Ray Iardella is a Vice President and Senior Analyst covering the property and casualty insurance sector at Macquarie Group Limited. He joined Macquarie in 2011 from Oppenheimer & Co. Inc., where he also followed the insurance space. Before joining Oppenheimer, Mr. Iardella was an Associate Analyst on the Institutional Investor-ranked Bear Stearns nonlife insurance research team. Before his Wall Street equity research career, he worked at American International Group in the corporate actuarial department. Mr. Iardella’s research draws upon his actuarial background. He focuses on insurance company balance sheets, which allows him to provide differentiated insights on industry and company trends. He holds a B.A. in mathematics from the College of the Holy Cross.