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Centre for Risk Studies Advisory Board

The Advisory Board provides guidance and recommendations to the Executive team at the Centre of Risk Studies. 

The Board consists of representatives from the Centre’s partner organisations as well as industry experts, academic advisors and guests.

Chairman and Executive Director, Cambridge Centre for Risk Studies

Michelle Tuveson

Chairman & Executive Director, Centre for Risk Studies

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.

Representatives of supporting organisations

Fabrice Brossart

Chief Risk Officer International General Insurance, AIG

Fabrice Brossart is the Chief Risk Officer (CRO) for AIG International General Insurance and oversees AIG’s risk management function in 70+ entities outside of North America, ensuring these operations have a risk management system proportionate to their exposures and in line with local regulatory and corporate governance requirements.

Since joining AIG in 2011, Fabrice has led three Solvency II internal model approval projects, played a key role in AIG’s response to Brexit and the development of the Group’s capital model. More recently he has focussed on resilience, conduct and culture, climate risk and cyber risk.

An alumnus of France’s Ecole Polytechnique, Fabrice holds actuarial qualifications in France and the UK as well as the Chartered Enterprise Risk Actuary designation. Fabrice was named CRO of the year by InsuranceERM in January 2018.

Rebekah Clement

Sustainability Director, Lloyd's

Rebekah has more than 20 years of experience in corporate affairs, working as a trusted adviser to a number of government and business leaders across a broad range of sectors in the UK and New Zealand. Rebekah is Lloyd’s first Sustainability Director and is responsible for leading and executing Lloyd’s sustainability and ESG strategy together with leading the Sustainable Markets Initiative Insurance Task Force programme of activities. Joining Lloyd’s in 2015, Rebekah previously led its global communications and engagement team. Before joining Lloyd’s, she led the global media and PR for London tourism, as part of the GLA subsidiary London & Partners from 2013-2015. Prior to this, Rebekah held a number of senior advisory roles in the New Zealand Parliament and central government, most recently as the Press Secretary and Speechwriter for two successive Governors-General of New Zealand from 2009-2013. Rebekah holds an Executive MBA from Cranfield University, together with a Bachelor of Communications from Massey University of New Zealand, and is a Chartered Fellow of the Chartered Management Institute.

Steve Coates

Chief Underwriting Officer, Pool Re

Steve is Chief Underwriting Officer and a member of the executive management team at Pool Re. Steve has responsibility for all aspects of underwriting and claims, including exposure management and modelling. Prior to this, Steve spent 12 years at Allianz UK, latterly as Head of UK Property and Casualty. He also spent a year with Allianz Australia in 2005-2006. Before that he worked for Independent Insurance for 10 years, ending up as UK Property Underwriting Manager. Steve started his career with Eagle Star where he worked in a variety of commercial underwriting roles. Steve is an associate of the Chartered Insurance Institute and is also an expert witness in insurance matters.

Rowan Douglas CBE

CEO Capital, Science & Policy Practice, Willis Towers Watson & Willis Research Network

Rowan is CEO Capital, Science & Policy Practice at Willis Towers Watson, a leading global advisory, broking and solutions company. Previously, he served on the Board of the Group’s reinsurance division, Willis Re, as CEO Global Analytics.

In 2011, Rowan was appointed to the UK Prime Minister’s Council for Science & Technology; he is also a member of the Royal Society’s Working Group on Resilience to Climate Risk and Extreme Weather and chairs the Willis Research Network of fifty universities worldwide.

He has held various appointments within the UN and other international organisations and was awarded a CBE in the 2016 New Year’s honours for services to the economy through risk, insurance and sustainable growth. Rowan sits on the Executive Committee of the International Insurance Society (IIS), New York from which he received the Kenneth R Black Award in 2014.

Jonathan Gale

Chief Underwriting Officer, Reinsurance, AXA XL

Jon Gale is Chief Underwriting Officer or Reinsurance for AXA XL. He was appointed to his current position in January 2020. Immediately prior to this Jon was Chief Executive, Reinsurance in Bermuda from 2017 – 2020 and before that Chief Executive, Reinsurance in London from 2015 – 2017 as well as being Joint Active Underwriter of Catlin Syndicate 2003.

During his career he worked as an underwriter in the US broker market and spent almost five years in the Bermuda market running Catlin’s startup Bermuda underwriting business from 2003 to 2008. In 2008 Jon returned to London to become Deputy Active Underwriter of Catlin Syndicate 2003 to focus on the development of Catlin London’s specialty insurance and reinsurance business.

Jon is particularly interested in Climate Risk; the role (re) insurance plays in disaster recovery (speed and quality of recovery); focusing on the growing gap between economic loss and insured loss and the complementary potential of private (re) insurance and governments.

Andrew MacFarlane

Head of Climate AXA XL

Andrew MacFarlane is Head of Climate at AXA XL. Andrew is responsible for the global climate strategy for AXA XL. This entails ensuring all our climate-related efforts across all areas of the business, insurance and reinsurance, are aligned towards furthering AXA XL’s sustainability ambitions and AXA’s climate leadership.

Before taking on the Head of Climate role, Andrew lead the Pricing & Analytics actuarial team across the Global Markets area for AXA XL Reinsurance, covering Property, Casualty and Specialty Lines. He was also the leader of the Public Sector Partnership group at AXA XL. The aim of this group was to strengthen partnerships with the public sector in order to bring socially impactful insurance solutions to market.

Andrew holds an Honours degree in Actuarial Science & Statistics from the University of the Witwatersrand, South Africa and is a Fellow of the Institute and Faculty of Actuaries.

Mihaela Nistor

Global Head of Enterprise Risk Management, Bloomberg

As the Global Head of Enterprise Risk Management (ERM) at Bloomberg, Mihaela Nistor drives the technology innovation, programme governance, and management practices necessary to identify, evaluate, and monitor the company’s risks. Working very closely with talented engineers, she developed methodologies for collecting information, leveraging machine learning for data analytics, creating self-service visualisation tools, and making risk management a driver for operational resiliency. As such, the ERM programme closely aligns with the company’s business objectives. Her responsibilities also include managing the company’s Access Control and Privileging programme, as well as developing long-term strategies for data protection and governance.

Previously, Mihaela was Chief Risk Officer for HSBC Americas Private Banking. She also held Compliance and Risk leadership roles at HSBC and Citigroup.

Mihaela completed Harvard Business School’s General Management Program, and holds a master’s degree in International Finance & Business from Columbia University and a bachelor’s degree in Business Management from Marymount Manhattan College.

Jo Paisley

Co-President, GARP Risk Institute

Jo Paisley is Co-President of the GARP Risk Institute (GRI), the thought leadership arm of the Global Association of Risk Professionals (GARP).  Set up in early 2018, the Institute works across all risk disciplines, with Jo’s focus to date on climate risk management and scenario analysis, stress testing and operational resilience.  Her career began at the Bank of England where she worked in a variety of roles, across macroeconomics, statistics, supervision and risk. Her last role was as a Director of the Supervisory Risk Specialists Division within the Prudential Regulation Authority, where she was heavily involved in the design and execution of the UK’s first concurrent stress test in 2014. She left the bank in 2015 and joined HSBC as their Global Head of Stress Testing. She has also worked as an independent stress testing consultant, advising firms on how to get the most value out of stress testing.

Aleksander Petrov

Partner, McKinsey & Company

Dr Aleksander Petrov is a Partner at McKinsey and Leader of the UK Risk Practice. He has broad experience in capital markets, derivatives pricing and portfolio management, supporting clients on a variety of risk topics focused on asset analysis, stress testing and recovery planning. Prior to joining McKinsey & Co in 2009 Aleksander spent approximately 10 years in various quant and trading roles within the European fixed income and structured finance industry. Dr Petrov holds a PhD in Finance, University of Vienna, Austria, focusing on derivatives use in CEE markets. He was a Research Associate at the London School of Economics and is a CFA charter holder. He has held teaching assistantship positions at the University of Vienna and Sofia.

Andrew Pitt

Global Head of Research, Citi Investment Research

Andrew has been Global Head of Research at Citi since 2008. He manages all of Citi’s independent investment research as well as a suite of other content-producing businesses covering sustainable finance, data science, index calculation and conferences. In July 2020, Andrew was appointed as the Global Head of Research & Content for the whole of Citi’s Institutional Clients Group (ICG) with a wider brief to co-ordinate and leverage all client-facing research activities across the ICG.

Andrew launched the Global Perspectives & Solutions (Citi GPS) series in 2011 which has become the leading publically available content brand among global banks. To support Citi GPS, Andrew has pioneered a series of partnerships with leading global universities, think tanks and other bodies. A stated aim of Citi GPS is to bring research teams together in innovative partnerships across the public and private sector in order to better address the greatest opportunities and challenges of the twenty-first century.

Andrew has almost 30 years’ experience in financial services and joined Citi in 1996. He was an equity analyst for 12 years and was a number-one-ranked analyst in the Thomson Extel survey before moving to run Citi’s European Equity Research team in 2003.

Andrew has two degrees in modern history from Oxford University where he also taught as a full-time College Lecturer at Keble College and where he received Oxford University’s AM Read award in 1990 for original research.

Andrew is a member of several academic and charity Advisory Boards.

Mohsen Rahnama

Head of Model Development, RMS

Dr Mohsen Rahnama leads model development for RMS, which includes a global team of scientists and engineers responsible for the creation of RMS’s catastrophe models, financial model, and exposure and data analytics.

Since joining RMS in 1999, Mohsen has led the development of many of RMS’s major models. He is currently overseeing the development of RMS’s high-definition, simulation-based flood, earthquake, and typhoon models for RMS(one), Cyber Model, exposure and data analytics and financial modelling. He has more than 25 years of experience in earthquake engineering, seismic structural analysis and design, building performance evaluation, catastrophe modelling, and risk assessment. He holds a masters degree and doctorate in earthquake and structural engineering from Stanford University.

Simon Ruffle

Founder and Chief Product Officer of Risilience Ltd.

Simon is a tech entrepreneur and has been involved in the development of several start-ups where he brings his expertise in software development, relational databases and geospatial analysis, in additional to general business management skills. When not involved in start-ups, he has worked in the corporate and academic worlds. Simon spent much of his career on the R&D side of the insurance industry.

Simon was a founder of the Centre for Risk Studies where he played a key coordinating role in the Centre’s research programme and lead several research projects. He was a member of the Centre’s Executive Team and managed several external sponsor relationships. He advised governments and spoke regularly at seminars and conferences. His research was on the impact of catastrophes in a globalized world, on companies, cities and countries, supply chains, insurance and banking. He developed an integrated platform for storing and applying the Centre’s taxonomy of risks and stress test scenarios and other risk assessment tools to business, macro-economics, financial markets and insurance loss aggregation.

He is Founder and Chief Product Officer of Risilience Ltd., a spin out from the Centre for Risk Studies, where he has overall responsibility for R&D for the SaaS product. He leads teams including climate science, enterprise risk, software engineering, data science and client solutions.

Lulu Wang

Portfolio Strategist – Global Private Markets' Solutions, abrdn

Dr Lulu Wang leads the Research and Strategy function of the Global Private Markets Fund and Aberdeen Diversified Income and Growth Fund. Her focus is on the analysis of fundamental drivers of private markets and the application of economic forecasts, thematic ideas, and market insights. Lulu is also responsible for the production of the Private Markets House View and thought-leadership projects, working closely with Heads of asset classes and the abrdn Research Institute, providing a strategic and tactical asset allocation on the major asset classes between public and private markets globally. She is also a member of the Private Capital Investment Committee within the Private Markets strategies.

Lulu joined Standard Life Investments, now part of abrdn, in 2014 following the acquisition of Ignis Asset Management, where she managed the research function operating across the real estate business.

Lulu started her career with the Industrial and Commercial Bank of China (ICBC) in 1999 and holds a first class bachelor and a postgraduate degree in international banking and Finance and a PhD in international real estate portfolio diversification.