Financial Services >> Sector Roundtables >> November 11, 2002

Roundtable Forum: Property & Casualty Insurance

WILLIAM L. YANKUS is the Managing Director of Fox-Pitt, Kelton's property-casualty insurance research group which focuses on virtually all aspects of the property-casualty industry. He covers many of the large capitalization primary property-casualty and reinsurance companies. He joined Fox-Pitt, Kelton in 1993. Prior to that he spent eight years at Conning & Co. as an insurance analyst. He also spent time at Travelers Insurance (1984-1985) and Price Waterhouse (1981-1984) where he earned his CPA designation. He graduated from The College of the Holy Cross with a degree in Economics/Accounting and he also holds the CFA designation. He is a member of the AICPA, AIFA, AIMR and CSCPA. Profile
Karaoglan, Alain
Alain Karaoglan is Executive Vice President and Chief Operating Officer for Voya Financial, Inc. In this role, Mr. Karaoglan is responsible for the development and implementation of the overall corporate strategy, operations strategy and execution, and preparing the organization for separation from ING Group. He also has oversight for Investor Relations, our Investment Management business, Brand Marketing and Information Technology. Prior to joining the company, Mr. Karaoglan was Senior Vice President, Divestiture for AIG. He joined at a critical time during AIG’s global restructuring. Spearheading the Divestiture team, he managed over 40 transactions, including the IPO of AIA, a pan-Asian life insurance company, and the sale of Alico — American Life Insurance Company — to MetLife. Mr. Karaoglan has more than 25 years in investment banking, equity research and corporate experience. Prior to AIG, Mr. Karaoglan was Managing Director, Equity Research for Banc of America Securities LLC. He was a team leader for Financial Services Equity Research, composed of 26 professionals covering investment banks, commercial banks, asset managers, consumer finance and REITs. For seven years prior, he was Managing Director, North American Equity Research at Deutsche Bank Securities Inc. Previously, he had transitioned into equity research at Donaldson, Lufkin & Jenrette after being in investment banking for approximately 10 years at the First Boston Corporation and Bear Stearns, where he advised companies in corporate finance and M&A transactions. Mr. Karaoglan received bachelor’s degrees, magna cum laude in business administration and economics from Pepperdine University, and received his Master of Business Administration from Tuck School of Business at Dartmouth College. Profile
TWST: Alain, would you start by giving us a quick overview of

what has gone on in the property and casualty business since

September 11?

Mr. Karaoglan: In my view, the World Trade Center