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Challenges for an Insurance Director Discussion

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John S. Scheid is the Global Leader of PricewaterhouseCoopers’ (PwC) Insurance Assurance Services organization and Chairman of PwC’s Insurance Services group for North and South America, with responsibility for all services delivered to the insurance industry including assurance and

business advisory, tax, actuarial and financial advisory consulting. The PwC Insurance group in the Americas is comprised of over 200 partners serving the insurance industry on a full time basis. It has the leading market share of insurance company audits among the Big 4 accounting firms and is a leader in other specialized areas, such as actuarial consulting, risk management, regulatory/compliance advisory, and transaction services.

Mr. Scheid joined PwC in 1977. He was admitted to the partnership in 1988. Mr. Scheid became the Chairman of the firm’s Insurance Group in 1996. In 2000, Mr. Scheid began serving on the firm’s Global Financial Services Leadership Team.

Mr. Scheid’s current clients include Assurant, Inc., Northwestern Mutual and Zurich Financial Services. Clients served in the recent past have included Crum & Forster, Fairfax Financial Holdings, Fortis, NV, Guardian Life Insurance Company of America, Jackson National Life, MGIC, Prudential Insurance Company of America and Thrivent Financial for Lutherans. As a senior partner within PwC, he has a broad background in all aspects of the financial services industry and the insurance industry and is a frequent speaker at insurance/corporate governance meetings and symposiums.

Mr. Scheid received a Bachelor of Business Administration in Accounting from the University of Notre Dame. He is a member of the American Institute of Certified Public Accountants and is a Certified Public Accountant with licenses in New York, New Jersey, Connecticut, Michigan and Wisconsin. He contributes to many organizations as a volunteer and committee member, and serves on the Junior Achievement Worldwide Board of Directors (Chairman of the Audit Committee) as well as the University of Wisconsin Milwaukee Foundation Board of Directors and Children’s Hospital President’s Council. Mr. Scheid has been named to the “100 Most Influential People in the Insurance Industry – North America” list by Insurance Media Association for years 2002-2005.

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