officers
and
directors
of lea

David has been leading Allianz’s Natural Resources claims practice since 2014 with global responsibility for Power, Onshore Energy, Offshore Energy and Renewables claims.

David is a qualified Mining Engineer.  He started his career working as a project engineer specializing in offshore production, construction and decommissioning, based in the UK and managing projects offshore Scandinavia, Africa and Europe.  His first role in claims was as a Loss Adjuster in London, frequently travelling to Asia, Europe and Africa to adjust energy claims both offshore and onshore.  He has been an Energy and Property Claims Manager handling some of the largest and most complex claims in the world for over 15 years.

Karl New serves as the Head of Property Claims U.S. for Munich Re America, overseeing both facultative and reinsurance property claims. His role encompasses managing loss accumulation, addressing outliers, and performing claims auditing and analysis for cedent companies. With extensive experience in claims consulting, Karl conducts operational reviews to assess technical quality and overall claims procedures, evaluates reserve adequacy, performs trend analysis studies, and manages litigation and expense control. He also leads workshops and training sessions for Munich Re, The Institute of Fire Science, and The Loss Executives Association, covering topics such as subrogation opportunities, interactions with Public Adjusters, and management of large property losses.

Before assuming his current position, Karl was Vice President at Munich Reinsurance America Services, where he specialized in large commercial property and engineering claims within the market layer arena. His career began at American Modern Insurance Group (AMIG), a Munich Re subsidiary, where he worked from Staff Adjuster to General Adjuster over fourteen years. There, he ensured the technical quality of numerous claims, trained and mentored staff, and participated in over 19 major catastrophic events, including Hurricane Katrina and Superstorm Sandy. Additionally, Karl was the primary contact for all arbitration cases.

Karl holds a BBA in Risk Management & Insurance with a minor in Finance from Temple University in Philadelphia. He has earned the AIC and SCLA designations and is currently NFIP-certified and licensed in 22 states.

Executive General Adjuster, Property Department
AEGIS Insurance Services, Inc.

Paul Carnovale is an Executive General Adjuster in the Property Claim Department at AEGIS Insurance Services, Inc. With a career spanning over three decades in the insurance industry, Paul has built an extensive background in managing first-party property claims. He holds a Bachelor of Arts degree from Kean University and has worked for several prominent firms, including Crawford & Co., Royal Insurance, AIG, Starr Technical Risks Agency and Chubb Insurance Co.,  where he gained a deep understanding of claims management and risk assessment.

Beyond his professional accomplishments, Paul is also committed to serving his community. He is an active firefighter with the Raritan Township Fire Company in Hunterdon, NJ, demonstrating his dedication to public safety and service.

Paul has been a dedicated Board Member of the LEA since 2017, contributing to the organization’s growth and direction. His wealth of experience in both the insurance sector and community service makes him a valued leader in his field.

Ray is Vice President of Property Claims at AIG and has been with the company since 1996. He currently manages the Major Loss Commercial Property claim group and also has a leadership role for Global Multinational Property claims handling. Specialized industry segments include Manufacturing, Real Estate, Communication Risks, Financial Institutions and Large Inland Marine. He has been involved in directing and managing large catastrophes along with the development of an earthquake response plan. Ray started his insurance career with Liberty Mutual and later managed the International Property Claim Division during a 6 year tenure at CNA / Continental Insurance Company and has over 35 years of first party property and multi-line claims experience. Ray is a graduate of Rutgers University and has been a Speaker/Panelist on numerous first party related seminars including the PLRB, LEA and RIMS.

Nicole Nancke is the Assistant Vice President and Managing Executive General Adjuster, Zurich Canada based in Toronto, Ontario. She started her career in 1990 at Commonwealth Insurance Company. With over 30 years in the insurance industry, she has held many technical roles handling some of the largest and most complex claims in Canadian history.

Following 3 years at RSA on their graduate program, in January 2016, I joined Munich Re. I worked in the London Claims team, handling large first party claims from across the world, with a particular focus on the USA, Latin America and the Caribbean. I handled claims from significant global events, such as Hurricanes Irma, Maria and Harvey, the Californian Wildfires and the Peru floods in 2017. I also took part in various internal and external claims related initiatives. In February 2023, I relocated to Bogota with Munich Re and took on the role of Senior Claims Manager Property, South America. I handle large Facultative and Treaty Reinsurance claims from across South America and I regularly visit the local markets to visit clients, losses and other claims stakeholders. I also mentor and work closely with the more junior members of the team and manage significant Group Loss Exposures from Catastrophe events across the region

Steve Yeo joined Lancashire in February 2008 and is responsible for providing Operational & Technical leadership and control of all Group claim activity as well as participating in the calculation and development of IBNR. Steve has extensive experience in the insurance industry having previously worked within the AIG Property & Energy Major Loss Team in London where he specialised in handling large, complex CAR and Operational losses across a wide range of offshore and onshore energy and commercial property risks.