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 fiduciaries of the invested assets with respect to all responsibilities allocated to them.
COMMITTEE CHARGE
- 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.
- Reviewing the backgrounds of Investment Committee members and staff to ensure that no conflict of interest exists.
COMMITTEE MEMBERS
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.
AUTHORITY AND RESPONSIBILITIES
- Investment duties
- Understanding the IRUA’s investment goals and how these objectives support the Investment Committee
COMMITTEE MEMBERS
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
delliott@aaic.com
MEMBERS
Andrew Downing
Lockton Affinity
aldowning64@yahoo.com
Rob Martin
Farmers Mutual Hail Insurance Co. of Iowa
rob@fmh.com
Kevin Rentko
Renaissance Reinsurance U.S. Inc.
krentko@renre.com
Steve Simmons
Markel Specialty
Steven.Simmons@siriuspt.com
Pat Talley
Lloyd’s America
Pat.Talley@lloyds.com
5.1.2023
