Spencer Educational Foundation’s Funding Their Future Gala Raises $1.9 Million; Lockton Companies Pledges Additional $1 Million of Support

Annual Spencer Gala Sets Fundraising High-Water Mark

New York, NY — September 23, 2025 – The Spencer Educational Foundation announced that its annual Funding Their Future Gala generated more than $1.9 million, a new high-water mark, to advance its mission of supporting the next generation of risk management and insurance professionals.

Underscoring the industry’s commitment to talent development, Spencer’s esteemed Gala Honoree, Lockton U.S. President Tim Ryan, announced an additional $1 million pledge to further bolster the Foundation’s ability to provide scholarships, internships, and experiential learning grants.

“For decades, Spencer has played a critical role in preparing students for meaningful careers in our industry,” said Ryan. “Speaking with several Spencer Scholars was the highlight of the night. Some are the first in their families to attend college. Some are working multiple jobs to pay for school. Their determination is inspiring, and it reminds us that our role isn’t just about financial support—it’s about showing up with our time, our mentoring, and real-world experiences that set students up for success. This is a shared responsibility, and Lockton is proud to invest in the future of our profession by supporting the Foundation’s mission.”

Ryan also highlighted the industry’s ongoing need to attract and develop talent with a wide range of skills. “Insurance offers a broad and rewarding set of career paths,” he said. “The more we can arm students with experience, access, and support early in their careers, the stronger our industry will be in the years to come.”

Lockton has a long-standing partnership with Spencer. In 2004, following the passing of Lockton’s founder, the firm established the John T. Lockton Memorial Scholarship to honor his legacy and create opportunities for students entering the field of insurance. Since then, Lockton has contributed nearly $1 million in scholarships, along with mentoring and programming support.

“The results of this year’s Gala demonstrate the industry’s unwavering dedication to cultivate future talent,” said Johnell Holly, SVP at FM and Chair of the Spencer Board of Directors. “Lockton’s generous contribution on top of our Gala fundraising result amplifies the impact of these efforts and enables Spencer to expand its programming to meet the increasing needs of students and educators and to promote careers in insurance.”

Close to 600 senior insurance executives attended the Funding Their Future Gala at Cipriani 42nd Street on Thursday, Sept. 18 to celebrate Spencer’s mission and invest in the talent pipeline critical to the industry’s long-term success.

With 87 cents of every dollar spent on programs that advance the mission, Spencer proudly focuses all efforts on the development of insurance industry talent. For additional information about the Spencer Educational Foundation and opportunities to contribute, please visit www.spencered.org.

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About the Spencer Educational Foundation:

The Spencer Educational Foundation is a non-profit organization committed to fostering the education and professional development of risk management and insurance students. Since its establishment in 1979, the foundation has been helping students succeed by providing scholarships, grants, and internships to talented individuals pursuing careers in these fields. To learn more about the Spencer Educational Foundation and its programs, please visit www.spencered.org.

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About Lockton

What makes Lockton stand apart is also what makes us better: independence. Lockton’s private ownership empowers its 13,100+ Associates doing business in more than 155+ countries to focus solely on clients’ risk and insurance needs. With expertise that reaches around the globe, Lockton delivers the deep understanding needed to accomplish remarkable results. For more information, visit www.lockton.com.

Media Contact:

Megan Miller

CEO

Spencer Educational Foundation 

Email: mmiller@spencered.org 

Megan Miller Named CEO of Spencer Educational Foundation

Organizational Changes to Foster Expanding Insurance Industry Talent Pipeline

New York, NY (September 1, 2025) - The Spencer Educational Foundation announces the appointment of Megan Miller as its Chief Executive Officer. This newly created position heralds a significant step in Spencer’s increasing commitment to grow the pipeline of industry talent and propel future risk management and insurance leaders.

Miller joined the Foundation as its first full-time Executive Director in 2019, and she will assume the new role of CEO effective September 1, 2025. During the past six years, she has helmed Spencer’s efforts to advance industry talent via scholarships, internships, grants, and initiatives and the Board of Directors is now preparing the Foundation for its next phase of growth.

“This promotion underscores the exemplary leadership and dedication to Spencer’s mission that Megan has demonstrated,” said Johnell Holly, Chair of the Spencer Educational Foundation’s Board. “As we set the course for our next five years, Megan’s well-deserved executive title is a small component of a far more ambitious effort to grow our capabilities and raise our profile as the pre-eminent, merit-based source of educational funding for the insurance industry.”

In her role as CEO, Miller will continue to oversee the Foundation's strategic planning, fundraising efforts, and outreach initiatives, while tackling significant growth goals through 2030 and beyond. She will work closely with the Board of Directors, staff members, and community partners to advance programs and initiatives, all designed to attract and prepare new talent for the industry.

“Education is the overwhelming power that transforms lives,” stated Megan Miller. “I experienced that lift first-hand when I was a Spencer Scholar, and I am so grateful for the opportunity to collaborate with our Board, our insurance industry patrons, and our incredible staff to deliver a similar advantage to the thousands of students who benefit from our funding each year.”

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About the Spencer Educational Foundation:

The Spencer Educational Foundation is a non-profit organization committed to fostering the education and professional development of risk management and insurance students. Since its establishment in 1979, the foundation has been helping students succeed by providing scholarships, grants, and internships to talented individuals pursuing careers in these fields. To learn more about the Spencer Educational Foundation and its programs, please visit www.spencered.org.

Media Contact:

Tandeka Nomvete

External Engagement Director

Spencer Educational Foundation

Email: tandeka@spencered.org

Spencer Educational Foundation Sets New Milestones with 2025 Scholarship Awards

Undergraduate Awards Increase from $5,000 to $7,500 to Meet Growing Tuition Costs

New York, NY (August 13, 2025) – This year, the Spencer Educational Foundation has reached an incredible milestone by awarding a record-breaking $872,500 in scholarships to 105 outstanding students. 2025 marks the largest amount of scholarship funding in the foundation's 46-year history, as the Foundation increased undergraduate award amounts from $5,000 to $7,500 to meet the growing tuition costs that students face.

The merit-based scholarships are thoughtfully designed to support undergraduate students, full-time and part-time master's students, and Ph.D. candidates across the United States and Canada. These bright individuals are eager to make a positive impact in the fields of risk management, insurance, and actuarial science.

Megan Miller, Executive Director of the Foundation, stated: "The steadfast backing from our donors is essential in addressing the talent gap that our industry is experiencing. This year’s increase in scholarship funding underscores a collective dedication to nurturing a diverse and capable workforce for the future. Congratulations to all the awardees—we eagerly anticipate the innovative contributions they will bring to the industry!"

This year, the Foundation proudly announces the establishment of eight new named scholarships, made possible through the generous support of its donor partners. These additions bring the total to 71 named scholarships valued at $552,500. The collaborations with over 35 companies, organizations, and individuals this year exemplify a strong and collective dedication to cultivating a vibrant talent pipeline for the industry.

2025 Named scholarship donor partners:

• AF Group

• ALKEME Insurance

• Allied World Assurance Company Ltd.

• American Agricultural Insurance Company (AmericanAg)

• Angela Sabatino

• Aon

• Arch Insurance Group, Inc.

• Argo Group International Holdings, Ltd.

• AXA XL

• Chubb

• Elizabeth M. Lisle

• FM

• Gabe Cossio

• Gallagher

• Hylant

• IAT Insurance Group

• Judy Chaipan and Robin Roeder

• Liberty Mutual Insurance

• Lockton Companies

• Marsh McLennan Agency

• Milliman

• Philadelphia CPCU Society Chapter

• Philadelphia Insurance Companies

• Risk and Insurance Management Society (RIMS)

• RIMS - Atlanta Chapter

• RIMS - Chicago Chapter

• RIMS - Connecticut Valley Chapter

• RIMS - Dallas-Fort Worth Chapter

• RIMS - New Jersey Chapter

• RIMS - New York Chapter

• RIMS - Orange County Chapter

• Risk Strategies

• RSUI Group

• Sedgwick

• Target Markets Program Administrators Association (TMPAA)

• Travelers

• Young Risk Professionals of Georgia

• Zurich Insurance Group

Congratulations to the 2025 Spencer Scholarship award recipients:

• Gokul Achaththekoot, Arizona State University

• Elijah Adusi, University of Waterloo

• Nicholas Afanassiev, Temple University

• Allyson Afrank, Drake University

• Joshua Aitken, Saint Joseph's University

• Sadira Ali, Illinois State University

• Siegfried Anyomi, University of Iowa

• Paul Arauwou, Morgan State University

• Kooper Ashmore, East Carolina University

• Danielle Atkinson, Ferris State University

• Oluwatosin Babalola, Georgia State University

• Skye Balonis, Temple University

• Prapya Barman, Temple University

• Samit Bin Alam, St. John's University

• Kenneth Blekor, University of Massachusetts-Amherst

• Shaunte Boxill, St. John's University

• Matthew Bretz, Pennsylvania State University

• Trevor Buckeridge, University of Connecticut

• Jennifer Calandra, University of Houston-Downtown

• Kaylee Campbell, University of Nebraska-Lincoln

• Katherine Cerda, St. Mary's University

• Eleanor Chen, University of Michigan-Ann Arbor

• Miranda Chen, The University of Texas at Austin

• Kaysie Cheng, St. John's University

• Edward Chmiel, University of Connecticut

• Grace Cittadino, Illinois State University

• Brian Cohn, University of South Carolina-Columbia

• Brendan Colgan, University of Illinois Urbana-Champaign

• Elizabeth Colpe, Villanova University

• Jessica Cudzich, University of Illinois Urbana-Champaign

• Radhika Damle, University of Nebraska-Lincoln

• Parker Davis, University of Nebraska-Lincoln

• Nii Amoo Decardi-Nelson, University of Wisconsin-Milwaukee

• Rhoda Dennis, University of Waterloo

• Gail Dennis-White, Georgia State University

• Elle Dirck, University of Mississippi

• Amela Dishnica, University of Connecticut

• Charlton Dottin, Morgan State University

• Noah Dube, University of Connecticut

• Max Ellersick, University of Utah

• Peter Espinal, St. John's University

• Hamza Essaidi, University of Hawaii

• Caleb Eynon, The University of Alabama

• Alexander Gherardi, Georgia Institute of Technology

• Sarthak Gupta, Georgia State University

• Muhammad Rayyan Habib, DePauw University

• Mallory Hall, University of Georgia

• Stephanie Hayd, University of Wisconsin-Madison

• Chara Hinds, Morgan State University

• Emily Hopp, University of Wisconsin-Madison

• Aliyah Jordan, Georgia State University

• Stephanie Kandasammy, St. John's University

• Susan Kearney, Saint Joseph's University

• Hatatu Killeen, University of Wisconsin-Madison

• Kasyoki Kimeu, Georgia State University

• Brady King, Saint Joseph's University

• Ella Kintz, Ball State University

• Ruby Kodiah, Georgia State University

• Meah La Rocco, University of Mississippi

• Hannah LaMaster, University of Nebraska-Lincoln

• Minh Nguyet Le, DePauw University

• Thao Le, University of St. Thomas

• Zachary Li, New York University

• Givemore Makusha, The College of St. Scholastica

• Nathan Manthey, Illinois State University

• Isabella Martinez, St. Mary's University

• Roan Maye, Bentley University

• Rosario Medina Rodriguez, Fordham University

• Adam Messman, University of Nebraska-Lincoln

• Kathleen Miao, University of Toronto

• Aidan Moseley, Appalachian State University

• Luke Mostello, University of Nebraska-Lincoln

• Charles Newsome, Butler University

• Sam Ng, University of Connecticut

• Nga Nguyen, DePauw University

• Thu Nguyen, Texas Christian University

• Mihn-Chau Nguyen, University of Waterloo

• Naomi Nwokoma, Temple University

• Matthew O'Connor, University of Connecticut

• Albert Ofoe, University of Massachusetts-Amherst

• Jeel Patel, Illinois State University

• Marek Pedziwater, Illinois State University

• Brady Quinn, Ball State University

• Carissa Reebel, University of South Carolina-Columbia

• Cristina Salas, Georgia State University

• Rainey Sharrow, Florida State University

• Mason Smith, University of Central Arkansas

• Zane Smith, St. John's University

• Mary Snyder, Le Moyne College

• Julian Solomon, Florida State University

• Samantha Staromana, St. John's University

• Anish Subedi, Georgia State University

• Isha Tachhekar, St. John's University

• Dieter Treneman, Lawrence University

• Lily Van Elderen, St. John's University

• Angelina Vereshchagina, St. John's University

• Chang Wang, Temple University

• Vera Wang, University of Southern California

• Tyler Welch, University of Wisconsin-Madison

• Maxwell Wozniak, St. John's University

• Maame Ama Yeboa-Debrah, Georgia State University

• Woongchae Yoo, Georgia State University

• Samantha Zelling, Temple University

• Veronica Zieba, Illinois State University

Donors who establish a named scholarship or contribute at least $10,000 each year to the Foundation are eligible to receive Spencer’s Resume Book, which features the accomplishments of this distinguished group of students for outreach and recruiting efforts. 

For more information about the Foundation’s scholarship program, please visit www.spencered.org/scholarships.

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About the Spencer Educational Foundation:

The Spencer Educational Foundation is a non-profit organization committed to fostering the education and professional development of risk management and insurance students. Since its establishment in 1979, the foundation has been helping students succeed by providing scholarships, grants, and internships to talented individuals pursuing careers in these fields. To learn more about the Spencer Educational Foundation and its programs, please visit www.spencered.org.

Media Contact:

Tandeka Nomvete

External Engagement Director

Spencer Educational Foundation

Email: tandeka@spencered.org

Spencer Educational Foundation welcomes Brianne Kelly-Prensa as Development Manager

Kelly-Prensa brings a wealth of fundraising and nonprofit experience to Spencer 

New York, NY (July 31, 2025) – The Spencer Educational Foundation is proud to announce the appointment of Brianne Kelly-Prensa as Development Manager. The addition of this position reflects Spencer’s commitment to expanding its fundraising capabilities to support the next generation of risk management and insurance professionals. Kelly-Prensa, who officially began her role on July 14, 2025, will support the Foundation's development initiatives and cultivate relationships to bolster its mission. 

Kelly-Prensa brings a robust background in nonprofit fundraising and development to Spencer. Her expertise in building and sustaining donor relationships will be instrumental in growing the Foundation’s capacity to fund scholarships, grants, and student initiatives. 

"We are thrilled to welcome Brianne to the Spencer team in this crucial new role," said Megan Miller, Executive Director of the Spencer Educational Foundation. "Her proven track record in development and her passion for educational advancement make her the ideal leader to enhance our fundraising efforts and, ultimately, increase the support we can provide to the next generation of leaders." 

Prior to joining Spencer, Kelly-Prensa served over five years as the Deputy Director of Development at the GO Tutor Corps, where she played a key role in advancing their fundraising goals. 

"Brianne's experience in fostering strategic partnerships will be a tremendous asset to the Foundation," stated Michael VanAcker, Spencer Board Member and Treasurer. "Her leadership in development and her service-focused mindset will be vital as we seek to deepen our impact and provide even more opportunities for students aspiring to careers in the risk and insurance industry." 

Kelly-Prensa holds a Master of Arts in International Education Development from Teachers College at Columbia University and a dual Bachelor of Arts in English and Legal Studies from the University at Buffalo, SUNY. She also earned a Certificate in Fundraising from New York University. 

"I am honored to join the Spencer Educational Foundation and contribute to its important mission of shaping future leaders in the risk management and insurance industry," said Kelly-Prensa. "I look forward to working with the Spencer community to build upon its legacy of support for future leaders." 

To review the full roster of Spencer staff and board members, please visit www.spencered.org/leadership. 

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About the Spencer Educational Foundation:

The Spencer Educational Foundation is a non-profit organization committed to fostering the education and professional development of risk management and insurance students. Since its establishment in 1979, the foundation has been helping students succeed by providing scholarships, grants, and internships to talented individuals pursuing careers in these fields. To learn more about the Spencer Educational Foundation and its programs, please visit www.spencered.org.

Media Contact:

Tandeka Nomvete

External Engagement Director

Spencer Educational Foundation

Email: tandeka@spencered.org

Spencer Educational Foundation Welcomes Four Esteemed Industry Leaders to Board of Directors

John Diaz of Zurich, Jarrod Schlesinger of Allianz, Kristyn Smallcombe of CRC Group, and Cristina Vigilante of AIG join Spencer Board

New York, NY (July 11, 2025) – The Spencer Educational Foundation, a leading non-profit organization dedicated to funding the education of future risk management and insurance professionals, announced the appointment of four distinguished new members to its Board of Directors, effective mid-2025. These additions bring a wealth of expertise and diverse perspectives from across the industry, further strengthening the Foundation's commitment to its mission.

The new board members are:

John Diaz, Executive Vice President, Head of Customer & Distribution Management at Zurich North America

Jarrod Schlesinger, Global Head of Financial Lines and Cyber at Allianz

Kristyn Smallcombe, National Casualty Director at CRC Group

Cristina Vigilante, North America Head of Retail Distribution at AIG

Johnell Holly, Chairperson of the Spencer Educational Foundation, expressed his enthusiasm for the new appointments: “The appointment of these four new officers illustrates Spencer’s unwavering commitment to engaging top leaders in the industry to support and cultivate the next generation of risk management and insurance professionals. We have great confidence that the deep industry knowledge, leadership experience, and passion for education that John, Jarrod, Kristyn, and Cristina bring will be a tremendous asset to the Foundation. Their insights will be invaluable as we continue to expand our programs, ensuring we meet the evolving needs of industry employers.”

To review the full roster of Spencer board members and learn more about the Foundation's leadership, please visit www.spencered.org/leadership.

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About the Spencer Educational Foundation:

The Spencer Educational Foundation is a non-profit organization committed to fostering the education and professional development of risk management and insurance students. Since its establishment in 1979, the foundation has been helping students succeed by providing scholarships, grants, and internships to talented individuals pursuing careers in these fields. To learn more about the Spencer Educational Foundation and its programs, please visit www.spencered.org.

Media Contact:

Tandeka Nomvete

External Engagement Director

Spencer Educational Foundation

Email: tandeka@spencered.org

Tim Ryan of Lockton to Receive Honor at Spencer Educational Foundation's 2025 Gala

Spencer’s annual Funding Their Future Gala is set for Thursday, September 18, 2025, in NYC 

New York, NY (May 1, 2025) – The Spencer Educational Foundation, a leading nonprofit organization aimed at nurturing the next generation of risk management and insurance professionals, will hold its annual Funding Their Future Gala in New York City on Thursday, September 18, 2025. This eagerly awaited event will occur at the renowned Cipriani 42nd Street, uniting industry leaders and supporters to acknowledge achievements in risk management and insurance.

This year’s gala recognizes Tim Ryan, U.S. President at Lockton, for championing the next generation of talent and shaping the future of the risk management and insurance industry. Since being named U.S. President in 2024, Tim has been pivotal in positioning Lockton for the future. With over 30 years of industry experience, Tim brings a strategic and enduring approach to leadership. He is committed to fostering a culture of collaboration and excellence that carries Lockton’s momentum forward. Tim’s vision is to build on Lockton’s strong foundation, guiding the company through evolving market demands while maintaining its reputation as the best place to work in insurance. 

“Tim’s commitment to attracting and developing top talent has been instrumental in Lockton’s continued success and evolution as an industry leader,” stated Julie Gibson, Spencer board member and Chief Marketing Officer at Lockton. “His leadership is not only driving growth but is also strengthening a culture that empowers our Associates to achieve their greatest potential.”   

Spencer’s Funding Their Future Gala serves to honor exceptional individuals such as Ryan, a true catalyst for positive change in the industry. His visionary approach and constant pursuit of excellence make him a deserving recipient of this prestigious award.

“At this year’s Gala, we are proud to honor Tim Ryan, a leader who has set a high standard for industry innovation and talent development,” [stated Johnell Holly, Spencer Board Chair and Senior Vice President, Global Client Service, Sales, and Marketing at FM.] “Tim’s efforts are instrumental in ensuring the lasting success of the risk management and insurance industries.  We look forward to celebrating his achievements and the far-reaching impact of Spencer’s initiatives in shaping the future of the industry’s next generation.” 

In 2024 alone, the Spencer Educational Foundation granted over $1.8 million in program awards and impacted over 20,000 students. Since its inception in 1979, the Foundation has allocated over $10 million in scholarships and more than $9 million in grants, significantly influencing the accessibility of risk management and insurance education and enhancing the caliber of talent entering these professions.  

For more details on Gala sponsorship and tickets, visit www.spencered.org/funding-their-future-gala.

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About the Spencer Educational Foundation:

The Spencer Educational Foundation is a non-profit organization committed to fostering the education and professional development of risk management and insurance students. Since its establishment in 1979, the foundation has been helping students succeed by providing scholarships, grants, and internships to talented individuals pursuing careers in these fields. To learn more about the Spencer Educational Foundation and its programs, please visit www.spencered.org.

Media Contact:

Tandeka Nomvete

External Engagement Director

Spencer Educational Foundation

Email: tandeka@spencered.org

Mother-Daughter Duo Gives Back to the Industry

Risk Management veteran Robin Roeder has joined forces with daughter Judy Chaipan to create the Millie Workman Memorial Scholarship.  The $7,500 scholarship aims to support an aspiring risk management and insurance industry leader dedicated to helping others. It is specifically intended for undergraduate students pursuing coursework in Risk Management and Insurance and will be administered by the Spencer Educational Foundation. 

Workman’s illustrious risk management career spanned nearly four decades.  Among her many accolades, she was named Risk Manager of the Year in 1992 and one of the 100 Leading Women in the Insurance Industry in 2000 by Business Insurance, honors that reflected not only her professional expertise but also the profound impact she had on her peers and the industry at large. She also was inducted into the Tennessee Insurance Hall of Fame in 2002.  More importantly, Workman was cherished for the warmth of her friendship and the depth of her compassion. Countless individuals, drawn to her magnetic personality and genuine kindness, regarded her as family, including Roeder and Chaipan. 

“I will always remember Millie as one of my first female role models, both in the insurance industry and in life,” said Judy Chaipan, co-founder of the scholarship. “She embodied a combination of unapologetic style and strength, along with selflessness and kindness. My hope is that by establishing this scholarship, we can honor her legacy and continue to foster the development of strong female talent in the industry.” 

“We are incredibly thankful to Robin and Judy for their generous support in memory of an industry legend,” said Megan Miller, Executive Director of the Spencer Educational Foundation. “Millie was a strong advocate for educating the next generation of risk managers, and this award will ensure that her spirit of giving back continues for many years to come.”  

To learn more about Millie Workman and her legacy, visit https://www.irmi.com/biographies/millie-workman.  

To learn more about the scholarship and apply, visit www.spencered.org/scholarships.  

Spencer Educational Foundation Announces New Board Member Appointments and Executive Committee

Lyndsey Christofer of Chubb, Stephen Hackenburg of Aon, and RIMS Board Vice President Manuel Padilla of MacAndrews & Forbes join Spencer Board; Johnell Holly of FM installed as Chairperson

New York, NY (January 23, 2025) – The Spencer Educational Foundation announced the appointment of three new members to its Board of Directors effective January 1, 2025. Lyndsey Christofer, Head of North America Casualty, Major Accounts for Chubb, and Stephen Hackenburg, Property & Casualty Leader, Commercial Risk North America for Aon, have been appointed as new directors. Additionally, Manuel Padilla, Vice President, Risk Management and Insurance at MacAndrews & Forbes Inc., has joined the board as a RIMS ex officio member.  

The following officers have been installed as the 2025-2026 Executive Committee of the Foundation: Chairperson – Johnell Holly, FM; President – Jeff Cohen, Zywave; Vice President – Bob Thomas, Liberty Mutual; Treasurer – Michael VanAcker, RT Specialty; and Secretary – Jackie Bolig, WTW.

The Spencer Educational Foundation extends its sincere gratitude to outgoing board members Kristen Peed, Head of Corporate Risk of Sequoia (1 year of board service); Chris Lang, Digital Leader, Marsh Specialty and Global Placement of Marsh (6 years of board service); Kristen Bessette, Chief Data Officer of Zurich (9 years of board service); Matthew Schneider, Executive Vice President, M&A and Transaction Solutions of Aon (11 years of board service); and Teresa Black, Executive Vice President & Chief Operating Officer, Chubb Surety, North America (11 years of board service). Black also served as the Foundation’s Chairperson for the last two years.

Chairperson Johnell Holly stated, “The appointment of these three new officers illustrates Spencer’s commitment to engaging top leaders in the industry to support the next generation. We have great confidence that these new appointees will be a tremendous asset to the Foundation. We also wish to express our heartfelt appreciation to our outgoing board members for their invaluable service to Spencer over the years.”

To review the full roster of Spencer directors, visit www.spencered.org/leadership. 

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About the Spencer Educational Foundation:

The Spencer Educational Foundation is a non-profit organization committed to fostering the education and professional development of risk management and insurance students. Since its establishment in 1979, the foundation has been helping students succeed by providing scholarships, grants, and internships to talented individuals pursuing careers in these fields. To learn more about the Spencer Educational Foundation and its programs, please visit www.spencered.org.

Media Contact:

Tandeka Nomvete

External Engagement Director

Spencer Educational Foundation

Email: tandeka@spencered.org

Spencer Educational Foundation Awards Over $1.8 Million in 2024 to Elevate Risk Management and Insurance Education

More than 20,000 Students Impacted Through 2024 Programs and Scholarships

New York, NY (December 13, 2024) - The Spencer Educational Foundation, a leading non-profit organization dedicated to supporting education in risk management and insurance, is wrapping up another exceptional year after awarding $1.83 million to students and the organizations that educate them. The Foundation’s 2024 success is a testament to the leadership of Spencer’s 26-member Board of Directors and small but mighty staff of four.

Spencer made a positive impact on the lives of more than 20,000 aspiring risk management and insurance professionals in 2024 by awarding 105 Scholarships, 31 Internship Grants, 26 Risk Manager on Campus Grants, 24 General Grants, 14 Course Development Grants, and 40 Risk Management Challenge stipends and awards.

“We are incredibly grateful to our donor partners and supporters for their unwavering commitment to promoting education in risk management and insurance,” says Megan Miller, Executive Director of the Spencer Educational Foundation. “Their generosity has allowed us to provide invaluable financial support to talented students who will shape the future of our industry.”

Spencer partners with major industry players to execute on its mission of funding the next generation of Risk Management and Insurance leaders.  Of note, the Foundation received a $1M pledge from FM in 2024 along with generous funding from the Alliant Insurance Foundation to implement programming.  Spencer also benefits from sponsorship and significant in-kind support from RIMS, the risk management society.

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About the Spencer Educational Foundation:

The Spencer Educational Foundation is a non-profit organization committed to fostering the education and professional development of risk management and insurance students. Since its establishment in 1979, the foundation has been helping students succeed by providing scholarships, grants, and internships to talented individuals pursuing careers in these fields. To learn more about the Spencer Educational Foundation and its programs, please visit www.spencered.org.

Media Contact:

Tandeka Nomvete

External Engagement Director

Spencer Educational Foundation

Email: tandeka@spencered.org

Spencer Gala Raises Over $1.5 Million and Honors Lilian Vanvieldt-Gray

Insurance Industry Leader Alliant EVP Lilian Vanvieldt-Gray Honored at 2024 Funding Their Future Gala Event

New York, NY (September 24, 2024) – The Spencer Educational Foundation’s 2024 Funding Their Future Gala was a resounding success, highlighting and supporting the future of Risk Management and the Insurance industry. The event, which took place at the prestigious Cipriani 42nd Steet in New York City, brought together over 400 attendees for a glamorous evening dedicated to supporting future leaders in Risk Management and Insurance.

One of the evening's highlights was the honoring of Lilian Vanvieldt-Gray, Executive Vice President and Chief Diversity, Equity & Inclusion Officer at Alliant Insurance Services, for her remarkable contributions to the industry. Mrs. Vanvieldt-Gray's dedication and leadership have been instrumental in shaping a more diverse and inclusive future for the industry, making her a deserving recipient of this prestigious recognition.

Reflecting on being honored, Vanvieldt-Gray shared her gratitude and excitement: "I would like to take this opportunity to sincerely thank my mother for her profound sacrifice and unwavering dedication to our success.  My parents taught us the value of hard work, perseverance, and grace.  It was drilled into me.  Never believe that anyone is better than you, and never think that you are better than anyone else. Do something that matters, not something that is easy.  I use those life lessons daily.”

The Gala not only celebrated Vanvieldt-Gray's accomplishments but also showcased Spencer’s far-reaching impact and served as a fundraising platform for the Foundation’s ongoing programs and initiatives. Through generous sponsorships and contributions from attendees, the event raised over $1.5 million, which will be used to support scholarships and grants aimed at bolstering the talent pipeline.

"We are thrilled with the overwhelming support we received at the Spencer 2024 Gala," said Spencer Board Chair and EVP, Chief Operating Officer of Surety at Chubb, Teresa Black. "The funds raised will play a crucial role in providing educational opportunities and resources for the next generation of industry professionals. We are grateful to everyone who attended and contributed to making this event a tremendous success."

For more information about Spencer’s 2024 gala, visit www.spencered.org/funding-their-future-gala.

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About the Spencer Educational Foundation:

The Spencer Educational Foundation is a non-profit organization committed to fostering the education and professional development of risk management and insurance students. Since its establishment in 1979, the foundation has been helping students succeed by providing scholarships, grants, and internships to talented individuals pursuing careers in these fields. To learn more about the Spencer Educational Foundation and its programs, please visit www.spencered.org.

Media Contact:

Tandeka Nomvete

External Engagement Director

Spencer Educational Foundation

Email: tandeka@spencered.org

Spencer Educational Foundation Collaborates with Aon to Establish the Rick Miller Property Risk Management Scholarship

Scholarship Honors Industry Leader and Builds Future Generations of Leaders

New York, NY (July 10, 2024) — Aon, a leading global professional services firm, and nonprofit organization the Spencer Educational Foundation have joined forces to introduce the Rick Miller Property Risk Management Scholarship. This initiative will support outstanding college students who are dedicated to pursuing careers in risk management and insurance, particularly within the realm of property insurance.

To contribute to the Rick Miller Property Risk Management Scholarship and support future risk and insurance leaders, please visit https://givebutter.com/RickMillerScholarship.

The scholarship is a tribute to the late Rick Miller, a revered figure in the insurance industry known for his unparalleled expertise in property coverage. Throughout his career, Miller made significant contributions as both an underwriter and broker, leaving a lasting impact on the property insurance sector. Miller passed away in April at the age of 62.

“Rick was a giant in our industry and his roots in property insurance ran deep,” said Lori Goltermann, CEO of Regions at Aon. “He built a reputation as a rare talent with exceptional technical acumen and an incredible ability to connect with people. He used his leadership position to elevate others. Whether speaking to a summer intern or a Fortune 500 client, Rick treated everyone with the same level of dignity and respect. It is rare to find someone in our industry who didn’t consider him a friend and I count myself fortunate for having known and worked alongside him.”

Miller spent time with Industrial Risk Insurers (IRI) before joining Alexander & Alexander Inc., which was later bought by Aon, before returning to IRI to run its New York City office. He later worked at American International Group Inc. before rejoining Aon in 2005 as chief broking officer for national property. He was named practice leader in 2016 and ran Aon’s annual property symposium for the past 15 years.

“Spencer is deeply moved by the opportunity to commemorate Rick Miller, one of the industry’s greatest,” said Megan Miller, Spencer’s executive director. “By providing financial assistance to high-achieving students pursuing a path in risk management and insurance, we aim to inspire a new wave of professionals who share Rick's passion for the property sector.”

Applicants for the scholarship will be selected based on their academic performance, leadership qualities and dedication to pursuing a career in the insurance industry. The scholarship fund will not only offer financial support but also provide recipients with lifelong career support, mentorship opportunities and a chance to attend Aon’s Property Symposium annually.

Students interested in applying for the Rick Miller Property Risk Management Scholarship are encouraged to visit the Spencer website (www.spencered.org/scholarships) for more information on eligibility criteria and application details. Aon and Spencer look forward to identifying promising rising talent who will undoubtedly shape the future of the property insurance landscape.

About Aon:

Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues provide clients in over 120 countries and sovereignties with the clarity and confidence to make better risk and people decisions that help protect and grow their businesses.

Follow Aon on LinkedIn, X, Facebook and Instagram. Stay up-to-date by visiting Aon’s newsroom and sign up for news alerts here.

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About the Spencer Educational Foundation:

The Spencer Educational Foundation is a non-profit organization committed to fostering the education and professional development of risk management and insurance students. Since its establishment in 1979, the foundation has been helping students succeed by providing scholarships, grants, and internships to talented individuals pursuing careers in these fields. To learn more about the Spencer Educational Foundation and its programs, please visit www.spencered.org.

Media Contact:

Tandeka Nomvete

External Engagement Director

Spencer Educational Foundation

Email: tandeka@spencered.org

Investing in the Future: Spencer Educational Foundation Awards Record-Breaking Number of Scholarships in 2024

Empowering Tomorrow's Risk Management and Insurance Leaders

New York, NY (July 2, 2024) – The Spencer Educational Foundation celebrates a monumental achievement in its 45-year history, awarding a record-breaking $717,500 in scholarships to 105 deserving students. 2024 marks the highest number of recipients and total amount awarded.

The merit-based scholarships support undergraduate, full-time master's, part-time master's, and Ph.D. students across the United States and Canada who are pursuing careers in risk management, insurance, and actuarial science.

"The industry is stepping up in a big way to address the looming talent crisis, and this level of scholarship funding is a testament to that," said Megan Miller, Spencer Executive Director. " We are committed to fostering a diverse and talented pipeline of candidates for our partners. We congratulate all our scholarship recipients and look forward to their contributions to the industry!”

Spencer continues to expand its scholarship offerings, including six newly named scholarships from donor partners Arch Insurance Group, Marsh McLennan Agency (MMA), Philadelphia Insurance Companies, RIMS Connecticut Valley Chapter, RIMS New Jersey Chapter, and the Young Risk Professionals of Georgia. This year, Spencer awarded 66 named scholarships totaling $382,500, with 30 of them designated explicitly for merit-based diversity scholarships to support students from historically underrepresented groups.

The Foundation partnered with 32 companies, organizations, and individuals in 2024 to award named scholarships:

AF Group

Allied World Assurance Company Ltd.

Arch Insurance Group, Inc.

Argo Group International Holdings, Ltd.

AXA XL

The Beckage Firm

Brown & Brown Insurance

Chubb

Elizabeth M. Lisle (Spencer Scholar)

FM Global

Gabe Cossio (Spencer Scholar)

Gallagher  

Hylant

LAAIA

Liberty Mutual Insurance

Lockton Companies

Marsh McLennan Agency

Milliman

Philadelphia Insurance Companies

Risk and Insurance Management Society (RIMS)

RIMS - Atlanta Chapter

RIMS - Chicago Chapter

RIMS - Connecticut Valley Chapter

RIMS - Dallas-Fort Worth Chapter

RIMS - New Jersey Chapter

RIMS - New York Chapter

Risk Strategies

RSUI Group

Sedgwick

Travelers

Young Risk Professionals of Georgia

Zurich Insurance Group

Congratulations to the 2024 Spencer Scholarship award recipients:

·        Ernest Aboagye, Georgia State University

·        Siegfried Anyomi, University of Iowa

·        Alvaro Arcia, St. Mary's University

·        James Owusu Asare, Georgia State University

·        Kooper Ashmore, East Carolina University

·        Abigail Baidoo, University of Connecticut

·        Dylan Balon, University of Georgia

·        Skye Balonis, Temple University

·        Luke Barbaryka, Appalachian State University

·        Hugh Bartlett, Drake University

·        Katherine Bednarz, University of Michigan-Ann Arbor

·        Slaven Bekic, Illinois State University

·        Hrisha Bhatty, Appalachian State University

·        Sarah Bloemer, University of Wisconsin-Madison

·        Alyssa Bonino, St. John's University

·        Connor Bowen, University of Chicago

·        Xavier Brewington, Howard University

·        Kaylee Campbell, University of Nebraska-Lincoln

·        Trent Cappaert, University of Michigan-Ann Arbor

·        Lorenzo Casanova, St. John's University

·        Brittnee Cox, British Columbia Institute of Technology

·        Grace Dai, University of Wisconsin-Madison

·        Emma Daughtrey, University of Central Arkansas

·        Parker Davis, University of Nebraska-Lincoln

·        Nii Amoo Decardi-Nelson, University of Wisconsin-Milwaukee

·        Yamo Deniz, University of Miami

·        Je’Quan Dias-Hines, Georgia State University

·        Casady Dinkel, Illinois State University

·        Zoe Engelbert, University of Nebraska-Lincoln

·        Cacilia Enyan, Georgia State University

·        Cole Epler, Olivet College

·        Hamza Essaidi, University of Hawaii

·        Samuel Essuman, Illinois State University

·        Samuel Fox, Indiana State University

·        Sophia Fulgham, University of Arkansas

·        Omar Gonzalez, Appalachian State University

·        Avianna Gordon, Florida State University

·        Thomas Patrick Gormley, University of Cincinnati

·        Taylor Graciano, University of Georgia

·        Max Graves, Georgia State University

·        Carley Habing, Illinois State University

·        Morgan Hackworth, Olivet College

·        Gilbert Hagan, Georgia State University

·        Jade Harlow, Appalachian State University

·        Olivia Harmison, Illinois State University

·        Mary Harrington, Appalachian State University

·        Shimeng Huang, University of Wisconsin-Madison

·        Nelson Ibeh, Columbia University

·        Ikponmwosa Idada, Georgia State University

·        Kathryn Johnson, Illinois State University

·        Anish Joshi, St. John's University

·        Harizah Kabiruddin, University of North Texas

·        Tyler Keener, Pennsylvania State University

·        Kasyoki Kimeu, Georgia State University

·        Brady King, Saint Joseph's University

·        Lanai Kovacs Csuzi, British Columbia Institute of Technology

·        Oscar Lahti, University of St. Thomas

·        Hannah LaMaster, University of Nebraska-Lincoln

·        Diana Lara Gomez, University of Texas at El Paso

·        Jessica Larson, Drake University

·        Nguyet Le, DePauw University

·        Reihonna Lema, Georgia State University

·        Honglin Li, University of Wisconsin-Madison

·        Joie Li, University of Texas at Austin

·        Eric Locke, University of South Carolina

·        Manuel Martorell, Saint Joseph's University

·        Natalie Maruyama, University of Wisconsin-Madison

·        Matthew McGarrigle, Saint Joseph's University

·        Alejandro Mendoza Lunatti, Southeastern University

·        Prerna Mishra, Georgia State University

·        Luke Mostello, University of Nebraska-Lincoln

·        Caitlin Murphy, University of Nebraska-Lincoln

·        Quynh Nguyen, University of St. Thomas

·        Naomi Nwokoma, Temple University

·        Chikwerendu Obasih, Georgia Institute of Technology

·        Selynne Ochieng, Saint Joseph's University

·        Vincent O'Connell, St. John's University

·        Diego Orellana, Arizona State University

·        Chloe Ouedraogo, Georgia State University

·        Robert Petrella, Temple University

·        Zachary Rodgers, Texas A & M University

·        Zach Rubin, Temple University

·        Bridget Rush, Villanova University

·        Yiying Shao, University of Calgary

·        Melvin Shimba, St. John's University

·        Xiaoyu Song, University of Wisconsin-Madison

·        Lauryn Stallworth, Georgia State University

·        Peter Steinhoff, St. John's University

·        Trevor Stevens, Drake University

·        Raelyn Stiller, University of Minnesota

·        Srikar Sunil, Pennsylvania State University

·        Princess Tagoe, East Tennessee State University

·        Dana Telljohann, Florida State University

·        Madalyn Trevino, St. Mary's University

·        Jillian Turner, Indiana State University

·        Aleena Ukkan, University of Illinois Urbana-Champaign

·        Nandisha Uppiah, York University

·        Emma Wagner, University of Nebraska-Lincoln

·        Gabe Weber, University of Michigan-Ann Arbor

·        Tyler Welch, University of Wisconsin-Madison

·        Sophie Wokatsch, Drake University

·        Woongchae Yoo, Georgia State University

·        Alec Yoon, Texas A & M University

·        Alexis Young, Arizona State University

·        Samantha Zelling, Temple University

Donors who create a named scholarship or contribute $10,000 or more annually to the Foundation are eligible to receive Spencer’s Resume Book, which compiles the achievements of this elite group of students for outreach and recruiting purposes. 

For more information about the Foundation’s scholarship program, please visit www.spencered.org/scholarships.

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About the Spencer Educational Foundation:

The Spencer Educational Foundation is a non-profit organization committed to fostering the education and professional development of risk management and insurance students. Since its establishment in 1979, the foundation has been helping students succeed by providing scholarships, grants, and internships to talented individuals pursuing careers in these fields. To learn more about the Spencer Educational Foundation and its programs, please visit www.spencered.org.

Media Contact:

Tandeka Nomvete

External Engagement Director

Spencer Educational Foundation

Email: tandeka@spencered.org

Alliant Insurance’s Lilian Vanvieldt-Gray to Be Honored at Spencer Educational Foundation Gala

 Spencer’s annual Funding Their Future Gala in NYC will be held on Thurs Sept 12, 2024

New York, NY (April 30, 2024) – The Spencer Educational Foundation, a premier organization dedicated to fostering the growth and development of future risk management and insurance leaders, will celebrate its annual Funding Their Future Gala in New York City on Thursday, September 12, 2024. This highly anticipated event will take place at the iconic Cipriani 42nd Street, bringing together insurance leaders and industry supporters to recognize and celebrate excellence in risk management and insurance.

This year’s gala honors Lilian Vanvieldt-Gray, Executive Vice President and Chief Diversity, Equity & Inclusion Officer at Alliant Insurance Services, for her dedication and leadership in promoting diversity and shaping the future of the industry.

“Lilian embodies the best in class when it comes to championing programs which develop minds and shape futures. Her vision, leadership, and collaboration have been instrumental in advancing diversity, equity, and inclusion, which has played a critical role in leading our organization forward,” added Greg Zimmer, Chief Executive Officer of Alliant Insurance Services.

"We are thrilled to honor Lilian Vanvieldt-Gray at this year's gala," said Spencer Board Chair and EVP, Chief Operating Officer of Surety at Chubb, Teresa Black. "She is a true leader in our industry and a passionate advocate for diversity, equity and inclusion. We are grateful for her contributions to developing the next generation of talent and for Alliant’s commitment to Spencer."

Spencer’s Funding Their Future Gala serves as a platform to acknowledge exceptional individuals like Vanvieldt-Gray, who has been a driving force for positive change and progress throughout her career. Her forward-thinking approach and commitment to fostering a more inclusive and diverse industry have set a high standard for excellence, making her the ideal recipient of this prestigious award.

"I am excited about this year's gala and the opportunity to celebrate Lilian and her many accomplishments," said Duncan Ellis, Chair of Spencer's Fundraising Committee and Head of North American Retail Property at AIG. "We are proud to see her receive this much-deserved recognition, and we look forward to welcoming attendees to an exciting night of celebration, inspiration, and collaboration.”

In 2023, the Spencer Educational Foundation awarded $1.6 million, providing 103 scholarships, 52 grants, and 32 internships. Since Spencer’s founding 44 years ago, the Foundation has provided over $9.5 million in scholarships and more than $8 million in grants that have directly impacted the availability of risk management and insurance education and the quality of talent entering Risk Management and Insurance professions.

For information regarding sponsorship and ticket packages, please visit www.spencered.org/funding-their-future-gala.

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About the Spencer Educational Foundation:

The Spencer Educational Foundation is a non-profit organization committed to fostering the education and professional development of risk management and insurance students. Since its establishment in 1979, the foundation has been helping students succeed by providing scholarships, grants, and internships to talented individuals pursuing careers in these fields. To learn more about the Spencer Educational Foundation and its programs, please visit www.spencered.org.

Media Contact:

Tandeka Nomvete

External Engagement Director

Spencer Educational Foundation

Email: tandeka@spencered.org

FM Global Awards US$1 Million Grant to the Spencer Educational Foundation

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Johnston, RI (April 24, 2024) — Commercial property insurer FM Global today announced it has provided a US$1 million grant to the Spencer Educational Foundation. The grant, which will be distributed over a four-year period, will support programming aimed at developing and elevating the next generation of insurance professionals.

Spencer will allocate more than half of the grant toward its annual Risk Management Challenge, held in conjunction with the RISKWORLD® conference. The annual challenge is designed for college students to address community issues. In total, 38 university teams from 9 countries participated in this year’s competition. Spencer will invite the top eight teams to present their strategies at the 2024 RISKWORLD conference, which will be held in San Diego, California, from May 5-8. 

As sole corporate partner of the challenge, FM Global is contributing toward a significant mission — to support the next generation of insurance professionals by increasing student participation in the RISKWORLD conference year over year with enhanced awards and attendance stipends. More specifically, the funds will cover travel expenses for eight teams from four countries attending RISKWORLD, additional prize funding for the top three teams and more.

“We are a proud supporter of the Spencer Educational Foundation,” said Johnell Holly, senior vice president, Central division manager for FM Global, and president of the Spencer Educational Foundation’s board of directors. “Spencer’s mission to help fund the education of tomorrow’s risk management and insurance leaders aligns with FM Global's science- and research-based approach to risk management and helping our clients protect today for a better tomorrow.”

The remaining funds will be used toward general programs such as scholarships, grants and internships, and to support program-related staff and other program work, including Spencer’s mentorship program and webinar series. All these efforts are designed to create a diverse and robust pool of talent for the industry.

“This is the largest grant over a four-year period that the Spencer Educational Foundation has ever received,” said Megan Miller, executive director of the Spencer Educational Foundation. “We are extremely grateful for FM Global’s ongoing support of our mission and excited to expand the Risk Management Challenge to provide an unparalleled learning experience to students from around the world.”

FM Global has been a dedicated partner of the Spencer Educational Foundation for decades. The long-standing relationship has allowed Spencer to fund dozens of scholarships, develop numerous risk engineering training courses – including risk management college curriculum – sponsor events and provide internships and unrestricted funds for the organization’s daily operations.

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About FM Global:

Established nearly two centuries ago, FM Global is a mutual insurance company whose capital, scientific research capability and engineering expertise are solely dedicated to property risk management and the resilience of its policyholder-owners. These owners, who share the belief that the majority of property loss is preventable, represent many of the world’s largest organizations, including one of every four Fortune 500 companies. They work with FM Global to better understand the hazards that can impact their business continuity to make cost-effective risk management decisions, combining property loss prevention with insurance protection.

About the Spencer Educational Foundation:

The Spencer Educational Foundation is a non-profit organization committed to fostering the education and professional development of risk management and insurance students. Since its establishment in 1979, the foundation has been the foremost organization helping students succeed by providing scholarships, grants, and internships to support talented individuals pursuing careers in these fields. To learn more about the Spencer Educational Foundation and its programs, please visit www.spencered.org.

Media Contact:

Tandeka Nomvete

External Engagement Director

Spencer Educational Foundation

Email: tandeka@spencered.org

Spencer Educational Foundation Welcomes Daniel Perez as Program Administrator

Perez brings a wealth of key skills and experience to Spencer

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New York, NY (April 2, 2024) – The Spencer Educational Foundation is thrilled to announce the appointment of Daniel F. Perez as Program Administrator. Perez officially began his role on April 1, 2024, and will be responsible for managing and coordinating the Foundation's programs and events.

Perez brings a wealth of experience in higher education, program management, and strategic planning to the Foundation. His commitment to excellence and proactive problem-solving approach, combined with his deep understanding of the Risk Management and Insurance sector, positions him as a key player in shaping the future leaders of the industry.

"We have been looking for a dynamic individual who has a unique skill set and believe we have found that in Daniel," said Spencer Executive Director Megan Miller. "Daniel brings a wealth of skills in academia, administration, event planning, marketing, operations, nonprofit, and is well-regarded within the Risk Management and Insurance community."

Prior to joining Spencer, Perez served as Assistant Director at the Center for Advanced Entrepreneurship at Rollins College, where he successfully executed a myriad of student programs and coordinated major events. His tenure there included leading the strategy and execution of all programming, highlighting his adeptness in handling multifaceted projects and driving strategic initiatives.

Perez's consultancy work with the Casualty Actuarial Society further showcases his expertise in establishing and branding international programs, a skill set that is invaluable to Spencer as the Foundation expands its reach and impact. His role in launching Spanish and Portuguese-speaking programming underlines his ability to cater to diverse audiences, a crucial attribute for the international perspective needed at Spencer.

Perez's educational background includes a Master of Business Administration in Management and a Bachelor of Business Administration in International Business from The University of Texas at El Paso, enriched by international research experience in Beijing and Shanghai, China.

"We are delighted to have Daniel join the Spencer team and are confident that his experience and expertise will further bolster our mission of supporting the next generation of leaders in Risk Management and Insurance," said Teresa Black, Chair of Spencer’s Board of Directors.

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 About the Spencer Educational Foundation:

The Spencer Educational Foundation is a non-profit organization committed to fostering the education and professional development of risk management and insurance students. Since its establishment in 1979, the foundation has been the foremost organization helping students succeed by providing scholarships, grants, and internships to support talented individuals pursuing careers in these fields. To learn more about the Spencer Educational Foundation and its programs, please visit www.spencered.org.

Media Contact:

Tandeka Nomvete

External Engagement Director

Spencer Educational Foundation

Email: tandeka@spencered.org

Spencer Educational Foundation Announces Four New Members on Board of Directors

Alliant and AF Group representatives added to Spencer’s Board while new directors representing Zurich North America and RIMS take their seats

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New York, NY (February 8, 2024) – The Spencer Educational Foundation Board of Directors announced the appointment of four new board members, two of whom represent new organizations on the Board.

Alliant Insurance Services will now be represented by Joseph V. LaRocco, Jr., Carrier Relations Leader at Alliant and a 30 year industry veteran. Joe continues his service to Spencer as a board member in this new capacity. AF Group will also fill a seat on the Board which will be held by Michelle McLane, Senior Vice President, Business Development. Her industry experience spans underwriting, broker relations, and territory management, and she worked previously for M3 and Liberty Mutual.

Alban Laloum, Chief Customer Officer and Head of Distribution for Zurich North America, is succeeding Ron Davis, EVP, Head of Customer Management of Zurich, who had served this Board since 2011. Alban’s industry experience began in 1988 with Gras Savoye in Paris. He joined J&H in 1996 which later became Marsh, and held a varied of global account executive roles there prior to joining Zurich in 2014. Alban was named Zurich North America’s Chief Customer Officer and Head of Distribution in February 2022.

Spencer also welcomes RIMS Board Vice President Kristen Peed, Head of Corporate Risk at Sequoia as an ex-officio Board Member. She previously served as Director of Corporate Risk at CBIZ, Inc., and she has held a variety of risk management and brokerage roles. Kristen has also served on the Board of Directors for The Risk and Insurance Management Society, Inc. since 2018. Thanks goes to outgoing RIMS liaison David Arick, former Assistant Treasurer of Global Risk Management at International Paper Company, who has been named RIMS Board President, for his year of service to Spencer.

The appointments of McLane, Laloum, and Peed are effective January 1, 2024. The Foundation expresses gratitude to outgoing board member Lori Seidenberg, Senior Director, Strategic Client Engagement Leader at WTW, and former Global Director of Insurance of BlackRock, for her five years of service on the Board.

Megan Miller, Executive Director of the Spencer Educational Foundation, said, “We are excited to welcome our new board members and ex-officio member, and we thank our outgoing members for their valuable contributions to Spencer. These new appointments will help us in our quest to provide meaningful support to students as well as educators to ensure a robust and diverse talent pipeline for the risk management and insurance industry.”

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About the Spencer Educational Foundation:

The Spencer Educational Foundation is a non-profit organization committed to fostering the education and professional development of risk management and insurance students. Since its establishment in 1979, the foundation has been the foremost organization helping students succeed by providing scholarships, grants, and internships to support talented individuals pursuing careers in these fields. To learn more about the Spencer Educational Foundation and its programs, please visit www.spencered.org.

Spencer 2024 Board of Directors:

Chair: Teresa Black, Chubb

President: Johnell Holly, FM Global

Vice President: Jeffrey M. Cohen, Zywave

Treasurer: Kristin M. Bessette, QBE

Secretary: Bob Thomas, Liberty Mutual

Immediate Past Chair: Robin Roeder, Sedgwick

Stephen Acunto, Jr., Business Insurance

Jackie Bolig, WTW

Joseph Cellura, Allied World

Dr. Cassandra Cole, FSU

Andrea M. Dudek, Accenture

Duncan Ellis, AIG

Julie Gibson, Lockton

Alban Laloum, Zurich

Chris Lang, Marsh

Joseph V. LaRocco, Jr., Alliant

Dr. Weili Lu, California State University – Fullerton

Michelle McLane, AF Group

Kristen Peed, Sequoia

B. Puckett, Gallagher

Elizabeth Ricciardelli, Travelers

Michele J. Sansone, AXA XL

Matthew Schneider, Aon

Ben Sloop, Amwins

Sue Srinivasan, Arch

Michael VanAcker, RT Specialty

Media Contact:

Tandeka Nomvete

External Engagement Director

Spencer Educational Foundation

Email: tandeka@spencered.org

The Spencer Educational Foundation Awards over $1.6 Million for Risk Management and Insurance Education

Over 14,000 students reached through 2023 programs, scholarships, and funding

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New York, NY (December 15, 2023) - The Spencer Educational Foundation, a leading non-profit organization dedicated to supporting education in risk management and insurance, is wrapping up an exceptional year after awarding over $1.6 million to students as well as the organizations that educate them. Spencer support is allocated solely based on merit rather than financial need. Spencer is also agnostic when university program selections are made; attributes are weighted according to their ability to perpetuate the flow of talent into the insurance industry.

The Spencer Educational Foundation's 2023 success is a testament to the leadership of Spencer’s 26 members of the Board of Directors, the management team, along with Spencer’s trusted reputation of financial support for quality talent and programming amidst a changing landscape of education. Through scholarships, internships, and grants, the foundation continues to inspire and empower the next generation of risk management and insurance professionals.

Spencer made a positive impact on the lives of aspiring risk management and insurance professionals in 2023 by awarding 103 Scholarships, 32 Internship Grants, 22 Risk Manager on Campus Grants, 16 General Grants, and 14 Course Development Grants, totaling over $1.6 million.

"We are immensely grateful to our partners and donors for their dedicated support of our mission to promote education in risk management and insurance," says Megan Miller, Executive Director of the Spencer Educational Foundation. "This generosity has enabled us to provide valuable financial support to talented students pursuing careers in these insurance industry fields."

More than 85% of Spencer scholarship recipients remain in the insurance industry upon graduation. Scholarships are awarded to undergraduate, graduate, and Ph.D. students studying risk management, insurance, actuarial science, and other related majors in the US and Canada. The Internship Grants program provides funding for Risk Managers to hire interns in the risk management function of their organizations and offers real-world business environments where interns can quickly apply their knowledge, gain hands-on experience, and develop their industry contacts. The Risk Manager on Campus (RMOC) Grants program provides grants of up to $5,000 for universities to bring a practicing Risk Manager on campus to present and engage with students about the risk management profession and insurance industry over a 1-3-day period, and the General Grants program supports student-centered experiential learning opportunities at universities and industry organizations. Course Development Grants further support the creation and development of introductory and additional RMI courses for US and Canadian universities.

As the year draws to a close, the Spencer Educational Foundation would like to extend its deepest gratitude to all supporters who have contributed to the foundation's success. Their support has allowed the foundation to make meaningful investments in the education and future of talented students.

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About the Spencer Educational Foundation:

The Spencer Educational Foundation is a non-profit organization committed to fostering the education and professional development of risk management and insurance students. Since its establishment in 1979, the foundation has been helping students succeed by providing scholarships, grants, and internships to talented individuals pursuing careers in these fields. To learn more about the Spencer Educational Foundation and its programs, please visit www.spencered.org.

Media Contact:

Tandeka Nomvete

External Engagement Director

Spencer Educational Foundation

Email: tandeka@spencered.org

Spencer Educational Foundation Raises Over $1.5M to Support the Next Generation of Risk and Insurance Professionals

Insurance Industry Leader AIG EVP Lucy Fato Honored at 2023 Funding Their Future Gala Event

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New York, NY (September 15, 2023) – More than 400 insurance and risk management executives gathered at the Spencer Educational Foundation's Funding Their Future Gala on September 14 at Cipriani on 42nd Street in New York City. The group celebrated 2023 gala honoree Lucy Fato, Executive Vice President, General Counsel & Global Head of Communications of American International Group (AIG). The record-breaking event raised over $1.5M to fund scholarships, internships, and grants to shape the next generation of risk management and insurance professionals.

In her acceptance speech, Lucy Fato highlighted the importance of investing in future industry talent. She stated, "Providing grants, scholarships and other opportunities to students is a noble cause. It can be life-changing for a student, especially one who might not otherwise have an opportunity to pursue an education or recognize the vast opportunities that an industry like insurance has to offer."

Teresa Black, Spencer Board Chair and Chief Operating Officer of Surety at Chubb, on behalf of Spencer’s Board of Directors, also recognized two Spencer Scholarship recipients – Samiksha Padiyar, an undergraduate student at Temple University who was awarded the Hylant Scholarship this year as well as the Brown & Brown Diversity Scholarship in 2022; and Tawonga Muyila, an Actuarial Assistant with Corebridge Financial and recent graduate from Georgia State University where she was a two-time Spencer scholarship recipient.

Since 1979, the Spencer Educational Foundation has supported risk management education and helped to nurture and grow talent in the insurance industry. Through its scholarships, grants, and educational programs, the foundation has empowered tens of thousands of individuals to pursue their dreams and make a difference in the field.

"Thanks to our generous donors and sponsors, Spencer continues to enrich students’ lives and bolster the industry talent pipeline in a very tangible way," said Megan Miller, Spencer Executive Director. "It is truly inspiring to see what we can achieve when we come together in support of the future.”

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About Spencer Educational Foundation: 

The Spencer Educational Foundation is a 501(c)(3) nonprofit organization funding the education of tomorrow's risk management and insurance leaders through scholarships, grants, internship opportunities, on and off campus experiential learning, and support of risk management/insurance curricula. Since Spencer was founded in 1979, we have awarded over $9.5 million in scholarships and over $8 million in grants to universities and professional institutions impacting over 70,000 students through our programming. For more information, please visit us at www.spencered.org.

Media Contact:

Tandeka Nomvete

External Engagement Director

Spencer Educational Foundation

Email: tandeka@spencered.org

Spencer Educational Foundation awards close to $700,000 in scholarships in 2023

Highest Scholarship Award Year in Foundation’s 44-Year History

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New York, NY (August 15, 2023) – The Spencer Educational Foundation is proud to announce its 2023 Spencer Scholarship Award recipients. This year, Spencer awarded 103 scholarships to undergraduate, full-time master’s, part-time master’s, and Ph.D. students totaling $690,718, marking both the highest number of recipients and amount awarded in the Foundation’s history.

Spencer’s merit-based scholarships are awarded to students studying at institutions in the United States and Canada who aim to pursue a career in Risk Management and Insurance. Selection is based on academics, organizational involvement and leadership, honors and awards, work/internship experience, and demonstrated commitment to pursuing a career in the industry. Since Spencer’s founding in 1979, the Foundation has awarded more than 1,500 scholarships totaling over $9.5 million. This year’s recipients comprised 51% female, 48% male, and 45% non-White/non-Caucasian students.

“Spencer is proud to continue driving diverse talent into Risk Management and the Insurance Industry,” said Megan Miller, Spencer Executive Director. “Achieving this high-water mark in scholarship awards demonstrates the commitment of our industry partners to growing the talent pipeline through Spencer. Congratulations to our scholarship recipients and welcome to the Spencer Family!"

As Spencer continues to grow its scholarship program, the Foundation has expanded its named scholarship offerings, including from The Beckage Firm, Milliman, Risk Strategies, and RSUI Group. With the addition of these new partner offerings, Spencer awarded 64 named scholarships this year totaling $372,500, including 26 merit-based diversity scholarships, which are earmarked for students identifying with historically underrepresented groups in the industry.

Thank you to the following companies, organizations, and individuals for supporting Spencer through the creation of named scholarships:

AF Group

Allied World

Arch Insurance Group

Argo Group

AXA XL

Brown & Brown Insurance

Business Insurance

Chubb

Elizabeth Lisle

FM Global

Gabe Cossio

Hylant

Lockton

LAAIA

Liberty Mutual

Milliman

New York City Association of Insurance Women (NYCAIW)

RIMS - Atlanta Chapter

RIMS - Chicago Chapter

RIMS - Dallas-Fort Worth (DFW) Chapter

RIMS - New Jersey Chapter

RIMS - New York Chapter

Risk and Insurance Management Society (RIMS)

Risk Strategies

Arthur J. Gallagher & Co.

RSUI

Sedgwick

The Beckage Firm

Travelers

Zurich

Congratulations to the following 2023 Spencer Scholarship award recipients:

·        Caroline Adamsky, Temple University

·        Ajibola Akinyemi, Georgia State University

·        Emmanuel Ansah, Illinois State University

·        Sunghan Bae, University of Mississippi

·        Daniel Ballagh, Olivet College

·        Marcella Beasley, Eastern Kentucky University

·        Erin Berger, Temple University

·        Simran Bhagat, Drake University

·        Alyssa Bonino, St. John's University

·        Anne Bowen, Indiana State University

·        Eva Bruce-Thompson, Ball State University

·        Hunter Caister, Olivet College

·        Gavin Campbell, Saint Joseph's University

·        Kaylee Campbell, University of Nebraska-Lincoln

·        Carter Cappon, Olivet College

·        Lorenzo Casanova, St. John's University

·        Isabella Chang, University of Illinois Urbana-Champaign

·        Liam Christensen, University of Iowa

·        Grace Comas, St. John's University

·        Aaron Cox, University of Central Oklahoma

·        Patrick Drozd, Temple University

·        Jules Ebwele Mpako, Savannah State University

·        Zoe Engelbert, University of Nebraska-Lincoln

·        Jordan Erdal, University of St Thomas

·        Hamza Essaidi, University of Hawai'i at Manoa

·        Francesca Ferneau, Illinois State University

·        Ryan Fick, Temple University

·        Carlos Fuentes, University of Nebraska-Lincoln

·        Tyler Gabis, University of Illinois Urbana-Champaign

·        Gabriel Garcia, Dordt University

·        Alexander Gherardi, Georgia Institute of Technology

·        Thomas Patrick Gormley, University of Cincinnati

·        Zachary Grasty, Drake University

·        Rebecca Gyamfi-Koranteng, St. John's University

·        Zamin Habib, University Of Calgary

·        Carley Habing, Illinois State University

·        Logan Hartney, Temple University

·        Nicholas Hively, Ball State University

·        Sofia Holtje, St. John's University

·        Shimeng Huang, University of Wisconsin-Madison

·        Kathryn Johnson, Illinois State University

·        Anish Joshi, St. John's University

·        Emily Jung, University of Calgary

·        Navneet Kaur, University of Calgary

·        William Kegg, University of Cincinnati

·        Adam Keylin, Temple University

·        Pooja Khatri, University of Illinois Urbana-Champaign

·        Simone King, St. John's University

·        Andrew King, Indiana State University

·        Karina Kohli, Temple University

·        Angelina Krebs, Pennsylvania State University

·        Jessica Larson, Drake University

·        Nicholas Lauver, University of Nebraska-Lincoln

·        Gracie Law, Temple University

·        Honglin Li, University of Wisconsin-Madison

·        Joie Li, The University of Texas at Austin

·        Eric Locke, University of South Carolina-Columbia

·        Jessica Macha, Georgia State University

·        Alexa Machols, The University of Alabama

·        Joshua Madsen, University of Nebraska-Lincoln

·        Sonia Malhotra, Temple University

·        Karim Massarani, Illinois State University

·        Austin Massey, Temple University

·        Csilla Molnar, University of Houston-Downtown

·        Rylie Mooney, University of North Texas

·        Caitlin Murphy, University of Nebraska-Lincoln

·        Alena Nguyen, The University of Texas at Dallas

·        Naomi Nwokoma, Temple University

·        Vincent O'Connell, St. John's University

·        Ryan Orzeck, Temple University

·        Samiksha Padiyar, Temple University

·        Sejal Pamnani, Illinois State University

·        John Pappas, St. John's University

·        Robert Petrella, Temple University

·        Emily Pietersz, The University of Texas at Austin

·        Daniel Polites, University of Illinois Urbana-Champaign

·        Charlie Puhl, Drake University

·        David Ramdeen, St. John's University

·        Bridget Rush, Villanova University

·        Ryan Scandale, Temple University

·        Mohammad Soltani-Nejad, Temple University

·        Julia Sonntag, Indiana State University

·        Fiona Spinelli, Columbia University

·        Lauryn Stallworth, Georgia State University

·        Chad Stein, Pennsylvania State University

·        Trevor Stevens, Drake University

·        Dana Telljohann, Florida State University

·        Alexandra Then, Wake Forest University

·        Kristina Thomas, Olivet College

·        Mimi Trieu, Old Dominion University

·        Nicolas Vilov, West Chester University of Pennsylvania

·        Diana Vinokurov, Temple University

·        Colby Waters, University of Georgia

·        Gabe Weber, University of Michigan-Ann Arbor

·        Tyler Welch, University of Wisconsin-Madison

·        Aniya Wilson, Morgan State University

·        Cassie Woosley, Davenport University

·        Mitchell Yarger, Olivet College

·        Yue Yin, University of Connecticut

·        Anthony Zanghi, Temple University

·        Xiuwen Zeng, Arizona State University

·        Dekun Zhai, Temple University

·        Nicholas Zonarich, Elizabethtown College

For more information on the Spencer Educational Foundation, please visit www.spencered.org.

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About Spencer Educational Foundation:

The Spencer Educational Foundation is a 501(c)(3) nonprofit organization funding the education of tomorrow’s risk management and insurance leaders through scholarships, grants, internship opportunities, on and off campus experiential learning, and support of risk management/insurance curricula. Since Spencer was founded in 1979, we have awarded over $9.5 million in scholarships and over $8 million in grants to universities and professional institutions impacting over 70,000 students through our programming. For more information, please visit us at www.spencered.org.

Media Contact:

Tandeka Nomvete

External Engagement Director

Spencer Educational Foundation

Email: tandeka@spencered.org