Advisory Board Meeting 2016

Russell started his career at the Sun Alliance and between 1994 and 2002 he underwrote Professional and Financial Lines before becoming the worldwide FI product leader. He is currently the Head of Financial Institutions at the Talbot Syndicate where he oversees all aspects of the division. He is ACII qualified and sits on a number of market committees, including chairing the LMA FI panel.

Nick Beecroft is Manager, Emerging Risks and Research at Lloyd’s. His team is responsible for providing foresight and actionable analysis on emerging risks, working with partners in the research community to provide forward-looking insight and to reduce uncertainty concerning new and rapidly changing risks. Key outputs are thought leadership reports, scenarios for stress-testing and insight to inform innovation strategy. Before joining Lloyd’s, Nick spent the majority of his career as an Intelligence Officer in the Royal Air Force. Appointments included attachments to central government in a counter-terrorism role and to the British Army, where he was responsible for operational planning and mentoring of local forces on deployed operations.

Siddhartha Dalal is the Chief Data Scientist and Sr. VP of Advanced Research and Technology at AIG focusing on technologies and research that have the potential to transform the insurance industry. As an integral part of this strategy, he concentrates on creating partnerships with external research institutions to identify key new research areas that can help AIG leapfrog the industry. He is also a member of the US Army Science Board and an Adjunct Professor at Columbia University teaching Data Mining and Machine Learning.

Prior to AIG, he was the CTO at RAND Corporation where he helped spinoff a risk analytics company, Praedicat Inc., in the casualty space. Sid’s industrial research career began at Math Research Center at Bell Labs and Bellcore where he was the Chief Scientist and Executive Director. This was followed by a career at Xerox as the Vice President of Research in charge of its worldwide imaging and software services research, which resulted in the transformation of Xerox to a services company.

Recipient of several honours, including Fellow of the American Statistical Association and Bellcore, Rochester Distinguished Scholar Medal, and best paper awards from ASA, ASQ and IEEE, Sid has co-authored over 100 peer-reviewed publications, patents and monographs covering the areas of medical informatics, risk analysis, image processing, stochastic optimisation, data/document mining, software engineering and Bayesian methods. He has also made contributions to the area of sensors and sensor networks. Sid holds a BS from the University of Bombay and an MBA and PhD from the University of Rochester.

Matthew is responsible for RMS’ worldwide sales, model product strategy, capital markets, emerging markets and corporate marketing. Matthew founded the RMS European office in 1996, and has been a leading advocate for the use of catastrophe modelling and risk assessment within the insurance and reinsurance markets since 1992. Prior to joining RMS, Matthew was involved in risk assessment and emergency planning for the nuclear, chemical, and offshore industries. He holds a degree in Mechanical Engineering.

Anna-Marie Greenaway is BP’s senior representative at the University of Cambridge and leads the strategy for the joint strategic relationship encompassing research to support BP’s global operations, recruitment, executive education and international research partnerships. She is a member of the Board of the BP Institute and sits on the Advisory Board of the Scott Polar Institute and the Clean Energy Centre at Tsinghua University, Beijing. Previously, Anna-Marie spent four years in BP’s Group Strategy team where she led the 2030 Energy Pathways research programme covering the US, EU, China, India and Brazil. This involved bringing together local, international and multi-disciplinary teams from across BP and incorporating external perspectives from wider industry sectors, government bodies and leading academics.

Earlier roles at BP have spanned special assignments to support Group Technology and Safety & Operations, Head of Downstream Change Leadership Capability and leading the Technical & Commercial Partnership between BMW & Castrol across Western Europe. Prior to BP, Anna-Marie’s spent 10 years in Retail operations, advertising and corporate communications with Exxon after joining their graduate programme in 1989 as a capital investment analyst.

Professor Frank Kelly is Master of Christ’s College and Professor of the Mathematics of Systems in the University of Cambridge. His main research interests are in random processes, networks and optimisation. He is especially interested in applications to the design and control of networks and to the understanding of self-regulation in large-scale systems. From 2003 to 2006 he served as Chief Scientific Adviser to the United Kingdom’s Department for Transport. He was chair of the Council for the Mathematical Sciences from 2010 to 2013, and a member of the RAND Europe Council of Advisors from 2008 to 2015. He is a Fellow of the Royal Society and a Member of the National Academy of Engineering.

Dr Michael Maran graduated from St Catharine’s College, Cambridge in 1983 with a bachelor’s degree in Natural Sciences (having studied the biological and geological sciences) and subsequently a master’s degree and PhD in Astrophysics from Queen Mary College, University of London. He is an ACII qualified Chartered Insurer with 30 years of experience in the insurance industry, and a Fellow of the Royal Astronomical Society. Mike joined the Catlin Group in 2002 and spent 10 years as Underwriter for the Space account. In 2012, he was appointed as the Catlin Group’s Chief Science Officer, and is also chairman of the Group’s Emerging Risks Committee.

In this new role, Mike works with Catlin underwriters, risk modellers, actuaries and other employees to improve Catlin’s risk assessment capabilities by reviewing the scientific aspects of risks. He also identifies new underwriting opportunities for Catlin created by scientific progress, and he serves as an advisor for various Catlin activities that are related to science, such as the current Catlin Seaview Survey.

Professor John Rees is the UK Research Councils (RCUK) Risk Research Coordinator and leads the RCUK Risk Research Network. He is the current chair of the UK Collaborative for Development Sciences Disaster Research Group, and is a visiting Professor of Petrophysics at Leicester University. Previously he was the Natural Environment Research Council (NERC) Natural Hazard Theme leader, and Head of Corporate Policy and Science Coordination at the British Geological Survey (BGS), where he has been based for most of his career. He has worked extensively on coastal and marine hazards, urban risks – largely in Africa, Latin America and Asia, and bridging the science-policy gap. He has authored over 100 papers, books and major reports and was one of the co-recipients of the 2012 Lloyds Science of Risk prize. He has been called-upon to provide advice or evidence to many UK and international scientific panels, Government Policy Reviews and Select Committees. Prior to joining BGS he was educated in Sussex, at Sheffield University and at Trinity College Dublin before working for a period in industry.

Dr Rainer Sachs heads the Group Accumulation and Emerging Risks team at Munich Re’s Integrated Risk Management division, developing risk identification and quantification tools for Munich Re’s global business operations. Before joining Munich Re, Rainer Sachs was working in the Credit Risk Management division at Unicredit. During his more than 10-year career in risk management, he has held various positions in financial and insurance risk management, both in Germany and Australia. Rainer Sachs’s current research interests focus on modelling complex risks in insurance and the human factor in decisions under uncertainty. He holds a PhD from the University of Munich/Max-Planck-Institute for extra-terrestrial Physics and a Master in cosmology from the Technical University of Munich/University of Pune (India).

Alan Smith is Senior Advisor – ESG Risk and Inclusion at HSBC where he helps shape their global management approach to ESG risks. He is a member of HSBC’s ESG Steering Committee and its Climate Business Council, which is responsible for shaping the bank’s sustainability strategy. From 1 October 2021, Alan has been appointed as the First Church Estates Commissioner of the Church of England.

Alan’s career spans 35 years in risk management, finance, investment banking and advisory roles at HSBC and KPMG. From 2011 to 2020, Alan was Global Head of Risk Strategy and Chief of Staff to HSBC’s Group Chief Risk Officer and has worked for HSBC for 27 years in a variety of senior ESG, risk and capital management, and investment banking roles. Prior to HSBC Alan worked for KPMG for 8 years. Alan is the Chair of the Systemic Resilience Forum of the Coalition for Climate Resilient Investment and also a Trustee of the Global Association of Risk Professionals. He is a Fellow of the Institute of Chartered Accountants in England and Wales and has an MBA in Finance from The Bayes Business School, City University of London.

David Spiegelhalter is Winton Professor for the Public Understanding of Risk, and Professor of Biostatistics, at the University of Cambridge. His background is in medical statistics, particularly the use of Bayesian methods in clinical trials, health technology assessment and drug safety. In his post he leads a small team (UnderstandingUncertainty.org) that attempts to improve the way in which the quantitative aspects of risk and uncertainty are discussed in society. He works closely with the Millennium Mathematics Project in Cambridge in trying to develop an exciting treatment of probability and risk for mathematics education. He gives many presentations to schools and others, advises organisations and government agencies on risk communication, and is a regular commentator on current risk issues. He presented “Tails you Win: the Science of Chance” and co-presented “Climate Change by Numbers”, both BBC4 documentaries, and in 2011 came 7th in an episode of Winter Wipeout on BBC1. He has over 190 refereed publications and is co-author of six textbooks, as well as The Norm Chronicles (with Michael Blastland). He is a Fellow of Churchill College Cambridge, an Honorary Fellow of the Institute for Risk Management, an Honorary Fellow of the Royal College of Physicians, and was elected Fellow of the Royal Society in 2005. He was awarded an OBE in 2006 and knighted in 2014, both for services to medical statistics.

Matt directs sustainability strategy, reporting and stakeholder engagement at Lockheed Martin Corporation, which under his tenure was added to the Dow Jones Sustainability Index and became the top-ranked Aerospace & Defense prime contractor named to CR Magazine’s 100 Best Corporate Citizens list. He led Lockheed Martin’s inaugural report in 2012, and its first core issues assessment, formal stakeholder summits and GRI-based report in 2013. He reports to the corporate vice president – Ethics & Sustainability, and sits on the Corporate Sustainability Council, which oversees ethics & business conduct, diversity & inclusion, and sustainability policy & performance.

From 2008 to 2012, Matt was Director of Enterprise Communications, where he led a team supporting the CFO, Executive Office of the Chairman and other corporate officers. In this role, he developed and planned multiple aspects of integrated communications including employee and supplier engagement, advertising and outreach to investors and financial/environmental media. Matt spent almost a decade as a journalist, most recently as Associate Editor of Forbes, where he co-edited the World Billionaires issue and was recognised by the Overseas Press Club for his business reporting from abroad. Prior to Forbes, he was a staff reporter at Washington Business Journal, where his coverage of marketing and web-based political fundraising each earned Maryland-DC-Delaware and Virginia Press Association awards. He taught as an adjunct professional lecturer at American University’s School of Communication from 2005 to 2008. Matt graduated cum laude from American University (DC) with degrees in Communications and Sociology and earned an MBA from the University of Maryland. He is an independent director of Cornerstone Capital.

Since 1999, Matthias Heuser has been working with McKinsey & Co. in Hamburg, Germany. He is a Principal focusing on Risk Management and Wholesale Banking. He has consulted Financial Institutions on Management of Credit and Market risk, implementation of Treasury/ALM Tools, and business strategy. Matthias Heuser studied in the USA and in Germany business administration with a focus on finance and accounting. He holds graduate degrees from University of Frankfurt (Diplomkaufmann) and University of Iowa (MBA). In addition he has received the Master of Financial Engineering (MFE) from the University of California, Berkeley (USA).

Professor Danny Ralph is a Founder and Director of the Centre for Risk Studies, Professor of Operations Research at Cambridge Judge Business School, and a Fellow of Churchill College.

Danny received his PhD in 1990 from the University of Wisconsin Madison. He was a faculty member of the Mathematics & Statistics Department at the University of Melbourne before coming to Cambridge University for a joint appointment in the Engineering Department and Cambridge Judge Business School.

Danny’s research interests include: risk in business decision making; risk aversion in electricity markets; methods and models for optimisation problems and equilibrium systems. Specific projects undertaken in collaboration with the banking and insurance industry (Catlin, HSBC, ICBC, Lloyd’s, Munich Re, Risk Management Solutions, Swiss Re) cover emerging risk scenarios, financial stress testing and a global ranking of cities by risk exposure. Engagements with other sectors include electricity consultancies (Artelys, LCP), oil and gas (Shell Exploration, Statoil) and retail (BT Retail, Gap) on decision making under high uncertainty. Public service contributions to the UK Cabinet Office, UK Industry and Parliamentary Trust, UK Office of the Government Chief Scientific Advisor, and United Nations World Humanitarian Summit.

Professor Ralph is a member of the Australian Mathematical Society, INFORMS, the Mathematical Optimization Society and SIAM. He was Editor-in-Chief of Mathematical Programming (Series B) from 2007-2013 and has served on the editorial boards of Mathematics of Operations Research and the SIAM Journal on Optimization, as well as the SIAM-MPS book series on optimisation.

Andrew is a Founder and Director of the Centre for Risk Studies’ External Advisory Board, and Senior Vice President at Risk Management Solutions, the leading provider of catastrophe risk models to the insurance industry. He is also a Fellow of Cambridge Judge Business School.

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Dr Michelle Tuveson is a Founder and Executive Director at the Cambridge Centre for Risk Studies hosted at the University of Cambridge Judge Business School. Her responsibilities include the overall executive leadership at the Centre. This includes developing partnership relationships with corporations, governments, and other academic centres. Dr Tuveson leads the Cambridge CRO Council and she chairs the organising committee for the Cambridge Risk Centre’s Annual Risk Summits. She is one of the lead organisers of the Aspen Crisis and Risk Forum. She is an advisor to the World Economic Forum’s 2015 Global Risk Report and a contributor to the Financial Times Special Report on Risk Management. She is also an advisor to a number of corporations and boards as well as a frequent conference speaker.

Dr Tuveson has worked in corporations within the technology sector with her most recent position in the Emerging Markets Group at Lockheed Martin. Prior to that, she held positions with management strategy firm Booz Allen & Hamilton, and US R&D organisation MITRE Corporation. Dr Tuveson’s academic research focuses on the application of simulation models to study risk governance structures associated with the role of the Chief Risk Officer. She was awarded by the Career Communications Group, Inc. as a Technology Star for Women in Science, Technology, Engineering and Maths (STEM). She earned her BS in Engineering from the Massachusetts Institute of Technology, MS in Applied Math from Johns Hopkins University, and PhD in Engineering from the University of Cambridge. She is a member of Christ’s College, Cambridge.

Simon Ruffle is a member of the Executive Team and is responsible for the overall research framework of the Centre. He is researching into innovative sourcing of business economic data and is leading the cyber threat research track. He has a background in natural hazards and the insurance industry.