Kalpana brings 30 years of business experience in the insurance and investment industry. She was longstanding Group Chief Actuary and Partner at Hiscox until 2016. She is now one of a handful of female Chairs in the insurance industry and a non-executive director of several organisations. She is a trustee for Unitas, a local charity supporting young people. She has Chaired and contributed to committees for the IFoA, Bank of England, Lloyd’s of London and the Bermuda Monetary Authority. In the early stages of the COVID-19 pandemic, Kalpana headed the first voluntary team of actuaries helping the UK’s National Health Service with emergency analytics and planning. Kalpana is a regular judge for the Women in Insurance Awards and a frequent speaker on insurance and diversity related topics. Over the years she has been recognised for her work by organisations including the Institute of Directors, Financial Times, Cranfield University, Insurance Insider and Brummell Magazine, and became President-elect of the IFoA in June 2022.
Recently, our Charity and the Foundation agreed to join forces and jointly offer two scholarships to students studying an actuarial science degree at an IFoA accredited university. The scholarship amounts to £3,000 per annum for two students from their second year until the end of their degree course. The scholarships are aptly named “Actuaries of Tomorrow Scholarships”.Fifteen applications were received – which included the need for a tutor’s recommendation and a personal video from the candidates – and the selection panel of actuaries Lyndon Jones, Simon Dudley and Masimba Zata made their decision, taking into account academic achievement, commitment to an actuarial career and financial need.The two winners were Jenna Kane and Tegan Banks – both female students at Heriot Watt University.The plan now is to continue this welcome collaboration and offer two new scholarships every year.
On Thursday 6th July, with standing room only in Haberdashers’ Hall, Mr Rodney Jagelman was installed as Master of the Worshipful Company of Actuaries, becoming the 44th Master to serve the Company. Rodney was educated at Tiffin School, Kingston upon Thames and Emmanuel College Cambridge before starting as a trainee actuary with Bacon Woodrow. His career as an actuary has been entirely in the field of pensions, both as a consulting actuary and as a professional pension Trustee. After 15 years with the Law Debenture team of professional pension trustees Rodney retired in 2018. He has served as Chair of the National Association of Professional Pension Trustees.He is a Past Master of the Worshipful Company of Glovers and is a member of Bassishaw Ward Club and the City Livery Club. He is married to Susan, a Liveryman and Court Assistant of the Worshipful Company of Framework Knitters. The Master will be supported by Senior Warden, Gordon Sharp, and Junior Warden Emma McWilliam.
Past Master Julie Griffiths and her daughter Lexie descended the heights of the Lloyd’s of London building in the Abseil Challenge in support of the Lord Mayor’s Appeal. The gathered crowd below, including the Master Keith Jones, held their breath as they both stepped out over the lip of the building and descended down. Well done to you both, an outstanding achievement and 105% of fundraising achieved! Thank you to all who sponsored.
We are delighted that Liveryman Stuart McDonald received the Finlaison Award at the Institute and Faculty of Actuaries Conference which was presented to him by the President Elect, Kalpana Shah, also a Liveryman of this Company.
Martin Clarke, the Government Actuary, has been awarded a major honour in recognition of his public service, in the Kings Birthday Honours. Martin has been the Government Actuary since 2014 undertaking a number of statutory duties. He has led the Government Actuary’s Department (GAD) through a notable period of modernisation, growth and diversification.