Groups
IRUA Committees Charge
The President, at the beginning of their term of office, will appoint the Chairperson and approve members of the various committees, which serve the Association. As a matter of expediency, the chairpersons of committees are generally either officers or directors. The committee members, however, are not limited to the Board of Directors.
The President, the Executive Director or Committee Chairpersons are authorized to call Committee Meetings. Committee Chairperson and committee members serve without remuneration and will pay their own expenses for travel and lodging at committee meetings as well as event registration fees if applicable.
All committee meetings including those via telephone or virtual conference call shall be documented in writing and forwarded to the Executive Director upon completion of the meeting. Handwritten reports are acceptable. Reports will be distributed to all Board members prior to the next scheduled meeting of the Board.
No committee shall commit Associations finances without first being approved by the Board of Directors. All committee projects and goals shall be in writing and approved by the Board of Directors before implementing any committee action i.e. subjects, speakers, printed matter location, dates, costs, etc.
The Association’s headquarters shall be sent copies of all written communications.
All contractual agreements with meeting locations speakers, printing, etc., shall be made by the Executive Director with approval of the Board of Directors. Only the committee chairperson shall communicate committee activities to the Association administrators and Board of Directors.
The Association’s administrators shall communicate only with the committee chairperson and not members of the committee on issues pertaining to committee activities.
Non-members shall not be appointed as a committee member or take part in any activity unless approved by the Board of Directors.
Committee Chairperson Basic Functions
- Direct members and activities to ensure that it meets its goals and objectives;
- Informs committee members of objectives and their expected individual contributions and responsibilities;
- Assists the President in making committee member appointments;
- Prepares meeting agendas and distributes relevant information to all members prior to the meeting,
- Presides over committee meetings to ensure adherence to the major issues and purposes;
- Assists the President in identifying potential leaders among the committee members,
- Encourages active participation by committee members in the activities of the association;
- Prepares committee status reports for the Board of Directors.
Committee Member Basic Functions
- Attend all meetings;
- Prepare committee assignments and work toward the fulfillment of the committee objectives;
- Carry out individual assignments that are made by the committee chairperson;
- Review all relevant material prior to the committee meetings;
- Be prepared to make contributions and voice objective opinions concerning the committee issues.
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The IRUA’s Scholars Essay program gives member company interns and new-to-the-industry hires, if qualified, the opportunity to be eligible to submit an essay and potentially receive a monetary award. Essays must be on a specific topic relevant to the insurance/reinsurance industry. Th Scholars program...
see moreThe IRUA’s Scholars Essay program gives member company interns and new-to-the-industry hires, if qualified, the opportunity to be eligible to submit an essay and potentially receive a monetary award. Essays must be on a specific topic relevant to the insurance/reinsurance industry. Th Scholars program is funded, mainly, by member companies who have made a voluntarily contribution towards the program.
The Scholar’s committee is responsible to set criteria and judge applicant essays; promote the insurance/reinsurance industry through affiliation with key Risk Management & Insurance Schools and speaking engagements by IRUA member company executives; organizing summer gatherings in the greater NYC area for academics, IRUA member company interns and junior employees (possibly in connection with ReUnder 40s)
Scholar Committee Chair
Sam DeGiovanni, Ryan Re
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The memberships charge is to study and recommend policy to the board relating to the building and maintenance of membership in the organization; Study and recommend a long-range plan of membership goals and...
see moreThe memberships charge is to study and recommend policy to the board relating to the building and maintenance of membership in the organization; Study and recommend a long-range plan of membership goals and activities to meet these goals; when appropriate, examine applications for membership and make recommendations to the board; explore reasons for each membership cancellation and submit a report on the findings. If applicable, issue a report on any organizational shortcomings responsible for cancellation and review periodically, and if necessary, make recommendations on current rules and regulations, qualifications relating to membership as outlined in the bylaws.
The membership committee is also responsible for the development of a list of membership prospects with assignments for personal contacts to be made by committee members, board, and staff; assist the staff in acquiring biographies and information about activities of new members for use in the organization newsletters, journal, etc.; review, regularly, with the Executive Director the membership recruitment activities carried on by IRUA headquarters and be familiar with the type and scope of membership activities and programs conducted by other industry organizations.
Chair
Bill Bernens, Arch Re
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The Investment Committee has overall responsibility for the operation and administration of the invested assets of the Association. The members of the Investment Committee are...
see moreThe Investment Committee has overall responsibility for the operation and administration of the invested assets of the Association. The members of the Investment Committee are fiduciaries of the invested assets with respect to all responsibilities allocated to them.
The Investment Committee is charged with adopting periodically reviewing, and revising an Investment Policy Statement, subject to the Board’s agreement; monitoring the performance of investment funds in accordance with the Investment Policy Statement; reviewing, retaining or replacing investments held by IRUA and reviewing the backgrounds of Investment Committee members and staff to ensure that no conflict of interest exists.
The Committee shall consist of the current IRUA Treasurer, acting as Chairperson, and no fewer than two other members of the Board nominated by the Chair. The committee may form subcommittees as it deems appropriate. Subcommittees may be formed to address special projects for a limited period or may become standing subcommittees for a particular purpose.
Chair
Dwayne Elliott, American Agricultural Insurance Company
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To assess on an ongoing basis the educational needs of the IRUA membership; develop educational curriculum and programs to address the needs identified; arrange for educational programs to be offered to staff of member and non-member organizations; report on committee activity at regular business meetings to include the results of previous programs and new program ideas, if any; Maintain an active listing of the Educational Programs available for the Reinsurance Industry and make this available to member companies.
Education Committee Co-Chairs
Christiane Gross, Munich Re America
Christiane.Gross@Munichre.Com
John West, Guy Carpenter & Company
John.West@Guycarp.Com -
The memberships charge is to study and recommend policy to the board relating to the building and maintenance of membership in the organization; Study and recommend a long-range plan of membership goals and activities to meet these goals; when appropriate, examine applications for membership and make recommendations to the board;...
see moreThe memberships charge is to study and recommend policy to the board relating to the building and maintenance of membership in the organization; Study and recommend a long-range plan of membership goals and activities to meet these goals; when appropriate, examine applications for membership and make recommendations to the board; explore reasons for each membership cancellation and submit a report on the findings. If applicable, issue a report on any organizational shortcomings responsible for cancellation and review periodically, and if necessary, make recommendations on current rules and regulations, qualifications relating to membership as outlined in the bylaws.
The membership committee is also responsible for the development of a list of membership prospects with assignments for personal contacts to be made by committee members, board, and staff; assist the staff in acquiring biographies and information about activities of new members for use in the organization newsletters, journal, etc.; review, regularly, with the Executive Director the membership recruitment activities carried on by IRUA headquarters and be familiar with the type and scope of membership activities and programs conducted by other industry organizations.
Chair
Keith Cartmell, Toa Re
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To assess and make recommendations, annually regarding the Association’s insurance purchases; to annually evaluate and provide advice regarding Associations’ internal review &/or external audit procedures; to annually monitor and give counsel on the accounting procedures of the Association; biannually, to inspect the records and physical property of the Association and make recommendations to the Executive Director and the Association Board of Directors.
Association Governance Committee Chair
Steve Simmons, Markel Specialty
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Specific Responsibilities
The Executive Committee of the Board of Directors consists of the President, Vice President, Secretary,...
see moreSpecific Responsibilities
The Executive Committee of the Board of Directors consists of the President, Vice President, Secretary, Treasurer and Immediate Past President and shall conduct the affairs of the Association between meetings of the Board of Directors. In addition, this Committee serves as the Nominating Committee with the Immediate Past President as Chairperson and serves to act, in accordance with the provisions of Article VII of the Bylaws with respect to the election of Officers and Directors. The Executive Committee also has taken over the role of the Awards Committee in selecting appropriate recipients of the Association’s awards.
Executive Committee Chair
Bill Bernens, Arch Re
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