Insurance Pekin IL CITOKanowsky  Louis Illinois Mutual Peoria IL CINVO, CFOKeal  James Argent, A Division of West Bend Mutual Waukesha WI COO, CITOKerver  Keith Analytics Resource Center Westfield Center OH COOKessler John  Motorists Mutual Insurance Company      Columbus OH CITOKing  James Medical Insurance Exchange of California Oakland CA CINVO, CFOKlaus  Gregory Bar Plan Mutual Insurance Company Saint Louis MO CINVO, CFOKleinecke  Diane Sutter Insurance Company Petaluma CA CINVOKnobel  James Unified Life Insurance Company Overland Park KS CINVO, CFOKocek  Greg Texas Farm Bureau Mutual Insurance Company Waco TX COO, CITOKoenig  Thomas COPIC Insurance Company Denver CO CITOKoester  Ronald Cameron Mutual Insurance Company Cameron MO CINVO, CFOKohmann  Joseph Westfield Group Westfield Center OH CINVO, CFO

Kollath  MichaelEmergency Physicians Insurance Company Risk Retention Group

Madison WI CFO

Kukar  Kevin M Life Insurance Company Portland OR CINVOLaabs  Rick Mutual Benefit Insurance Company Huntingdon PA CITOLamanteer  Adam Cumberland Mutual Fire Insurance Company Bridgeton NJ CFOLaska  Tony Brickstreet Mutual Insurance Company Charleston WV CITOLawler  Gregory Government Personnel Mutual Life Insurance San Antonio TX CITOLawless  David Magna Carta Companies New York NY COO, CITOLawlor  Cynthia Beacon Mutual Insurance Company Warwick RI CFOLawrence  Michael North Carolina Mutual Life Insurance Company Durham NC CFOLay  Sherman Trinity Life Ins Co Louisville KY CINVOLemos  Sabrina Sentinel Security Life Ins Co Salt Lake City UT COOLex  Michael Nationwide Insurance Columbus OH COO

Monroe    Farm Bureau Mutual Insurance  Macon GA CITO

Last First Company City State RoundtableLichtenthal  Jason PURE Insurance White Plains NY CITOLinardi  Frank Injured Workers' Insurance Fund Baltimore MD CFOLindquist  John Great Western Insurance Company Ogden UT COO, CITOLocke  Justin American Traditions Insurance Company Pinellas Park FL CINVO, CFOLontz  Bradley Nautilus Insurance Group Scottsdale AZ CITOLopez  Laura Universal Insurance Company of North America Sarasota FL CINVO, CFOLorentz  Paul Senior Health Insurance Company of PA Carmel IN CINVOLowenthal  Craig Berkley Asset Protection Underwriters New York NY COO, CITOMackey  Scott Columbia Mutual Insurance Co Columbia MO CITOMacLeod  Robert Union Mutual of Vermont Companies Montpelier VT CITOMadaj  Ted American Agricultural Insurance Company Schaumburg IL CINVOMahadevan  Rajani Beacon Mutual Insurance Company Warwick RI CITOMapes  Mike Texas Medical Liability Insurance Underwriting  Austin TX CITOMasarek  Lisa CV Starr Co. New York NY CITOMcCaffrey  Paul Grange Mutual Insurance Company Columbus OH CFOMcCormick  Thomas Louisiana Medical Mutual Insurance Co ‐  LAMMICO Metairie LA CINVO, CFOMcEntee  Scott Farmers Mutual Hail Ins Co of Iowa West Des Moines IA CFOMcGough  Rodney Ohio Bar Liability Insurance Company Columbus OH CINVO, CFOMcIntyre  Heidi ICAT Boulder CO CITOMencel  Teresa Houston Casualty Company Houston TX CITOMendoza  German ProAg Management Maple Grove MN CITOMendoza  Lourdes Government Personnel San Antonio TX CFOMercier  Elizabeth The Travelers Companies, Inc. Hartford CT CINVOMiller  Charles Oxford Life Insurance Co Phoenix AZ CINVO, CFOMills  Forrest Guaranty Income Life Insurance Company Baton Rouge LA CINVO, CFOMiske  Mark Indiana Farm Bureau Insurance Companies Indianapolis IN CFOMitchel  Ken Clements Worldwide Washington DC CITOMitchell  Shane Investors Heritage Life Insurance Company Frankfort KY CINVOMonroe  LarryLarry Georgia Farm Bureau Mutual Insurance CoGeorgia Co Macon GA CITOMontero  Jennifer Citizens Property Insurance Corporation Tallahassee FL CFOMoon  Blaine The MGIS Companies Salt Lake City UT CFOMoore  Lauren Celestite Holdings Irving TX COOMorales  Jacquline AXA Equitable Life Charlotte NC COOMorgan  Tim The Republic Group Dallas TX CINVO, CFOMunk  Dave Equitable Life & Casualty Insurance Company Salt Lake City UT CINVOMunson  Chris Texas Association of Counties Austin TX COO, CITOMurata  Jennifer DTRIC Insurance Company, Limited Honolulu HI CFOMusick  Rob Cumberland Mutual Fire Insurance Company Mansfield OH CITOMyers  Ed CV Starr Co. New York NY COO, CITONaish  Steve Catlin Specialty Insurance Co. Atlanta GA CITONaum  John Northern Neck Insurance Company Irvington VA CFONeely  Thomas The Gray Insurance Company Metairie LA COO, CITONiehaus  James Great American Insurance Cincinnati OH COO, CITONikander  Stephen Mercury Insurance Group Santa Clarita CA CINVONockels  Dave Oklahoma Farm Bureau Mutual Insurance Co Oklahoma City OK CITO

Noggle  Vincent Franklin Mutual Insurance Co Branchville NJ CINVO, CFONovascone  Mike Federated Rural Electric Ins Exchange Lenexa KS CINVO, CFOONeill  Darby Princeton Insurance Company Princeton NJ CITOO'Rourke  Shawn Amerisure Companies Farmington Hills MI CITOOuellette  Gary Union Mutual Fire Insurance Company Montpelier VT COO, CITO

Last First Company City State RoundtableOverhulse  Jennifer St Nick Media Services Verona KY CITOPalmer  Darren Mutual Insurance Company of Arizona Mesa AZ CITOPearce  Aaron Farmers Mutual Hail Ins Co of Iowa West Des Moines IA CFOPenrod  Deb MMIC Insurance, Inc. Minneapolis MN CITOPhelan  Thomas Chesapeake Employers Insurance Company Towson MD CINVO, CFOPierce  Neal Cumberland Mutual Fire Insurance Company Bridgeton NJ CINVO, CFOPintacuda  Jennifer Gulfstream Property and Casualty Insurance Company Sarasota FL CFOPinto  John Seibels Columbia SC CITOPoirier  J Jeffrey Lumbermen's Underwriting Alliance Boca Raton FL CINVO, CFOPoladia  Atul Texas Municipal League Intergovernmental Risk Austin FL CITOPollak  Matthew State Automobile Mutual Insurance Company Columbus FL CINVO, CFOPomilia  Joseph IASA International Office Park Ridge FL CINVO, CFORamey  John Alaska National Insurance Company Anchorage FL CITORasmussen  Brad Merchants Bonding Company (Mutual) Des Moines FL CITOReid  David Lawyers' Professional Indemnity Company Toronto FL CITORhoades  Eric Co‐operative Insurance Companies Middlebury FL CITORiley  Karen Preferred Professional Insurance Company Omaha FL CINVO, CFORivers  Bryan Seibels Columbia FL CFORizzo  Joseph Chicago Underwriting Group, Inc. Chicago FL COO, CFORobison  Mark Brotherhood Mutual Insurance Company Fort Wayne FL COO, CFORodriguez  Dawson Funeral Directors Life Insurance Company Abilene FL CITORogers  Tim Travelers Hartford FL CFORoth  Mark IASA International Office Salem FL COO, CITORutledge  Timothy Harford Mutual Insurance Company Bel Air FL CFOSanderford  Mark HCC Life Insurance Co. Marietta FL CFOScheffer  Shelley Germania Farm Mutual Insurance Association Brenham FL CINVOSchlichting  Tom Central States Indemnity Company of Omaha Omaha FL CFOSchmidt  James Farmers New World Life Insurance Company Mercer Island FL CINVO, CFOSchmidt  Kirk Cornerstone National Insurance Columbia FL CFOScyphers  Michael Markel Corporation Glen Allen FL CINVO, CITOSeale  Kris Funeral Directors Life Insurance Company Abilene FL CINVO, CFOSeppel  Paul Indiana Farmers Mutual Insurance Company Indianapolis FL CINVO, CFO

Sersha  SusanPennsylvania Professional Liability Joint Underwriting Association

Plymouth Meeting FL CINVO, CFO

Sherman  Jason West Bend Mutual Insurance Company West Bend FL CFOShirk  Philip Goodville Mutual Casualty Company New Holland FL CFOSinco  Russell Alfa Insurance Group Montgomery FL CFOSingh  Piyush Great American Insurance Group Cincinnati FL CITOSison  David Mitsui Sumitomo Insurance Group Warren FL CITOSkubal  Tony Wisconsin Mutual Insurance Company Madison FL CINVO, CFOSloan  Joseph Mutual Benefit Insurance Company Huntingdon FL CINVO, CFOSmith  Michael United National Casualty Insurance Co Jacksonville FL CINVO, CFOSmith  Peter Alberta Motor Association Edmonton FL CITOSmith  Sara Attorneys Liability Protection Society Missoula FL COO, CFOSnyder  Lisa Alamance Farmers' Mutual Insurance Co. Graham FL CINVO, CFOSomogyi  Ken Madison Mutual Insurance Edwardsville FL CITOSorenson  Eric Arches Mutual Insuance Company Salt Lake City FL CITOSpringberg  Mary Allstate Northbrook FL CITOStoeckert  Michael ProAssurance Companies Birmingham FL CITOStorer  Ned Society Insurance Fond du Lac FL CFOStratton  Chris Atlantic Casualty Insurance Company Goldsboro FL CITO

Last First Company City FL RoundtableStuckal  Sam TowerGroup Chishire FL CFOSwenson  Andy United Property & Casualty Insurance Co Saint Petersburg FL CITOTainsky  Stuart PURE Insurance White Plains FL COO, CITOTaylor  Heather Louisiana Medical Mutual Insurance Co ‐  LAMMICO Metairie FL CINVO, CFOTerelmes  Michael White Mountains Solutions Glastonbury FL CINVO, CFOThompson  Jane State Automobile Mutual Insurance Company Columbus FL CFOThompson  Reed USAble Life Little Rock FL CINVOThorp  Peter Dryden Mutual Insurance Co. Dryden FL COOTien  Steve Westfield Group Westfield Center FL CITOTosch  Larissa Glatfelter Insurance Group York FL COOTroester  Keith EMC National Life Company Des Moines FL CINVO, CFOUnderwood  Joyce Missouri Employers Mutual Insurance Co. Columbia FL COOValentine  Aaron Preferred Mutual Insurance Company New Berlin FL COO, CFOVedder  Frank BTS (WR Berkley Corp) Urbandale FL CITOVoorhies  Greg Mutual Insurance Company of Arizona Scottsdale FL CINVO, CFOWalker  Bruce Nippon Life Insurance Company of America New York FL CFOWalker  Roger Cornerstone National Insurance Company Columbia FL COOWann  Jeffrey Illinois Mutual Life Insurance Company Peoria FL CITOWest  Ann IMT Insurance Co West Des Moines FL CITOWest  Don State National Insurance Company Inc Bedford FL COOWestfield  Steve Atlantic Casualty Insurance Company Goldsboro FL CINVO, CFOWiebelhaus  Bill Pharmacists Mutual Insurance Company Algona FL CITOWiedrick  Jennifer AAA Auto Club South Insurance Company Tampa FL CINVO, CFOWilson III  Ralph F. Cumberland Mutual Fire Insurance Company Bridgeton FL CINVO, CFOYassine  Farouk Insurance Data Management Association Inc Jersey City FL CITOYenzer  Douglas Catholic Relief Insurance Company of America Bellevue FL CINVO, CFOYien  Richard Everest Reinsurance Company Liberty Corner FL CITOZieden‐Weber  Kenneth Xchange Benefits, LLC White Plains FL COO, CFOZiemann  Louise State Farm Insurance Companies Bloomington FL COO, CFO

Sponsor Registrants as of May 14, 2014 AAM Insurance Investment Management - www.aamcompany.com Marco Bravo Colin Dowdall John Olvany Neelm Pradhan Agile Technologies - www.agiletech.com

Robert Buhrle Nick Coenen William Freitag John Johansen BKD, LLP - www.bkd.com Christie Clements Susan Kelley Tom Wheeland

BMS Intermediaries, Inc. - www.bmsgroup.com Rom Braga John Faustman Kristine Westall Centric Consulting, LLC - www.centricconsulting.com Chad Caldwell

Clearwater Analytics LLC - www.clearwater-analytics.com Eric Gwilliam Brian King Molly Petrowiak Dixon Hughes Goodman LLP - www.dhgllp.com Matt Church John Roberts Ernst & Young LLP - www.ey.com Liza Benner Laura Ford Michele Rodin Paul Sussex Exigen Insurance Solutions - www.exigeninsurance.com Steve James

Guy Carpenter & Company, LLC - www.guycarp.com Jessica Arbittier

Dave Domino Lawrence Mitchell Robert Roehr Mitchell Dean IBM Software Group - www.ibm.com John Hale Craig Bedell

Insurity - www.insurity.com Bruce Broussard Bob Larew Sylvester Mathis ISCS - www.iscs.com Conrad Garvey Phil Iaccarino Doug Moore Andy Scurto Tim Shelton Johnson Lambert LLP - www.johnsonlambert.com Gary Bowers Marcia Jerding James Murphy Tim Nowak Brandy Vannoy JP Morgan Asset Management - www.jpmorgan.com

Greg Tell Vincent Kelly MajescoMastek - www.majescomastek.com

Sal Abano Anil Chitale Pramod Desai Natasha Nauth Erik Stockwell Prime Advisors, Inc. - www.primeadvisors.com Frank Conde Eleanor Kam Lewis Leon Kate Pizzi SS&C Technologies - www.ssctech.com

J. Timothy Reilly Bill Stone SunGard - www.sungard.com

Dan Buttolph Kenneth Crease Daniel DeRosa John Vercellino Julie Wuertz The Nolan Company - www.renolan.com Mike Bondura Steven Callahan Steve Discher Gerald Shields Dennis Sullivan Rod Travers