Carl Groth Email & Phone Number

Stamford, Connecticut

Leads LGRA's enterprise risk management program. Works with senior management in the US and UK to embed the Group risk management framework into strategic and day to day decision making. Provides advice, oversight and challenge to strategy and all material decisions to ensure risk-reward trade-offs are appropriate. Supports balance sheet growth initiatives including reinsurance and M&A transactions. Leads and participates in governance committees including risk and deal committees.

Des Moines, Iowa Area

Reporting to the Chief Risk Officer and the Board Finance Committee, led Principal Financial Group’s Financial Risk Management function with responsibility over the second line risk management of the Company’s market, credit and liquidity risks, oversight of the Company’s ALM programs and use of derivatives, the Company’s Stress Testing, Economic Capital, annual US ORSA process, the Company’s Model Risk management program and the LIBOR transition program.Chaired the Company’s Financial Risk and Economic Capital Committees and participated as a member of a variety of corporate and business unit committees including the Company’s Derivative Oversight Committee, Product and Pricing Risk Committee and business unit risk committees.

Des Moines, Iowa Area

Led Principal International’s risk management program across ten countries in Latin America and Asia. Partnered with management to create a process to integrate second line risk management into the evolution of Principal International’s business strategy including product development, entrance into new markets, M&A and development and execution of customer experience and digital platforms. Worked with Principal International senior management and the board to develop a risk appetite statement and framework that facilitated the alignment of risk levels to capital and operating earnings objectives, creating greater stability of capital flows.Chaired Principal International’s Executive Risk Committee and Risk Management Working Group. Participated as a member of Principal International’s Investment Committee, Principal Financial Group’s Financial Risk Committee, Economic Capital Steering Committee, Cyber Risk Committee and Corporate Operational Risk Committee.

Developed and led KPMG's Insurance and Asset Management Risk Management Advisory Solutions businesses including running a business around delivering advisory services that respond to risk and capital management needs related to strategy, changing market conditions, new products and regulatory requirements. Developed Enterprise Risk Management programs, risk governance frameworks and related risk management processes across major sources of risk (insurance, credit, market, liquidity, operational and strategic), capital management frameworks and associated capital modeling capabilities, risk appetite, tolerance, limits and associated breach protocols, GRC tools, risk control self-assessment capabilities, risk information architecture and risk reporting capabilities. Led and oversaw multiple simultaneous large-scale client engagements and associated KPMG and client teams. Worked with member Firms’ Risk Advisory practices across the globe to obtain the recognition of KPMG as the Best Global Insurance Risk Management Consultancy in 2014 and 2015 by Insurance Risk magazine.

Developed and managed an Enterprise Risk Management framework and Internal Audit function, supporting company's transition from a start-up to a rapidly growing global Specialty Property and Casualty Company. As a member of the initial management team, worked with Private Equity investors, board and senior management to facilitate the development and execution of Torus’ Enterprise Risk Management program, Compliance and Internal Audit functions, including best-in-class risk management capabilities across specialty P&C insurance, catastrophe reinsurance, market, credit and operational risk management disciplines. Supported the company’s transition from a start-up to a rapidly growing global specialty property and casualty company enhancing the ability to execute on its strategic plans. Managed the readiness process for Solvency II, including internal capital model approvals for two Lloyds syndicates.Served on many of the Company's management committees such as Capital & Risk Committee, Risk Management Committee (Chair), Underwriting Committee, Model Development Committee and Solvency II Committee.

New York, New York

Co-led Deloitte's Enterprise Risk Management (ERM) consulting services for the insurance industry with a focus on the P&C sector. Served as liaison for Solvency II in the US, the US representative for Deloitte's global insurance industry ERM practice and member of Deloitte's S&P and AM Best rating agency advisory teams. Provided advisory services for risk governance and policy with risk management role in economic capital modeling, and risk management processes.Leveraged technical and quantitative abilities and understanding of key risk areas associated with insurance pricing and reserving risk including CAT and non-CAT risks, market, credit, ALM and operational risk to develop line of business and entity level risk adjusted performance programs .

WILLIS ADVANCED RISK MANAGEMENT SERVICES, Senior Vice President and Vice President/ Senior Consultant.

Mba, Finance & Investments, International Business

Activities and Societies: Beta Gamma Sigma Honors

Bacheler Of Arts, Economics