FINANCIAL EXAMINERS EDUCATIONAL FOUNDATION - Key Persons

Job Titles:

• Associate
• Commissioner
• Founding Partner of Bostick / Crawford Consulting Group

Bob is a founding partner of Bostick/Crawford Consulting Group and focuses exclusively on regulatory insurance services. Previously, Bob was a partner in E&Y's Insurance Regulatory Services practice. Bob began his career with the Texas Department of Insurance where he worked 15 years, serving as an Examiner, the Chief Examiner and as an Associate Commissioner. Bob maintains his connection with state insurance departments through the performance of statutory examinations, examination consulting, and receivership activity. He also serves as a Team Leader on NAIC Accreditation Reviews of state insurance departments. Bob has been an active participant in the NAIC, both as a regulator and, subsequently as an industry participant. He served on the Society of Financial Examiners' Executive Committee and Board of Governors. Bob is a Certified Financial Examiner and Certified Public Accountant. He earned a BBA degree in Accounting from the University of Texas.

Job Titles:

• Director
• Chief Examiner / Director - Insurance Company Examinations Section
• Consulting, LLC - President ( March 2013 - January 2014 )

Job Titles:

• Director
• Board President, ( Illinois Director of Insurance ) the Schacht Group
• President of the Schacht Group

As President of the Schacht Group, Jim advises national and international clients on regulation, restructuring and insolvency, litigation and public policy issues. Prior to forming his own firm, Jim led Navigant Consulting's Restructuring, Run-off and Insolvency practice. He served both Coopers and Lybrand and PricewaterhouseCoopers as leader of the insurance regulatory practice. Having spent 31 years with the Illinois Department of Insurance, Jim served as Illinois Director of Insurance on three occasions at the request of two governors, as well as Special Deputy Receiver for fifteen years.

Job Titles:

• Senior Vice President and Director of Financial Services, Reinsurance Association of America

Joseph B. Sieverling is Senior Vice President and Director of Financial Services of the Reinsurance Association of America. His current responsibilities include providing RAA members, insurance regulators and others with technical advisory services in the areas of Statutory, GAAP and IFRS accounting and disclosure, domestic and international regulation, Federal and State taxes affecting insurers and reinsurers, and alternative risk transfer mechanisms. Mr. Sieverling is responsible for publishing a number of RAA financial reports including the RAA Loss Development Studies, Reinsurance Quarterly Results, Reinsurance Underwriting Review, Offshore Market Report and various interactive industry analyses using Tableau Software.

Job Titles:

• Member of the
• Senior Vice President and Director of Financial Services of the Reinsurance Association of America

Job Titles:

• Director
• Senior Managing Director, the Schacht Group

Prior to forming the Schacht Group, Ms. Hepler served as a Director in the Chicago office of Navigant Consulting and a senior member of the Insurance & Claims Services practice. Ms. Hepler has achieved well over 25 years of broad-based experience within the insurance industry and insurance regulation, advising clients on a variety of issues, including regulatory matters, project management and consulting services for clients facing litigation, as well as transactions involving complex insurance issues. She has solved regulatory and compliance issues through every phase of an insurance company's lifecycle, including the formation of an insurer, day-to-day operating issues, and strategies to address troubled companies and run-off. Professional Experience Prior to joining Navigant Consulting, Ms. Hepler served as a Director with the Insurance Regulatory and Compliance practice of PricewaterhouseCoopers, LLP, providing extensive regulatory and compliance consulting services to many of the firm's leading financial services clients. She advised clients on new products, organizing insurance entities, securing regulatory approval for a variety of transactions and regulatory issues in litigation. For nearly a decade, Ms. Hepler served as an executive of a property casualty insurer in Chicago. Her extensive responsibilities at the executive level included the development of long-range strategic marketing initiatives to support organizational growth goals, management and development of a national distribution network, and the development of new products and ancillary services to strengthen the company's core business. Ms. Hepler was deeply involved in initiatives to help the company rethink not only its corporate architecture, but its product mix, distribution methods, and market expansion, allowing the company to maintain its financial viability. During her successful tenure, Ms. Hepler led the company's nationwide market expansion efforts, resulting in improved revenue growth, profitability, and customer retention.

Job Titles:

• Director
• Senior Director of Accounting Policy for the American Council of Life Insurer
• Senior Director, Accounting Policy American Council of Life Insurers

Mr. Monahan is the Senior Director of Accounting Policy for the American Council of Life Insurer's (ACLI) in Washington, D.C. Mr. Monahan serves as the staff representative to the ACLI's Accounting Committee where he is responsible for all accounting issues of a legislative or regulatory nature, including the National Association of Insurance Commissioners (NAIC), the International Association of Insurance Supervisors (IAIS), the Financial Accounting Standards Board (FASB), the International Accounting Standards Board (IASB) and the Securities and Exchange Commission (SEC). Mr. Monahan regularly attends IASB and FASB Board meetings representing the life insurance industry. Mr. Monahan has over thirty years of experience in the life insurance industry working in management positions with various companies. Mr. Monahan is a graduate of Boston College.

Job Titles:

• Director
• Deputy Commissioner
• Regulatory and Financial Specialist in the Los Angeles Office of the Firm of Locke Lord LLP

Norris W. Clark is a Regulatory and Financial Specialist in the Los Angeles office of the firm of Locke Lord LLP. Mr. Clark focuses on insurance and insurer-related financial transactions, regulatory compliance, mergers and acquisitions, statutory accounting, reinsurance agreements, reinsurance risk transfer, restructuring and corrective action plans. Mr. Clark has 31 years of experience in the California Department of Insurance, where he last served as Deputy Commissioner of Financial Surveillance until his retirement in 2004. In that position, he was responsible for all aspects of insurer financial regulation and monitoring. He chaired numerous task forces and working groups of the National Association of Insurance Commissioners (NAIC) from 1985 through 2004, including the Accounting Practices and Procedures Task Force, the Statutory Accounting Principles Working Group, and the Emerging Accounting Issues Working Group. Mr. Clark was the 1995 recipient of the NAIC Robert Dineen Award for Outstanding Service and Contribution to the Regulation of Insurance. He is also a Certified Financial Examiner of the Society of Financial Examiners (SOFE) where he served as President during 1990-1991.

Job Titles:

• Director
• Secretary, ( New York Asst. Deputy Superintendent ) Locke Lord LLP

After serving in various capacities in the New York Insurance Department for approximately 33 years, I retired in 1997 as Assistant Deputy Superintendent and Chief Examiner in charge of the Property & Casualty Insurance Bureau. After retiring from the Insurance Department, I was employed by firms providing advice to their clients and attorneys in a wide range of regulatory and financial issues. Since 2022, I have been employed in the New York office of Norton Rose Fulbright LLP as a Financial and Regulatory Specialist in the Insurance and Reinsurance practice areas. I also serve as Secretary for and as a Board Member of the Financial Examiners Education Foundation. I was a Certified Financial Examiner from 1980 until 2020, when I retired from SOFE. Lastly, I received my CPCU designation in 1984.

Job Titles:

• Director
• Consultant to Stroock
• New York Asst. Deputy Superintendent