Jon Laux, FCAS, has been named vice president, analytics, by the risk management firm CyberCube, where he will oversee the company’s actuarial and cyberrisk modeling teams. He formerly worked at Aon, where he held senior roles over a 15-year period. Most recently he was head of cyber and analytics, holding the position for more than five years. His other roles include director of operations and associate director and actuary.
Walter Matthews, FCAS, has been promoted to vice president of AF Specialty. The announcement came from AF Group, a national specialty insurance solutions provider. Since joining AF Group in 2010, Matthews has held various positions within the actuarial department, providing oversight of the organization’s actuarial services related to reserving, pricing, underwriting strategies, forecasting and reinsurance. Additionally, he led the launch of the company’s assumed reinsurance business and has cultivated strong relationships with valued reinsurance and program partners.
Pinnacle Actuarial Resources, Inc. has promoted Gregory Fears Jr., FCAS, MAAA, and Radost Roumenova Wenman, FCAS, CSPA, to positions of senior consulting actuary, and Trenton James Lipka, ACAS, MAAA, to consulting actuary. Fears has been in the property-casualty insurance industry since 2001 and has experience in loss reserving, funding studies, loss cost projections, captive feasibility studies, risk margin calculations and a variety of actuarial analyses for insurance companies. He serves on the CAS and American Academy of Actuaries Casualty Loss Reserve Seminar Joint Program Committee. Wenman joined Pinnacle in 2016, and has worked in the P&C industry since 2006. She has specialized in pricing and product development, with a focus on developing homeowners, private passenger auto and commercial lines pricing solutions via advanced predictive models. Wenman is a member of the CAS Actuarial Review Working Group. Lipka is Pinnacle’s newest consulting actuary. He has experience in assignments that include loss reserving and loss cost projections, and with loss reserve analyses for group captive insurers writing workers’ compensation, general liability, auto liability, auto physical damage and inland marine. Lipka joined Pinnacle in 2017, and served most recently in an associate actuary role.
David Spiegler, FCAS, has been appointed chief actuary by AMS Management Group. In his position, Spiegler will drive actuarial analytics to assist AMS and Applied Medico-Legal Solutions Risk Retention Group, Inc., in the execution of its strategic initiatives. Prior to assuming the role of chief actuary at AMS, Spiegler served as executive vice president & chief actuary of BMS Re, an independent reinsurance intermediary, as well as senior vice president & chief actuary of American Re-Insurance Company (now Munich Re America) a leading international reinsurance company.
Douglas Min, ACAS, has been appointed to oversee Vesttoo’s Korean operation in Seoul as general manager of Vestoo Korea. Vestoo is an AI-based insurance-linked investment platform. Previously, Min was CEO of AIG Korea. In more than 35 years of international reinsurance experience, he has held various senior roles in business development, underwriting and risk.
Steve Armstrong, FCAS, MAAA, has been promoted to chief actuary and senior vice president for Allstate Insurance Company in Chicago. He previously served as the company’s vice president, pricing analytics and actuarial services, property-liability product management. Armstrong is an industry expert with nearly 30 years of experience in pricing, product design, underwriting and regulatory work. He has led actuaries, predictive modelers and product analysts throughout his career and is a highly sought-after industry speaker. Armstrong served the CAS as president (2020), board chair (2021) and member of the Board’s Diversity, Equity and Inclusion Committee (2021).