The Federal Reserve Board 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, and Consumer Protection Act, provides information, advice, and recommendations to the Board on domestic and international insurance issues.
This year, the inaugural IPAC members began serving staggered terms ranging from one to three years, and 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 and casualty insurance, and reinsurance, and have professional backgrounds in insurance accounting, actuarial science, academia, insurance regulation, policyholder advocacy, capital markets, and other areas.
New Members Shweta Jhanji Senior Vice President, Treasurer Ameriprise Financial Bryan Pickel Vice President & Head, International Regulatory Affairs Prudential Financial Sarah Williams Managing Director, Head of Enterprise Risk Management Global Atlantic Financial Company Re-appointed Members John Bruno The Auto Club Group Executive Vice President, General Counsel, Secretary & Chief Human Resources Officer Bridget Hagan Mindset Partner, Head of Insurance Practice Group Aaron Sarfatti Equitable Chief Risk Officer Halina von dem Hagen Manulife Global Treasurer and Head of Capital Management For media inquiries, call 202-452-2955.
Note: On Dec. 12, 2020, the press release was updated to change the name of the company to Mindset from The Cypress Group.
Note: On Dec. 17, 2020, the press release was updated to change the name of the company to Equitable from AXA Equitable Life.
