News

Dear Member: Thank you for taking the time to review and vote for the candidates for officers and board members. With the votes tallied, I would like to welcome the new members of the SIFM Board of Directors: William Burke, Partner, PwC Brian Clouse, Partner, Mazars USA LLP Dana D’Amelio, Partner, EY Russell Sommers, Senior […]

Caldwell NJ, October 23, 2020 – The SIFM announces new officers serving 2-year terms: President Sean Egan, Partner New York Financial Services of KPMG; Executive Vice President John Yoon, Managing Director of AIG; and Vice President and Treasurer Gregory Giardiello, Deputy Chief Financial Officer & Chief Accounting Officer of QBE North America Also announcing newly

SIFM Conferences 2020 As you may know, SIFM has cancelled the March, June, and Annual conferences. Although SIFM has cancelled our conferences, we have invested in meaningful online activities with the goals of keeping in touch and staying relevant during this ongoing pandemic. The members of the Board of Directors and the President’s Advisory Council

Edward Majkowski, Americas Insurance Sector and Advisory Leader for EY says: “As customers’ expectations continue to rise, insurers must evolve their business to stay relevant in today’s transformative age. The biggest risks – climate change, cyber threats, ownerless and driverless vehicles, the worldwide protection gap, tech-driven disruption – are also the most compelling opportunities.” The

Kroll Bond Rating Agency (KBRA) was established as a challenger brand and remains dedicated to the restoration of trust in credit ratings. KBRA’s objective is to think beyond traditional credit rating protocols and take an innovative, more rigorous approach. Andrew Edelsberg, managing director of ratings analytics for KBRA’s insurance vertical, will provide insight into the

FASB ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts, makes targeted improvements to the existing recognition, measurement, presentation and disclosure requirements for long-duration contracts. Kim Kushmerick of the AICPA provides an overview, status updates and implementation issues.  The AICPA Financial Reporting Executive Committee and Insurance Expert Panel are developing working drafts of ASU 2018-12

Erin Mulloy, President of the SIFM and Partner with FSO Assurance, EY presented the SIFM 2020 Scholarship to Todd Fagan at the SIFM Quarterly Conference on December 5, 2019. Ms. Mulloy congratulated Todd for his dedication to his studies in the Risk Management and Insurance program at St. John’s University, as well as for his

Erin Mulloy, President of the SIFM and Partner with FSO Assurance, EY presented the SIFM 2020 Scholarship to Joseph Angelina. Ms. Mulloy congratulated Joe for his dedication to his studies at the Maguire Academy of Insurance and Risk Management at Saint Joseph’s. Erin said, “Joe has been intrigued with the insurance industry since he was

The chief financial officer (CFO) role is being disrupted by digital innovation, the proliferation of data, a volatile risk environment, increasing regulation and a growing circle of demanding stakeholders.  And CFOs are responding to these pressures in different ways. Roles vary depending on the disruptions CFOs and their organizations face, as well as their company,

Brandon Browne, a director in PwC’s SEC Services group, will provide a perspective on the current state of affairs at the SEC.  This includes the tone and direction set by the Chairman of the SEC, Jay Clayton. The discussion will include: recent SEC projects and initiatives newly proposed and adopted rules areas of focus for disclosure