The Federal Reserve Board has appointed seven members to its Insurance Policy Advisory Committee (IPAC), with four new members joining and three current members re-appointed. The announcement was made on Thursday.
The IPAC was created under the Economic Growth, Regulatory Relief, and Consumer Protection Act. Its role is to provide information, advice, and recommendations to the Board regarding insurance matters in both domestic and international contexts.
Members of the committee bring experience from several areas of the insurance industry. These include life insurance, property and casualty insurance, reinsurance, as well as backgrounds in accounting, actuarial science, regulation, policyholder advocacy, and capital markets.
The newly appointed members are Marjon Ghasemi (Corporate General Counsel at First American Financial Corporation), Dom Lebel (Chief Risk Officer at Protective Life Corporation), Randy Termeer (President of Property & Casualty Insurance Group at USAA), and Peter Tian (Group Treasurer at Equitable Holdings).
Re-appointed members include Martin Hansen (Head of Regulatory Policy at Liberty Mutual), Steve Jackson (Director of Research at the American Academy of Actuaries), and Kristin Ricci (Partner at Oliver Wyman).
“The IPAC, which was established by the Economic Growth, Regulatory Relief, and Consumer Protection Act, provides information, advice, and recommendations to the Board on domestic and international insurance issues.”
