Plenary & Panel Speakers
Douglas Anderson is the founder of Club Vita (www.clubvita.net) which specialises in applying modern data science techniques to innovate in longevity and mortality risk management. Club Vita is currently embarking on an exciting new chapter, collecting longevity data in the United States, its third country. The smarter collection and structuring of data enables more cost-effective ways both to reduce the risks of financing in later life and to help our societies face up to the challenges of ageing populations. He passionately believes that an international longevity “currency” would increase the security of pension promises.
Douglas has thirty years’ experience in practicing as a consulting actuary, across a diverse spectrum of engagements. He is a fellow of the UK’s Institute of Actuaries, and a Chartered Enterprise Risk Actuary. Douglas lives in Edinburgh, with his wife and two teenage children. To stay fit, Douglas enjoys cycling and skiing, and has recently taken up running to suit his nomadic lifestyle.
Karen Biddle Andres is the Director of Policy and Market Solutions and Project Director of the Retirement Savings Initiative. Karen was most recently Senior Vice President and head of the long-term savings and retirement practice at Financial Health Network (formerly CFSI), where she spent over ten years. She is a passionate advocate of consumer financial health and a leader in consumer-first financial innovation. Karen began her career in the retirement industry as a bilingual 401(k) plan educator for both Strong Funds and Wells Fargo Institutional Trust Services.
In her new role, Karen will lead Aspen FSP’s efforts to accelerate innovative market and policy solutions that can improve the short- and long-term financial security of American households. She will join our leadership team as a champion and a steward of the growing community of public and private sector leaders working with Aspen FSP to explore how the rapidly evolving financial system and public policies can work together to improve the financial security and financial well-being of all Americans. As a key part of this work, she will continue to shape the design and direction of the Aspen Leadership Forum on Retirement Savings.
Working across sectors and disciplines, Karen and the Policy and Market Solutions team seek to highlight market and policy gaps, jumpstart creative solutions, and build a diverse set of leaders who can turn ideas into action. Progress will require new thinking, new leaders, and new forms of collaboration. Working together it is possible to create a more financially inclusive economy with reduced wealth inequality and more deeply shared prosperity.
Karen holds M.B.A. and M.P.P. degrees from the University of Michigan. She also holds a B.A. in Spanish and Art History, with a minor in Mathematics, from Indiana University. She lives in Ann Arbor, Michigan, with her husband, Matt, and two young sons.
Angela M. Antonelli is a Research Professor and the Executive Director of the Center for Retirement Initiatives (CRI) at Georgetown University’s McCourt School of Public Policy. She also is a Fellow of the National Academy of Public Administration.
As the Executive Director of the CRI, Angela works closely with policymakers, states and stakeholders to strengthen retirement security by expanding the availability and improving the effectiveness of retirement savings, investment and income solutions for private sector workers.
Angela is relied upon for her insights and opinions on issues related to retirement security and savings, including options for plan design and related legal and regulatory considerations, appearing in the Wall Street Journal, New York Times, Pensions & Investments and many other major news outlets. She serves as an expert advisor to the World Economic Forum Retirement Investment Reform Project, is an invited regular contributor to Forbes.com and MarketWatch, and has served as a member or advisor to several state retirement task forces.
Prior to assuming her position at Georgetown, Angela served in senior positions in the government, consulting and nonprofit sectors, including as the Assistant Secretary & CFO for the U.S. Department of Housing and Urban Development, with responsibilities for a $30 billion budget and implementing a range of economic policies and programs. She has a B.A., summa cum laude, from Cornell University and an MPA with honors from Princeton University.
Robert Diefenbacher FSA, MAAA. Senior Vice President, Retrocession.
Bob is responsible for life retrocession business. He established the Boston office of Manulife Reinsurance in 2004, and ran the life retrocession business prior to its purchase by Pacific Life in 2011, where he then transitioned it (along with all employees) to Pacific Life Re. He has extensive experience in the insurance industry, having worked in a variety of pricing and product development roles at both insurance and reinsurance companies.
Michael Fasano is founder and President of Fasano Associates, a leading underwriting consulting firm serving the life, annuity, workers compensation and life settlement markets.
Before starting Fasano Associates, Mr. Fasano served as President of Trans-General Life Insurance Company; and before that, he worked as Investment Advisor for a large internally managed pension fund. Mr. Fasano started his career at the White House Office of Management and Budget.
Mr. Fasano received his B.A. from Northwestern University and his M.A. from the University of Wisconsin, Madison. He currently serves on the Board of Visitors for Northwestern University’s College of Arts & Sciences. He also serves as a Board member of the Institutional Longevity Markets Association (ILMA) and the European Life Settlement Association (ELSA). He is a frequent industry speaker and has published articles in Best’s Review, Pensions and Investments, and the National Underwriter.
Yanela Frias leads the Investment & Pension Solutions business at Prudential Retirement, where she is responsible for the Pension Risk Transfer, Longevity Reinsurance, Structured Settlements and Stable Value businesses, and related institutional product innovation efforts domestically and internationally.
Prior to this role, she was responsible for all aspects of Prudential Structured Settlements' strategy and operations. She was charged with advancing Prudential's position as a top-tier provider of Structured Settlements solutions, strengthening relationships with key intermediaries, optimizing Prudential's new business product offering and in-force obligations, and ensuring that clients and business partners received world-class customer service.
Prior to leading the Structured Settlements organization, Yanela was the Chief Financial Officer for Prudential's Individual Annuities business. In that capacity, she was responsible for the financial reporting, planning and analysis, capital management and corporate finance functions of the business. Before that assignment, Yanela was the Chief Financial Officer for Prudential's Individual Life Insurance business, where she led the finance function and played a significant leadership role in the acquisition of The Hartford's Individual Life Insurance business.
Before joining Prudential Individual Life Insurance, Yanela was a Managing Director within the Treasurer's organization, and an Assistant Treasurer for Prudential Financial, Inc. Yanela had full responsibility for the borrowing, liquidity, capital markets execution and capital planning functions for the enterprise. Before that, Yanela held various positions of increasing responsibility in the Treasurer’s organization, including Business Unit Treasury for several Prudential businesses. Yanela was also responsible for legal entity management for The Prudential Insurance Company of America, Pruco Life Insurance Company and the enterprise's captive reinsurance companies.
Yanela received a B.S. in accounting and an M.B.A. in finance from Rutgers University. She is a Certified Public Accountant and a member of the American Institute of Certified Public.
Tim Gordon is an actuary and partner in Aon’s UK Risk Settlement Group and leads Aon’s demographics analytics – Demographic Horizons™.
Tim’s work over the past few years has included advising reinsurers on best estimate mortality in relation to UK pension plan-related transactions for c.£100bn of liability and providing the longevity technical expertise on the structuring of c.£15bn of longevity reinsurance.
Tim has held various roles at the Institute and Faculty of Actuaries, and has only just stepped down as chair of the UK CMI’s Mortality Projections Committee, which produces the standard annual mortality projections for the UK actuarial profession. Tim has published a number of thought leading papers in the areas of financial economics, pension plan funding and sponsor covenant assessment.
Stephen C. Goss has been with Social Security Administratin for over 30 years, working in areas related to health insurance and long-term-care insurance as well as pension, disability, and survivor protection. Mr. Goss is Chief Actuary at the Social Security Administration. He joined the Office ofthe Chief Actuary after earning his M.S. in Mathematics from the University of Virginia in 1973, and B.S. in Mathematics and Economics from the University of Pennsylvania in 1971. Mr. Goss has been a staff participant representing the Office of the Chief Actuary at the President's Commission on Pension Policy, the 1979, 1991, and 1995 Advisory Councils, the National Commission on Social Security, and the National Commission on Social Security Reform. He has also been a member in task forces and inter-governmental groups in the field of social insurance, health insurance, and long-term care insurance.
Steve Goss worked closely with Congressional staff on the 1983 Social Security Amendments, testified at Committee hearings, and was instrumental in the development of the provision for increasing the normal retirement age. He represented the United States at the Third International Social Security Seminar for Actuaries and Statisticians in Rome in 1988. Mr. Goss has presented at several national conferences and has participated in numerous panel discussions, offering his in-depth expertise and experiences. In 2004, Steve was honored as the first recipient of the Robert M. Ball Award for Outstanding Achievements in Social Insurance by the National Academy of Social Insurance, for exemplifying “public service” at its best.
HALL R. Dale
R. Dale Hall, FSA, CERA, MAAA, CFA is Managing Director of Research for the Society of Actuaries in Schaumburg, Illinois. In his role, Dale coordinates the SOA’s strategic research partnerships, oversees SOA experience studies, coordinates research across the SOA’s wide variety of actuarial practice areas, and directs the SOA’s data-driven in-house research initiatives. He is a frequent speaker at insurance and retirement industry meetings to highlight SOA research, including presentations to the actuarial task forces of the NAIC and congressional committee testimony on pension plan mortality rates. He has appeared on behalf of the SOA in a variety of media outlets including coverage on C-SPAN and National Geographic’s BREAKTHROUGH television series, and hosts the weekly Society of Actuaries Research Insights Podcast. Prior to joining the SOA, Dale spent over 20 years in the US insurance industry, primarily as Chief Actuary for the Life/Health companies of COUNTRY Financial.
Dale is a Fellow of the Society of Actuaries, a Member of the American Academy of Actuaries, a Chartered Enterprise Risk Analyst and a CFA charterholder. Dale earned his MBA in Finance from Capital University and his BS in Mathematics from John Carroll University.
Carolyn Kennedy is Vice President, Employee Benefits for Chubb, the world’s largest publicly traded property & casualty insurance company and the largest commercial insurer in the U.S. with operations in 54 countries. In her role as Vice President, Employee Benefits she is responsible for ensuring the successful development, management and execution of Chubb’s benefits strategy.
Prior to joining Chubb, Carolyn was Assistant Vice President at MetLife in the Global Employee Benefits business where she was responsible for supporting product development for the multinational employee benefits and expatriate group insurance businesses. Carolyn also held Global Benefits roles at Becton Dickinson (BD) and Ingersoll Rand where she was responsible for developing corporate policy and strategy for global employee benefits and global mobility programs.
She has more than 25 years of employee benefits experience working both in the US and Zurich, Switzerland.
Carolyn holds a B.S. in Marketing from King’s College and is married to the love of her life, Ed Kennedy who is an artist and photographer. She has three fantastic step-children and one very spoiled dog named Quincy.
Amy Kessler is senior vice president and head of Longevity Risk Transfer within the Pension Risk Transfer business of Prudential Financial, Inc. (PFI). In this role, Amy leads PFI’s longevity reinsurance business globally and serves on the senior leadership team for PFI’s pension risk transfer efforts in the United States. In 2011, Amy led PFI's successful launch of its longevity reinsurance product and, together with her exceptional team, has closed nearly $60 billion in international reinsurance transactions since, covering members of more than 200 pension funds in the United Kingdom, including British Airways and Rolls-Royce. In 2014, Amy led PFI’s reinsurance team in the largest and most innovative longevity risk transfer transaction on record for the BT Pension Scheme. This transaction was recognized as “Deal of the Year” by Risk Magazine and earned PFI top honors as “Reinsurer of the Year;” an honor they have now received for four consecutive years (2014-2017). With nearly 30 years of experience, Amy is an innovator whose work helps pension funds proactively manage longevity risk and create retirement security for their members.
Paul Kitson is a Partner and Actuary based in the UK and leads PwC's Pensions and Savings Disruption team. Paul also forms part of PwC's Global Longevity Risk team, leading work that looks at the changing demographic and ageing issues that many countries are facing. Paul has worked with some truly iconic clients, including the BBC, USS and British Airways. Paul was previously a Managing Director at Nomura, the global investment bank and before that a Consulting Actuary at Willis Towers Watson and Aon.
Paul has led many UK pension fund longevity derisking transactions, often industry ‘firsts’, including the first ever multi-cell captive longevity hedging project for the British Airways pension funds, reducing their exposure to pension fund members living longer than expected in respect of several billion of liabilities.
Michael Knowling is Head of Client Relations and Business Development within Prudential Retirement, a business unit of Prudential Financial, Inc. (NYSE: PRU), and a leading provider of defined contribution, defined benefit, nonqualified deferred compensation plan administration, and institutional investment and risk management services. He is responsible for managing the profitability, growth and client satisfaction for Prudential’s current book of business while developing and delivering innovative retirement solutions.
His most recent role was vice president, Key Accounts at Prudential Retirement where he led the eastern U.S. client service team responsible for the retention, profitability and satisfaction of more than 500 clients. Prior to that, Knowling served in several sales, service, plan transition and underwriting roles for Prudential Retirement and CIGNA.
Knowling serves on the Board of the National Conference for Community and Justice (NCCJ) and the Advisory Board of Each Enterprise, LLC. He is also the executive sponsor for the Hispanic Heritage Network and a mentor with the Black Leadership Forum at Prudential Retirement.
Knowling was named in Savoy Professional magazine's 2008 "Top 100 Most Influential Blacks in Corporate America." Knowling holds a B.S. degree in Finance and Management from Eastern Connecticut State University. He holds FINRA Series 7, 24, and 63 licenses.
Lori Lucas, CFA, is the President and CEO of EBRI. Lori is responsible for leading EBRI in its mission to provide unbiased, fact-based research and data on retirement, health care, and other benefits that provide financial security for American workers.
Formerly, Lori was an Executive Vice President and Practice Leader at Callan, where she led Callan's DC business, and developed research and insights into retirement trends for the benefit of clients and the industry.
In previous roles, Lori was Director of Retirement Research at Hewitt Associates, served as a vice president at Ibbotson Associates, as a pension fund consultant at J.H. Ellwood & Associates, and an analyst and product development leader at Morningstar, Inc.
Lori received a Bachelor of Arts from Indiana University and earned a Masters from the University of Illinois. Additionally, she earned the right to use the Chartered Financial Analyst® designation. Lori is the immediate past Chair of the Defined Contribution Institutional Investment Association and has served as the Vice Chair and Research Chair of EBRI. She is a former columnist for Workforce Management online magazine. She has testified before the Senate HELP Committee, the DOL, SEC, and ERISA Advisory Council. Her views have frequently been cited in the press, and in articles and white papers she has written. She has also been a featured speaker at national and international conferences.
Kirsty Maclean is a senior associate in the London office of Willkie Farr &Gallagher (UK) LLP and member of the Corporate and Financial Services Department. She advises insurance, reinsurance and other financial institution clients on a broad range of non-contentious matters. Ms. Maclean has particular expertise advising on complex (re)insurance transactions (and related security arrangements) and regularly advises on life and pensions risk transfer transactions in the United Kingdom. Her practice also includes advising on policy wordings, (re)insurance business restructurings and capital optimisation projects, regulation of (re)insurers in the UK and Europe and the interface between (re)insurance and the capital markets.
Ms. Maclean has gained substantial experience working in-house in the insurance and reinsurance sectors. In particular, she advised Swiss Re’s life and health structured transactions business in Europe and Asia from January 2013 until she joined Willkie in December 2015.
Moshe A. Milevsky is a professor of finance at the Schulich School of Business, a member of the Graduate Faculty in Mathematics and Statistics at York University in Toronto, a fellow of the Fields Institute for Research in Mathematical Sciences and is on the editorial board of numerous academic and practitioner journals.
He has published 15 books and over 60 peer-reviewed articles in the areas of financial mathematics, pension economics, actuarial science, as well as the history of annuities. His most recent (2019) book is entitled: Longevity Insurance for a Biological Age: Why Your Retirement Plan Shouldn’t Be Based on the Number of Times You Circled the Sun.
Chief Executive Officer, Legal & General Re in Bermuda and Director, Bermuda International Long Term Insurers and Reinsurers
Thomas Olunloyo is CEO of Legal & General Re in Bermuda having previously served as chief actuary and chief investment officer. Prior to joining Legal & General, he was pricing and product development actuary at MetLife in the UK. Olunloyo is also a director of the Bermuda International Long Term Insurers and Reinsurers (BILTIR) association, having served on the Board since 2017.
He studied mathematics and philosophy at the University of Oxford and is a Fellow of the UK Institute of Actuaries.
Georgiana Pascutiu is a VP and Medical Director at RGA International Corporation, supporting on a wide range of medical-related issues. She is board certified in Insurance Medicine by the American Academy of Insurance Medicine (AAIM) and specialized in internal medicine, nephrology and ultrasonography. Prior to joining RGA in 2016 she served for twelve years as a medical director for Manulife.
Dr. Pascutiu is past president of the Canadian Life Insurance Medical Officers Association (CLIMOA) and current scientific chair.”
Patrick Tedesco is an associate in the Corporate & Financial Services Department in New York. Mr. Tedesco advises insurance and reinsurance
companies on longevity and pension risk transfers and capital markets matters. He also has significant experience representing borrowers and
lenders in acquisition, asset-based and leveraged financings..
Prudential Financial on its quota share reinsurance of a £3.4 billion longevity transaction with MMC (Marsh & McLennan Companies) pension fund.
Prudential Financial on a series of collateralized longevity-only reinsurance transactions with Rothesay Life, Pension Insurance Corporation and Legal & General.
Prudential Financial on multiple PRT buy-out transactions with US pension plans
Prudential Financial on its creation of a longevity reinsurance "flow" facility with Pension Insurance Corporation
Prudential Financial on its $1.4 billion longevity-only PRT transaction with Aviva
A global reinsurance company on a proposed US longevity-only PRT transaction (the first of its kind in the United States)
A US insurance company on a development of a US PRT program designed for small- to mid-market transactions
Phil Waldeck is President of Prudential Retirement, a business unit of Prudential Financial, Inc. (NYSE: PRU), and a leading provider of defined contribution, defined benefit, nonqualified deferred compensation plan administration, and institutional investment and risk management services with account values in excess of $454 billion.
Waldeck leads Prudential Retirement as it aims to transform the retirement landscape with progressive and responsive solutions for public, private, and nonprofit organizations, as well as products and services to make long-term financial security a reality for millions of individuals. The business holds top-tier market positions in Defined Contribution (DC) recordkeeping and administration, Stable Value investing, guaranteed lifetime income solutions for DC plans, and Pension Risk Transfer and longevity reinsurance strategies.
Prior to his current role, Waldeck was the architect of the Pension Risk Transfer business within the financial services industry and led two of the landmark pension buy-outs in the U.S. with General Motors ($25 billion) and Verizon ($8 billion), as well as the nation’s first pension buy-in with Hickory Springs. Additionally, Waldeck’s team executed the breakthrough $28 billion reinsurance transaction covering longevity risk from the British Telecom Pension Scheme (Plan), as well as international longevity reinsurance transactions with UK insurers that cover pensions from Rolls Royce, British Airways and over 200 other U.K. pension plans.
Waldeck previously led Prudential Retirement’s Products & Advisory Services businesses. Before joining Prudential, Phil served as a senior vice president in CIGNA’s retirement business.
Phil earned a bachelor’s degree, magna cum laude, from Tufts University and an MBA from the University of Michigan. He serves as the Chair of the Prudential Retirement Insurance and Annuity Company Board of Directors.