The FED on Thursday announced seven members, including three new members, of its Insurance Policy Advisory Committee, or IPAC. The members will serve three-year terms beginning in 2021.
The IPAC, which was established by the Economic Growth, Regulatory Relief, & Consumer Protection Act, provides information, advice, & recommendations to the Board on domestic & international insurance issues.
This year, the inaugural IPAC members began serving staggered terms ranging from one to three years, & four have been selected to serve three-year terms beginning next year. Additionally, three new members will also start three-year terms next year.
IPAC members have expertise in life insurance, property & casualty insurance, & reinsurance, & have professional backgrounds in insurance accounting, actuarial science, academia, insurance regulation, policyholder advocacy, capital markets, & other areas.
Senior Vice President, Treasurer
Vice President & Head, International Regulatory Affairs
Managing Director, Head of Enterprise Risk Management
Global Atlantic Financial Company
The Auto Club Group
Executive Vice President, General Counsel, Secretary & Chief Human Resources Officer
Partner, Head of Insurance Practice Group
AXA Equitable Life
Chief Risk Officer
Halina von dem Hagen
Global Treasurer & Head of Capital Management
For media inquiries, call 202-452-2955.
On Dec. 12, 2020, the press release was updated to change the name of the company to Mindset from The Cypress Group.
Source: Federal Reserves
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