Sep/Oct 2023 Comings and Goings

Zachary Martin, FCAS, CSPA, MAAA, has been promoted to assistant corporate secretary at Frankenmuth Insurance, which he joined in 2018 as the director of actuarial, risk and compliance services. He brought 13 years of prior actuarial and technical experience from working for Liberty Mutual, Zurich North America and TD Insurance. Promoted to vice president in 2019, he was responsible for pricing, analytics, reserving, risk and compliance activities. Martin also leads corporate initiatives to advance the company’s use of predictive analytics.

Michael Wise, ACAS, has been appointed permanent director of the South Carolina Department of Insurance. Prior to being named acting director, Wise served as the agency’s deputy director of actuarial and market services.

Joe Gravelle, FCAS, MAAA, has been promoted to vice president-insurance analytics for Mutual Benefit Group. In this position, he will drive the development and maintenance of P&C insurance products with shared responsibilities for growth and profitability, amongst several other duties. Gravelle joined Mutual Benefit Group in April 2020 as the tactical pricing and product manager, bringing with him over 20 years of experience in the P&C insurance industry. In addition, he volunteers on the CAS Member Advisory Panel.

Albert Zhou, FCAS, has been appointed chief risk officer for Corvus Insurance. Zhou brings more than 12 years of cross-functional insurance experience, with deep operational expertise in actuarial, risk and analytics. He reports to the company’s president and joins the leadership team. Previously, Zhou was the chief actuarial and analytics officer at SynchronoSure, an early-stage commercial MGA. In 2021 he founded Toyl Ventures, a privately owned arbitrage trading firm focused on digital assets. Zhou also spent seven years at Third Point Re and SiriusPoint, most recently as SVP, actuarial director, where he led the U.S. actuarial team in pricing, reserving, capital modeling and risk management. He began his career as an actuarial consultant at Ernst & Young.

Kimberly Guerriero, FCAS, has been named one of Captive International’s FORTY Under 40. Guerriero began her Milliman career as an intern in 2005 while in college and rose to principal and consulting actuary in 2022. Her primary focus is the alternative risk market, and most of her clients are captives, risk retention groups and self-insureds. Guerriero has been described as a highly regarded consultant within Milliman and a tremendous asset to her clients, many of which rely on her expertise to help them navigate myriad challenges they contend with while operating their captive insurance company. She has demonstrated a commitment to mentoring and developing the next generation of talented consultants and volunteers a considerable amount of her time and energy to a variety of professional organizations that support other socially responsible initiatives.

Aaron Hillebrandt, FCAS, has also been named one of Captive International’s FORTY Under 40. Hillebrandt joined the U.S. Marine Corps at 17 years old and his service took him around the U.S. and to two combat tours in Iraq. He worked in the actuarial profession for a large commercial insurer for several years and as a mathematics lecturer at Illinois State University. Hillebrandt joined Pinnacle Actuarial Resources as a consulting actuary in 2013 and became a principal of the firm in 2021. He now advises and is the appointed actuary for several commercial and captive insurance companies and self-insured entities. Described as a recognized industry leader in the captive insurance market, Hillebrandt was said to have exceeded his service to the captive community by providing a positive experience for them and fully immersing himself within the community.

Yvonne Palm, FCAS, FIA, has been featured on the cover of CIO Views Magazine for its “Iconic Business Women to Follow in 2023” edition. Palm is the director of risk management and compliance for African Reinsurance Corporation. She currently serves on the CAS Board of Directors.

Michael K. Chen, FCAS, MAAA, has been appointed senior consulting actuary at Pinnacle Actuarial Resources. Prior to his return to Pinnacle, Chen was a director at a large consulting firm where he directly contributed to client projects and led execution of individual prospect sales strategies. He will focus on applying predictive analytics techniques to the insurance process, performing traditional actuarial analyses and furthering fairness and machine learning research in his role at Pinnacle. He has 20 years of actuarial experience, including as a commercial pricing actuary for FBL Financial Group and as an actuarial analyst for American Republic Insurance Company.

Art Randolph, FCAS, recently received the 2023 IABA Lifetime Achievement Award. Randolph has been in the insurance industry since 1998 and has been consulting since 2001. His consulting career has focused on medical professional liability, homeowners, commercial property, workers’ compensation, commercial and personal automobile, general liability, commercial multiple peril and title exposures. Randolph has been a member of the International Association of Black Actuaries (IABA) since 2001, serving as treasurer and director from 2003 to 2006 and director from 2014 to 2015. He also served as the first president of the IABA Foundation from 2004 to 2007.

Sharon K. Robinson, FCAS, MAAA, recently has also received the 2023 IABA Lifetime Achievement Award. Robinson is recently retired following a distinguished career in property-casualty insurance; her most recent position being that of senior vice president and chief pricing actuary for Zurich North America. Robinson held prior actuarial positions with the CNA Insurance Companies and with the St. Paul Fire & Marine Insurance Company. Robinson currently serves as chair-elect of The Actuarial Foundation Board of Trustees. She was the recipient of the 2020 Business Insurance Women to Watch award. She is also a past president and past board member of IABA.


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