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
William Bernens, IRUA Treasurer
Arch Reinsurance Company
wbernens@archreco.com
MEMBERS
Andrew Downing
Reinsurance Consultant
andrew.downing@optimum.net
Paul McKeon
Transatlantic Reinsurance Company
pmckeon@transre.com
Kevin Rentko
Renaissance Reinsurance U.S. Inc.
krentko@renre.com
Arlene Kern
Munich Reinsurance America
akern@munichreamerica.com
