Paul Hannon

Paul Hannon has 40 years’ experience in the analysis of financial products and investment portfolios. He has 19 years with the New York State Department of Insurance and the New York State Department of Financial Services. He was a Supervising Risk Management Specialist in the Capital Markets Division. His experience prior to the New York State regulatory responsibilities included Financial Management Consulting at Coopers & Lybrand (now PWC), and asset-liability risk management modelling and measurement at the Treasury of Chase Manhattan Bank. He was responsible for all aspects of insurance company investment portfolio risk management and risk measurement examination. His duties included: opinion on the appropriateness of insurance company investment portfolios relative to the insurance written, analysis of individual investments for various risks – credit risk, asset/liability mismatch, market risk, liquidity risk etc., analysis and review of an insurance company’s derivative activity for appropriateness given investment positions and compliance with Insurance Law, and modelling of company business proposals brought before the Department for the Department’s approval to engage in the proposed new business activity. Mr. Hannon met with insurance company CFOs and CIOs and Senior Regulatory Officials on financial and investment issues. He conducted detailed analysis and examination of individual insurance company investment activities in support of company examinations. Mr. Hannon performed the analysis and tracking of Industry Investment Trends utilizing the NAIC Statutory Financial Statement Data Base. He had consulting assignments on financial and investment risk at international institutions. The Risk Management and Risk Measurement Policies, Procedures and Infrastructure were the objects of international institution consulting engagements. Mr. Hannon has participated as a panel speaker at industry conferences on financial and regulatory issues.  Mr. Hannon received a Bachelor of Engineering (Mechanical Engineering) at Manhattan College and an MBA in Quantitative Business Analysis from New York University. Mr. Hannon is a CFA (Chartered Financial Analyst).