The Federal Reserve Board has appointed seven individuals to its Insurance Policy Advisory Committee (IPAC), including four new members and three re-appointed members. 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 issues both within the United States and internationally.
Members of the committee have expertise in areas such as life insurance, property and casualty insurance, reinsurance, insurance 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…provides information, advice, and recommendations to the Board on domestic and international insurance issues,” according to the Federal Reserve Board.
Further details about the committee can be found on the Federal Reserve’s website.
