Quarterly Conference - SIFM · 2019. 3. 26. · SIFM president, partner FSo Assurance, eY Ms....

S O C I E T Y O F I N S U R A N C E F I N A N C I A L M A N A G E M E N T

Society of Insurance Financial Management






CPE Conference and Networking Reception

Wednesday, March 27, 2019

PwC300 Madison AvenueNew York NY 10017

C o - S p o n S o r S

QuarterlyConference


CPE Quarterly Conference AgendaA g e n d A

12:30 – 1:15 pm Registration, Luncheon

1:20 – 1:30 pm Welcome — SIFM president Erin Mulloy, Partner FSO Assurance, EY

1:30 – 2:20 pm Harnessing growth: The LIMrA-eY experienced Financial Advisor Study Mark Hopkins, Executive Director, EY

2:20 – 3:10 pm Insurance Company Tax reform Update Jacob Alter, Senior Tax Attorney, MetLife, Inc Chris Riffle, Director, International Tax Services, PwC Joy Tegtmeyer, Partner, PwC

3:10 – 3:30 pm Refreshment Break

3:30 – 4:20 pm The new California Consumer privacy Act (CCpA) and Future privacy Trends Derek Han, Principal Cyber Risk Services, Grant Thornton LLP Rebecca Greenhalgh, Global Alliances Executive, OneTrust, LLC 4:20 – 5:10 pm presentations by Students from the Maguire Academy of Insurance and risk Management, Saint Joseph’s University: Student Analysis of an Insurance Company, Student erM project results, InsurTech Brendan Tarte, Kayla Cecchine, Nicholas Myers, Carlie Stoy, Ashley Myers, Kate Branson, Daniel Tan, Joseph Angelina

5:10 – 6:00 pm digital Transformation — Implementation Challenges and realities Anil Bhatia, Vice President, Insurance, Atos-Syntel

6:00 – 8:00 pm Networking Reception

Program DetailsC p e C r e d I T

Conference attendees can earn up to 5 CPE Credits in Specialized Knowledge and Taxes. Please sign-in and sign-out on the CPE Attendance Sheets to earn credit.

W H o S H o U L d A T T e n d

Finance, accounting and tax professionals in the insurance industry or public practice should attend. The sessions are relevant to those in accounting, capital management, finance, information technology, risk management and tax as well as compliance and reporting in the insurance industry.

L e A r n I n g o B J e C T I V e S

Conference attendees will be able to:• Discuss current issues affecting the insurance industry• Understand the regulation and taxation of insurance and reinsurance companies• Understand how the new privacy regulations will impact insurance companies


PresidentErin E. Mulloy, Partner FSO Assurance, EY

Executive Vice PresidentSean W. Egan, Partner New York Financial Services, KPMG LLP

Vice President and TreasurerJohn Yoon, Controller, AIG

Officers

The Society of Insurance Financial Management is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.

Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

NASBA Registry Number: 103140New York State Continuing Education Sponsor License Number: 000455

B o A r d o F d I r e C T o r S

Vincent R. Burke, Senior Advisor, Mazars USA LLP

Michael J. Castelli, SVP & CFO, C.V. Starr & Co, Inc

Richard G. Gander, Partner, Deloitte LLP

Gregory Giardiello, SVP & Chief Accounting Officer, QBE North America

James R. Gruber, Managing Director, PwC

Laurie L. Harris, Non-Executive Director, QBE North America

Elaine Lehnert, Managing Director, Ankura Consulting

Edward Majkowski, Jr., Americas Insurance Sector Leader, EY

Paul Mallen, President & Chief Executive Officer, Amalgamated Life Insurance Company

N. Adriana Nivia, Chief Financial Officer-U.S., Renaissance Reinsurance U.S. Inc

Christopher McNulty, EVP, CFO & Treasurer, Greater New York Insurance Companies

Sarah Sheldon, AVP, Assistant Tax Counsel, MetLife, Inc

Matthew Tierney, Global Insurance Practice Leader, Grant Thornton LLP

p r e S I d e n T ’ S A d V I S o r Y C o U n C I L

William F. Burke, Partner, PwC

Brian J. Clouse, Partner, Practice Leader, Insurance Sector, Mazars USA LLP

Kenneth Croarkin, Partner-in-Charge, Insurance Industry Services, EisnerAmper LLP

John M. Cunningham, VP – Chief Financial System Officer, CV Starr, A Member of Starr Companies

Gregory Domareki, Managing Director, Deloitte Tax LLP

John Fitzgerald, Corporate Controller, ProSight Specialty Insurance

Michele Landon, Tax Director, EY

Jayme Lazaro, Principal, Johnson Lambert LLP

Imran Makda, Managing Partner – Greater New York Insurance & Banking Practice, BDO USA

William Mellon, Partner, Mazars USA LLP

Russell Sommers, Senior Manager, Baker Tilly Virchow Krause LLP

John Swanick, US Insurance Industry Partner-in-Charge, Grant Thornton LLP


Speaker Biographies

Erin MulloySIFM president, partner FSo Assurance, eY

Ms. Mulloy has 17 years of experience in financial services specializing in property and casualty and life insurance, insurance brokers and broker dealers. In that capacity, Erin has substantial experience with both GAAP and STAT accounting, public company SEC reporting and SOX 404. Erin has also served a number of audit and non-audit clients in the insurance industry advising them on business combinations, SEC filings, public equity and debt offerings, converting from statutory Japan GAAP, or the cash basis of accounting to US SEC GAAP.

Erin has served on several property & casualty insurance engagements including one of the firm’s largest public property and casualty insurance clients. She has experience with US GAAP, SOX 404, quarterly reviews, various SEC filings and statutory accounting. Erin has also assisted clients with the diagnostic phase of US GAAP to IFRS conversion. She is also involved with SSAE 16 reports and benefit plans audits including 11-K filings for 401(k), pension and health and welfare plans. Erin also has experience in performing due diligence engagements in connection with proposed M&A transactions.

Ms. Mulloy earned a BA from Fairfield University. Erin is a member of the American Institute of Certified Public Accountants and is a CPA licensed in the State of New York.

Contact: [email protected]

Mark Hopkinsexecutive director, Insurance Advisory practice, eY

Mr. Hopkins has over 25 years of international experience leading strategy, finance and operations engagements for financial services companies. His current work and research focuses on life insurance and annuity company modernization as well as the future of distribution including the impact of science, analytics and technology on advice, distribution and underwriting of insurance products.

Mark has participated in model office initiatives, led due diligence on new reinsurance private placements, supported a global divestiture program, and led an international public company readiness program across all functions for a global insurer.

He served as head of the financial institutions division of an Africa-based investment bank where he served on the boards of insurance brokers and underwriters. As part of an IPO, he transitioned to become CEO of a publicly traded insurance company in Southern Africa with property and casualty, life and retirement and asset management subsidiaries.

Mr. Hopkins earned a BS in business administration and economics from the Pennsylvania State University. He is a Chartered Life Underwriter. Mark also served as a volunteer in the US Peace Corps in Botswana, Africa.



Jacob AlterAVp, Senior Tax Attorney, MetLife, Inc.

Mr. Alter has 10 years of experience with MetLife focusing his practice on corporate and international tax issues. Jacob has participated in many global acquisitions, divestitures and internal restructurings, and advises on tax compliance, provision and planning.

Prior to joining MetLife, Jacob was a manager of international tax research and planning at the Interpublic Group (IPG), one of the world’s premier global advertising and marketing services companies with offices in over 100 countries. He began his career as an associate in the New York office of O’Melveny & Myers LLP, an international law firm of over 750 lawyers with 15 offices in 8 countries.

Mr. Alter received a JD from Georgetown University Law Center. He earned an LLM in taxation from New York University School of Law. Mr. Alter is a member of the American Bar Association and its section of taxation. He is admitted to practice law in the state of New York.


Christopher Riffledirector, International Tax Services, pwC

Mr. Riffle works with financial services clients in the insurance, banking and the alternative investment space. He advises clients in addressing international tax matters such as tax planning for cross-border acquisitions, dispositions and reorganizations, withholding taxes, permanent establishment issues, treaty interpretation, global effective tax rate planning, foreign tax credits, controlled foreign corporations, subpart F income, GILTI, passive foreign investment companies, and effectively connected income.

Mr. Riffle earned a BA in economics from the Arizona State University and a JD from the University of Arizona College of Law. Christopher was awarded an LLM in taxation from New York University School of Law.



Joy Tegtmeyerpartner, pwC

Ms. Tegtmeyer is a partner in PwC’s New York banking, capital markets and insurance tax practice. She has over 14 years of experience serving financial services clients in the insurance, banking, capital markets and alternative investments spaces (BCMI).

Prior to joining the BCMI practice, Joy spent eight years in PwC’s International Tax Services practice, focusing cross-border transactions, repatriation planning, foreign tax credit planning, and passive foreign investment company issues for multinational financial institutions.

Ms. Tegtmeyer earned a BA in business and mathematics from Principia College and an MPA in professional accounting from the Red McCombs School of Business at the University of Texas at Austin.

Joy is a licensed CPA in Texas and New York. She is a member of the Association of the Institute of Certified Public Accountants and the New York State Society of CPAs. She is a member of the SIFM.


Rebecca Greenhalghglobal Alliances executive, oneTrust, LLC

Ms. Greenhalgh supports a unique global partner program that offers data privacy resources and recommendations to over 50 global firms and consultancies that leverage the OneTrust platform to deliver robust regulatory compliance solutions to their customers. OneTrust is the largest and most widely used privacy management technology platform for compliance with global privacy laws.

Prior to OneTrust, Rebecca was with IBM working with their cloud services group. She was responsible for activating and growing a territory of white space CSP and MSP accounts in the Eastern United States, and integrating those clients into the IBM business partner ecosystem.

Rebecca earned a BS in business administration from the Georgia Institute of Technology. She is a Certified Information Privacy Professional (CIPP/E, CIPM).



Derek Hanprincipal, Cyber risk Services, grant Thornton LLp

Mr. Han has over 20 years of professional experience in cyber security and privacy consulting. His area of expertise includes cyber security and privacy program assessment and implementation, security and privacy policies and standards, as well as network security architecture, data protection and data privacy solution implementation.

Previously, Derek worked at Deloitte. Derek has helped global financial institutions in transforming their data privacy programs. He has managed large teams in implementing enterprise-wide IT risk, security and privacy programs, implemented enterprise wide IT asset management strategy and solutions, developed advanced risk-sensing solutions.

Derek has implemented enterprise-wide GDPR, privacy, and data protection solutions such as data inventory, data protection impact assessment (DPIA), data subject rights management (DSAR) as well as encryption and tokenization technologies

Mr. Han received an MBA from Iowa State University. He earned an MA in management information systems form the University of Iowa, Henry B. Tippie College of Business. Derek is a Certified Information Systems Security Professional (CISSP), a certified HITRUST CSF practitioner and a member of the Health Care Compliance Association.

Derek is a frequent speaker on data security and privacy issues and has recently served on a panel titled: “The Economy of Trust: How Data Privacy Is Driving Innovation” at the Fast Company Innovation Festival in New York City.


Anil BhatiaVice president, Insurance, Atos-Syntel

Mr. Bhatia has over 25 years of multi-functional global experience. His expertise is in leading large transformational IT initiatives in the financial services sector. In his current position, Anil helps insurance clients develop the strategy, and implementation of digital transformation including legacy modernization and intelligent automation.

Prior to Atos-Syntel, Mr. Bhatia was with Cognizant and Technosoft Corporation where he achieved success through honing organizational, communication and influencing skills.

Mr. Bhatia earned a BS in engineering from PEC University of Technology in Chandigarh, India. He was awarded an MBA in finance from the University Business School, India.




61 Mountain Ave.Caldwell, NJ 07006973 303 [email protected]

SIFM MissionSIFM provides a forum for members to learn, share and understand the most recent developments in insurance and reinsurance accounting, financial reporting, taxation, regulation and information technology.

It is a trusted community of financial insurance professionals that fosters an exchange of ideas among its members.

S I F M M e M B e r B e n e F I T S

• Catching-up with colleagues• Insights from industry thought leaders• Cost-effective way to stay ahead of industry trends.

SIFM — Your exclusive connection to the people, knowledge and trends that drive the insurance industry.

Save the Datesq U A r T e r LY C o n F e r e n C e

Wednesday, June 19, 2019KPMG345 Park AveNew York, NY 10154

A n n U A L C o n F e r e n C e

Sunday to Wednesday, September 15 – 18, 2019The Borgata Hotel and CasinoAtlantic City, NJ 08401

W o M e n o F S I F M

Late May 2019Dressing for Summer SuccessLocation to be determined

Quarterly Conference - SIFM · 2019. 3. 26. · SIFM president, partner FSo Assurance, eY Ms....

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