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6th Annual Insurance Summit Program - Florida Chamber of ...

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Jack Nicholson, Ph.D., CLU, CPCU<br />

CHIEF OPERATING OFFICER, FLORIDA HURRICANE CATASTROPHE FUND<br />

Dr. Jack Nicholson is the Chief Operating Offi cer <strong>of</strong> the <strong>Florida</strong> Hurricane Catastrophe Fund (FHCF) for the State<br />

Board <strong>of</strong> Administration <strong>of</strong> <strong>Florida</strong>. He is also on the board <strong>of</strong> directors and is the President <strong>of</strong> the <strong>Florida</strong> Hurricane<br />

Catastrophe Fund Finance Corporation, a statutorily created public benefi t corporation created for the purpose<br />

<strong>of</strong> facilitating the issuance <strong>of</strong> bonds following a major catastrophe. In addition, Dr. Nicholson serves on the <strong>Florida</strong><br />

Commission on Hurricane Loss Projection Methodology (Commission) and served as its chair for the fi rst two years.<br />

At the State Board <strong>of</strong> Administration, Dr. Nicholson has the additional responsibility <strong>of</strong> overseeing the <strong>Insurance</strong><br />

Capital Build-up Incentive <strong>Program</strong>. He serves on the Advisory Council to the <strong>Florida</strong> Catastrophic Storm Risk<br />

Management Center at <strong>Florida</strong> State University.<br />

Jack Nicholson received his Ph.D. in Risk Management and <strong>Insurance</strong> from the University <strong>of</strong> Georgia in 1980 where<br />

he also earned his undergraduate degree in Business with a major in insurance. He received an M.B.A. from the<br />

University <strong>of</strong> North Dakota while serving as an <strong>of</strong>fi cer in the U.S. Air Force. Dr. Nicholson also has the pr<strong>of</strong>essional<br />

designations <strong>of</strong> C.L.U. (Chartered Life Underwriter) and C.P.C.U. (Chartered Property and Casualty Underwriter). He<br />

has taught in the area <strong>of</strong> Risk Management and <strong>Insurance</strong> at the University <strong>of</strong> Georgia, the University <strong>of</strong> Iowa, and<br />

<strong>Florida</strong> State University.<br />

Sharon A. Binnun, CPA<br />

CHIEF FINANCIAL OFFICER FOR CITIZENS PROPERTY INSURANCE CORPORATION<br />

Sharon A. Binnun, CPA, is Chief Financial Offi cer for Citizens Property <strong>Insurance</strong> Corporation. Ms. Binnun oversees<br />

Accounting, Finance, and Enterprise Risk Management which includes responsibility for fi nancial reporting,<br />

oversight <strong>of</strong> a $13 billion investment portfolio, leading risk transfer, and Citizens’ fi nancing programs. Ms. Binnun also<br />

oversees the Actuarial Services business unit which includes pricing, reserving, catastrophe modeling, GIS, and the<br />

corporate analytics group.<br />

Ms. Binnun’s public service also includes two stints as an insurance regulator as Deputy Commissioner for<br />

Commissioner Kevin McCarty and Chief Examiner for former Commissioner Bill Nelson Sharon’s background<br />

also includes ten years in public accounting with Deloitte and local CPA fi rms, insurance regulatory consulting and<br />

serving as Chief Financial Offi cer <strong>of</strong> a multi-state law fi rm. Ms. Binnun has a Masters <strong>of</strong> Pr<strong>of</strong>essional Accounting<br />

from the University <strong>of</strong> Miami and a B.S. in Accounting from <strong>Florida</strong> State University and has been a <strong>Florida</strong> licensed<br />

Certifi ed Public Accountant (CPA) for the past 25 years with experience in both <strong>Florida</strong> and Puerto Rico.<br />

17

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