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New IASB insurance working group

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21 Sep 2004

The IASB has announced the membership of its new working group on financial reporting by insurers.

Although the IASB's predecessor produced an Issues Paper and a Draft Statement of Principles, and the IASB itself has discussed the project at many Board meetings, other priorities forced the IASB to suspend work following the January 2003 meeting. Therefore, the IASB will regard the past work as a useful resource, but will not feel bound by it. "The only restrictions on a fresh look are the IASB's Framework and the general principles established in the IASB's existing standards", the Board's announcement said.

 

Members of the IASB Insurance Working Group

Name

Title

Organisation

Country

Raffaele Agrusti

Chief Financial Officer

Generali

Italy

Phil Arthur

Partner

Ernst & Young

Canada

Norbert Barth

Associate Director, Senior Analyst, Equity Research

DZ Bank AG

Germany

Philip Broadley

Chief Financial Officer

Prudential

United Kingdom

Tony Coleman

Chief Risk Officer and Chief Actuary

Insurance Australia Group

Australia

Denis Duverne

Chief Financial Officer

Axa

France

Sam Gutterman

Chair of Insurance Accounting Committee

International Actuarial Association

International/United States

Rob Jones

Managing Director

Standard & Poors

United Kingdom

Marc Meiches

Chief Financial Officer

Employers Reinsurance Company

United States

Hitesh Patel

Partner

KPMG

United Kingdom

Helmut Perlet

Chief Financial Officer

Allianz

Germany

Jorg Schneider

Chief Financial Officer

Munich Re

Germany

Howard Smith

Chief Financial Officer

American International Group

United States

Jerry de St Paer

Chief Financial Officer

XL Capital

Bermuda

Joseph Streppel

Chief Financial Officer

Aegon

The Netherlands

Mark Swallow

Chief Accounting Officer

Swiss Re

Switzerland

Yoshikazu Takeda

Director and General Manager

Nippon Life

Japan

Hiroyuki Yamaguchi

General Manager

Sompo Japan Insurance

Japan

Alan Zimmerman

Independent security analyst

GA Zimmerman Associates

United States

Observers

  • International Organization of Securities Commissions (IOSCO)
  • International Association of Insurance Supervisors (IAIS)
  • European Financial Reporting Advisory Group (EFRAG)

 

Also participating:

  • Staff of the US Financial Accounting Standards Board

 

Correction list for hyphenation

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