C. Mindy S. Kipness Email and Phone Number

Set strategies and oversaw operational teams delivering reinsurance solutions and support to corporate buyers of reinsurance and responded to information needs of both internal and external customers. Conducted operations risk management assessments with related documentation, including training staff. Led business initiative for reinsurance systems development. Maintained Senior Vice President position for Eaglestone Insurance Company, overseeing financial analysis for AIG’s runoff subsidiary, as further described below under previous role.Worked in close consultation with Legal Department on dispute resolution, regulatory, licensing, compliance and Federal Reserve oversight issues. Other internal customers included actuaries, accounting/finance, profit centers, reinsurance buyers, governing committees, IT, internal audit. External customers included external auditors, Federal Reserve oversight personnel, state regulators, and reinsurers.• Managed $30 Million expense budget, resulting in cost savings of 10%.• Oversaw reinsurance assets of $20 Billion, resulting in reduced over-90-day unpaid balances by 25% in one year.• Transformed reinsurance team model to improve efficiency and quality of reinsurance asset by consolidating reinsurance groups from four distinct functional alignments (Collections/Payables, Claims, Reinsurance Accounting, Contract Administration/Project Management) to one cohesive group across multiple countries and regions. • Identified synergies leading to improved results, staff reductions, and transfers of 25% positions to low-cost, centralized centers.

(Continued position after 2014 promotion listed above)Oversaw Financial Analysis team responsible for Eaglestone, AIG’s subsidiary for runoff business. Responsibilities include: relationship management with company’s retrocessionaire for operational, claims and reinsurance matters, as well as financial analysis of close-out transactions, identification and analysis of Eaglestone’s existing and targeted runoff portfolios , and Eaglestone’s financial reporting of results. • Resolved 50 post-2011 transaction legacy frictional operational issues with Eaglestone’s major retrocessionaire. • Analyzed and negotiated sale of recoverables due from insolvent reinsurance estates to investors.• Participated on team that identified new portfolio LPT targets in 2014 and 2015. Served as point person for coordination of actuarial and finance information from originating profit centers. Liaised with Legal to ensure analyses met regulatory filing requirements.

Led commutation and management reporting teams to maximize reinsurance asset through collections, set-offs, collateralization, commutations, and insolvency filings. Properly reported to internal customers about reinsurance spend and results. Led financial analysis team’s responsibilities, including oversight of P&L and GOE for internal reinsurance facilities. Produced global schedule F for various analytical purposes, rating agency presentations, reinsurance 10K disclosures, statutory collateral collection, control reports, etc. Initiated reinsurance process improvements. Collaborated with internal partners to respond to information needs of external customers.• Negotiated hundreds of reinsurance commutations with undiscounted combined value of $4 Billion and total collections or net present value of $3 Billion. Oversaw financial analyses of bankruptcy filings for over 100 insolvent reinsurer estates with undiscounted combined value of $400 Million.• Improved collateral collection process by increasing collateral and reducing schedule F penalty by 25%.• Expanded and improved global management reporting function with focus on the reinsurance ceded premium and quality of the reinsurance asset to monitor implementation of changed corporate strategy and overcome disparate legacy systems and lack of consolidated reporting capabilities. • Developed and documented Sarbanes-Oxley controls and related rollout.• Created analytical tool to support reinsurance recoverable estimation for due diligence with counterparty for $1.6 Billion asbestos LPT. • Collaborated with Comptrollers’ and Legal Departments in response to company’s 2005 and 2009 corporate crises to identify and provide required information/analyses for reinsurance related issues. Examples include: risk transfer attestation project, financial restatements, divestitures, compliance, Federal Reserve oversight readiness and adherence to various new governing committee rules and guidelines.

Oversaw global commutations and financial analysis related to insolvency filings. Led most and participated in all related negotiations and analyses. Led management reporting related to global reinsurance recoverables and premium receivables, subsidiary ROE reports, and annual global schedule F which included statutory and non-statutory subsidiaries.

Led various teams within Comptroller’s department, with increasing roles and responsibilities, including assumed treaty processing, statutory and GAAP financial reporting, audit/state exam coordinator, accounting systems, retrocessions, collateral calls, reinsurance collections, and Schedule F. Developed / modeled earned but not reported (EBNR) reports. Served as business lead for multi-year reinsurance system development program during each role. Managed insolvency filings and commutations. Provided financial restatements for IPO readiness.