Actuary Biographies

Douglas W. Brooks, FSA, CERA, FCIA, MAAA

President & CEO, AEGON Canada

Upon graduation from the University of Waterloo, Doug joined Mutual Life (later Clarica) and the majority of his time was spent in the Individual Division, with responsibilities including product design, pricing, valuation and financial analysis. In 1997, he became chief actuary, overseeing the actuarial aspects of the company's demutualization, and having significant involvement in a number of acquisitions. In 2000, he was appointed senior vice–president and chief actuary, and added responsibilities for capital management, risk management and internal audit. In June 2002, Doug was appointed vice–president and chief risk officer at Sun Life upon the acquisition of Clarica by Sun Life. He joined the Equitable Life of Canada in September 2006.

Doug has had a number of industry involvements, including the CLHIA committee on solvency and capital and within the Canadian Institute of Actuaries (CIA) as a member of the Committee on the Role of the Appointed Actuary and member of the CIA Board of Directors. He is also a past chairman of the CIA Life Practice Committee, the CIA Committee on Risk Management and Capital Requirements and a committee on source of earnings disclosure.

Doug graduated from the University of Waterloo in mathematics and actuarial science. Doug has been a member, and is currently the chair of the Council of the Joint Risk Management Section of the Society of Actuaries, Casualty Actuarial Society and CIA. Doug is a Fellow of the Society of Actuaries (FSA), a Chartered Enterprise Risk Analyst (CERA), a Fellow of the Canadian Institute of Actuaries (FCIA) and a Member of the American Academy of Actuaries (MAAA).

Max J. Rudolph, FSA, CERA, CFA, MAAA

Founder, Actuary, Rudolph Financial Consulting, LLC

Max J. Rudolph is an actuary with Rudolph Financial Consulting (RFC), LLC. RFC provides strategic planning, enterprise risk management, asset liability management, pandemic planning, scenario planning and peer review to institutional clients. He has over twenty years of experience in the insurance industry.

Previously, Max was a vice president and actuary leading the Financial Risk Management unit of Mutual of Omaha Insurance Company. He was responsible for managing balance sheet risks such as asset liability management, liquidity and capital. Max also was heavily involved in managing account value products, along with valuation, financial projections and pricing of various group and individual life, health and annuity products.

Max is currently a member of the Society of Actuaries (SOA) Board of Governors, and previously served as chair of the SOA Investment Section and the ERM Strategy Task Force. Max also served on the Influenza Project Oversight Group as well as the Society of Actuaries/Casualty Actuarial Society/PRIMA ERM Symposium Organizing Committee.

Max is a Fellow of the Society of Actuaries (FSA), a Chartered Enterprise Risk Analyst (CERA), a CFA charterholder and a Member of the American Academy of Actuaries (MAAA).

Sim Segal, FSA, CERA, MAAA

SimErgy Consulting

Sim Segal is president and founder of SimErgy Consulting, a limited liability company specializing in enterprise risk management (ERM). SimErgy, headquartered in Manhattan, provides ERM consulting services to companies in all sectors, primarily in the United States. SimErgy also conducts executive education seminars on ERM.

With 25 years of experience in measuring and managing risk, Segal is a globally recognized ERM thought leader with broad functional experience, deep technical knowledge, and ERM experience in a variety of sectors and geographies. His experience includes the following sectors: manufacturing, energy, entertainment, technology, services, telecommunications, banking, insurance, non-profit organizations, and government bodies.

Highlights of Segal's ERM qualifications include:

• Recognized as a pioneer for developing value-based ERM – an advanced yet practical approach synthesizing ERM and value-based management
• Author of an ERM book that will be published by Wiley in March 2011
• Adjunct Professor at Columbia Business School teaching MBA-level course on ERM
• One of 40 ERM experts globally awarded CERA credential based on "thought leadership and significant contributions to advance the practice of ERM"
• Helped many companies fully implement ERM programs, including determining risk appetite and integrating ERM into strategic planning process
• Frequent invited speaker, author of articles, and source of media quotes on ERM
• MASH Networks Risk Television video on risk identification ranked #1 video of 2009
• Inaugural Chair of Risk committee of Society of Actuaries (SOA), leading SOA's ERM program, 2009-Present
• Chief Editor, Risk Management (quarterly international ERM publication), 2008-2009
• Member, SOA faculty for ERM credentialing seminar (CERA EPP), 2008-2009
• Member, Syllabus Committee for SOA ERM exam (AFE/ERM), 2008
• Member, ERM Symposium Program Committee, 2007-Present
• Member, International ERM Credential Working Group, 2008
• Helped MetLife become first U.S. insurer to successfully implement economic capital

Highlights of Segal's activities in other industry leadership roles include:

Board of Directors service:

Society of Actuaries (SOA), 2006-Present

• Vice president, 2009-Present
• Director, 2006-2009

Actuarial Society of Greater New York (ASNY), 1999-2003

• President, 2002-2003
• President-elect, 2001-2002
• Vice president, 1999-2001
• Member, Editorial Board, The Actuary (an international publication), 2005-2006
• A Lead Actuary in Actuarial Foundation's Advancing Student Achievement program, 2004-2006
• Chair, SOA Management & Personal Development Section, 2002-2003

Prior to SimErgy, Segal led ERM consulting practices at Deloitte Consulting, Aon and Towers Watson. Prior to his consulting experience, Sim was an officer at MetLife, where he was a key player in the first successful adoption of economic capital by a U.S. insurer, assisting in its integration into key company processes, including strategic planning, capital planning and pricing. Segal also led MetLife's IPO eligibility team.

Segal graduated summa cum laude from Wayne State University, with a B.A. in mathematics. He is a Fellow of Society of Actuaries (FSA) and a Chartered Enterprise Risk Analyst (CERA). CERA is a professional credential in ERM recently launched by the SOA.