Pat Teufel was appointed to the Board of Directors of the Cayman Islands Monetary Authority effective 21 July 2018.
Ms. Teufel brings significant experience in the evaluation and quantification of financial and organisational risk. She also has broad underwriting, pricing, financial reporting and risk management experience, concentrated within the property-casualty insurance industry. In addition, her direct operational experience provides a practical perspective to various recommended changes.
She joined KPMG LLP in 1990 and was elected to the US partnership in 1993. While there, she served as the partner in charge of the KPMG Actuarial Services practice for over a decade. In that role, she was responsible for defining and growing this KPMG advisory practice, while continuing to serve clients directly.
Although her practice has been focused on financial reporting issues, Ms. Teufel has consulted more broadly on a host of general strategic business considerations within the insurance and accounting industry. Prior to joining KPMG, Ms. Teufel was employed by Cigna (and its predecessor companies) and held a number of top level positions of increasing management responsibility.
Throughout her career, she has also assisted clients to make explicit consideration of operational changes affecting their business and to measure the interdependencies between various functional operations. Other duties included the evaluation of their internal processes and controls, from both financial reporting and business improvement perspectives.
Ms. Teufel also serves on a number of international boards and committees.
Shel is a Phi Beta Kappa graduate of Trinity University in Washington, D.C., with a Bachelor of Arts degree in mathematics. As of January 2013, Ms. Teufel accepted the position to serve as adjunct professor for the Actuarial Sciences department at the University of Connecticut.