Fed Board Adds 7 Members to Insurance Policy Advisory Committee

The group will see three new faces and four reappointed members

By
Ben Luthi
Ben Luthi
Full Bio
Ben Luthi has been writing about credit cards and personal finance for six years and has written for U.S. News, NerdWallet, CreditCards.com and Experian, among others. Ben has developed many of Investopedia's in-depth credit card reviews and enjoys collecting and redeeming credit card miles and points in his everyday life and international travels.
Learn about our editorial policies
Published December 07, 2020

The Federal Reserve Board has announced the names of seven members for its Insurance Policy Advisory Committee (IPAC), roughly five months after its search began. Created by the Economic Growth, Regulatory Relief, and Consumer Protection Act in 2018, the committee provides information and advice to the Federal Reserve Board on domestic and international insurance issues, such as the impact of COVID-19 on the industry.

Key Takeaways

  • The Federal Reserve Board's Insurance Policy Advisory Committee (IPAC) was created by the Economic Growth, Regulatory Relief, and Consumer Protection Act in 2018.
  • The committee's role is to provide information and recommendations on insurance issues, both foreign and domestic.
  • On Dec. 3, the Fed announced seven individuals to fill vacancies on the committee, three of whom are new appointees and four reappointed members. 

The Seven IPAC Members Will Serve Three-Year Terms

With seven vacancies from the committee’s original lineup of 21 members, the Board announced seven members who will have three-year terms, starting in 2021.

Four of the members were reappointed after their first terms ended:

  • John Bruno, the Auto Club Group
  • Bridget Hagan, Mindset
  • Aaron Sarfatti, AXA Equitable Life
  • Halina von dem Hagen, Manulife

The Board also added three new members to fill the remaining vacancies:

  • Shweta Jhanji, Ameriprise Financial
  • Bryan Pickel, Prudential Financial
  • Sarah Williams, Global Atlantic Financial Company

All IPAC members have expertise in issues related to life insurance, property and casualty insurance, and reinsurance. They also come from a broad range of backgrounds across the insurance industry.

Article Sources
Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy.

  1. Board of Governors of the Federal Reserve System. "Federal Reserve Board Announces Members of Its Insurance Policy Advisory Committee,"