The National Institute of Building Sciences welcomed two new members, Carl Hedde and Thomas Izbicki, to its board of directors this January. The institute also said goodbye to retiring directors.
Hedde is senior vice president at Munich Reinsurance America, Inc. He manages the Risk Accumulation Department, which includes the catastrophe management, risk accumulation, and geo research functions. He is responsible for oversight of corporate accumulation issues, including the use of catastrophe risk models, client catastrophe risk consulting services, and portfolio management and optimization. He also manages a group of scientists that provide seismological and meteorological expertise and research capabilities to Munich Re America and its clients. Hedde is the immediate past chair of the Insurance Institute for Business & Home Safety (IBHS). He will serve a three-year term, representing the financial and insurance sectors in the industry category.