Hill Heat

Full committee hearing.

• Rade Musulin, Principal, Finity Consulting
• Dr. Ishita Sen, Assistant Professor Of Finance, Harvard Business School
• Deborah Wood, Florida Resident
• Glen Mulready, Commissioner, Oklahoma Insurance Department, Republican witness
• EJ Antoni, Research Fellow, Heritage Foundation’s Grover Hermann Center for the Federal Budget, Republican witness

Rade Musulin has had a diverse career which has included a lot of “non-traditional” work, including catastrophe modelling, agriculture, reinsurance, public policy, and climate risk. Originally from the US, Rade has worked in countries across the world, and is now a Principal at Finity Consulting in Sydney, Australia, focusing on extreme events and climate risk. Previously he served as the Chief Executive Officer of FBAlliance Insurance, Chief Operating Officer of Aon Benfield Analytics Asia Pacific, and Vice President Operations, Public Affairs, and Reinsurance for the Florida Farm Bureau Insurance Companies. Rade has served as Chair of the Actuaries Institute Climate and Sustainability Working Group, Chair of the International Actuarial Association’s Resource and Environment Virtual Forum, and was Vice President – Casualty for the American Academy of Actuaries from 2016 – 2018.

Ishita Sen is an assistant professor of business administration in the Finance Unit. She teaches the Finance I course in the MBA required curriculum. Professor Sen’s research focuses on financial intermediation, asset pricing, and insurance markets. In her current research, she studies how inconsistencies in regulation restrict risk management, how capital regulation affects the insurance product market, and more recently, the agency problems associated with the use of internal models for asset valuation. Professor Sen holds a PhD in Finance from the London Business School. She is a co-author of Pricing of Climate Risk Insurance: Regulation and Cross-Subsidies and When Insurers Exit: Climate Losses, Fragile Insurers, and Mortgage Markets.