Alumni Industry Experts Explain Reinsurance at the Dean’s Lecture Series
Earlier this year, the Dolan School hosted a fireside chat with alumni reinsurance experts to explain the industry and discuss potential career paths. Alumni industry experts Brian Boornazian ’82, chairman of Aspen Re, Frank Hand ’86, executive managing director at Aon Benfield, and John Welch ’87, chief executive of North America at XL Catlin, comprised the panel for the spring Dean’s Lecture Series.
“We are extremely fortunate to have had the opportunity to welcome back three of our alumni to campus to engage with students in this area of financial services,” said Mark Ligas, PhD, interim dean of the Dolan School and associate professor of marketing. “This lecture provided great exposure for our students to an important and growing industry with possibilities for both internships and careers post-Fairfield."
Panel members shared their personal experiences working in the reinsurance industry and addressed questions from the audience.
“There is a rapidly changing risk landscape for the insurance and reinsurance industry due to such issues as extreme weather, globalization of supply chains, terrorism, cyber attacks, and the sharing economy,” explained panel member John Welch. “At the same time, there are incredible opportunities to develop new products, approaches, and analyses through the use of big data and artificial intelligence to address these risks.”
During the lecture, panel members also discussed an industry outlook and the variety of risks encountered by the reinsurance market. Boornazian, Hand, and Welch shared the greatest risks they’ve taken during their careers.
Senior Danielle Izzo, who attended the Dean’s Lecture, explained, “The lecture informed students about the many applications of Dolan School curriculum to a niche industry that is often unknown to undergraduates. Reinsurance is at the core of many business operations and extends to every industry. The lecture exposed me to a new potential career path and also highlighted the fact that there are many Fairfield alumni in the industry.”