
Insurance for Nature and Nature for Insurance
In-Person Workshop
April 3, 2025
Washington, DC
This conference brought together diverse stakeholders for learning and ideation with a focus on how the insurance sector and investments in nature can support each other.
April 3, 2025
Washington, DC
Learn more about the links between insurance and nature here.
Speaker bios
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Prior to joining Marsh McLennan, Francis Bouchard spent 20+ years in a variety of external facing roles with Zurich Insurance Group, most recently as the Group Head of Public Affairs & Sustainability, where he focused on aligning the Group’s government affairs, sustainability and Foundation activities around impactful public affairs and social impact campaigns.
In addition, he was appointed as a 2024 Climate Leader in Residence at Duke University’s Nicholas Institute for Energy, Environment and Sustainability, and serves on APCO Worldwide’s International Advisory Council. He also sits on the Board of Directors for the national resilience non-profit SBP and the climate-focused insurtech incubator InnSure, as well as Advisory Boards of the Syracuse University Dynamic Sustainability Lab, Climate Resilience for All and the IN-CORE Project. He is a graduate of Syracuse University and the George Mason School of Law.
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Dr. Bridges’ research and teaching are focused at the intersection of natural and engineered systems. Before joining UGA in 2023, Todd was a scientist with the U.S. Army Corps of Engineers for 30 years, where for 17 years he served as the Senior Research Scientist (ST) for Environmental Science for the U.S. Army and USACE. Over his career, Dr. Bridges has led >$250 million in research projects and programs and in 2010 founded the Corps’ Engineering With Nature® program.
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Talley Burley is the Manager, Climate Risk & Insurance at Environmental Defense Fund. Her experience focuses on disaster resilience, housing resilience and financial resilience policy, to ensure people have access to affordable financial resources that support sustainable and resilient outcomes. Prior to joining EDF she worked for New York City government in the Mayor’s Office of Climate & Environmental Justice (MOCEJ) and the NYC Mayor’s Office of Housing Recovery Operations (HRO). She holds a B.A. in Political Science from American University and a Master’s in Urban Planning from New York University.
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Renee Collini, Ph.D., Community Resilience Center at The Water Institute, brings years of experience in providing tools and support to federal, state, and local entities pursuing adaptation and resilience strategies.
As director of the Community Resilience Center, Renee draws from on-the-ground experience working in underserved communities and navigating federal, state, and local governmental processes and systems to help support effective and equitable climate resilience planning and action in communities across the Gulf Coast.
Prior to joining The Water Institute, Renee served as a coastal climate resilience specialist with Mississippi State University and Sea Grant in the northern Gulf of Mexico for almost a decade, facilitating the flow of information between researchers and decision-makers to improve science application. As the lead of the Program for Local Adaptation to Climate Effects: Sea-Level Rise, she integrated a multi-state network of stakeholders, researchers, NGOs, and state and federal agencies to build tools, programs, and projects to address gaps in sea-level rise observing, research, and decision-making. She has collaborated on projects and efforts that have improved coastal community and environmental resilience and has led development of tools and programing that have been applied throughout the Gulf and across the United States. Collini is a recognized leader in resilience across the Gulf of Mexico and is serving as an author on the Fifth National Climate Assessment Coastal Effects Chapter.
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Samantha Cook, focuses on advancing finance and policy to address critical global challenges across climate, nature, economic development, and human well-being, she leverages her extensive market insights to drive innovative finance and public policy solutions. With two decades of experience Samantha has substantial experience in driving change both locally and globally, and possesses deep technical expertise in data, analytics, scenario analysis, economics, and policy. She has been pivotal in some of the most innovative disaster risk finance and insurance solutions for vulnerable communities and sovereign catastrophe risk pools including the issuance of several catastrophe bonds and the establishment the Pacific Catastrophe Risk Insurance Company.
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Beth Dwyer was appointed Superintendent of Insurance on Jan. 11, 2016, and named Director of Business Regulation in May 2023. Prior to this appointment, she had been employed by the Rhode Island Department of Business Regulation for 15 years, first as general counsel to the Insurance Division and later as associate director. Prior to government service, Director Dwyer was engaged in private law practice in California and Rhode Island specializing in litigation and insurance regulation.
Director Dwyer is a member of the National Association of Insurance Commissioners (NAIC) and is the current Vice President of the organization. She has served as chair of the NAIC Property & Casualty (C), Financial Condition (E) and Financial Regulation Standards and Accreditation (F) Committees as well as numerous task forces and working groups. She has served on the Board of Directors of National Insurance Producer Registry (NIPR) and as an Officer of the Interstate Insurance Product Regulation Commissioner (IIPRC). She is the NAIC representative to the Financial Stability Oversight Counsel (FSOC). She is also a member of the Executive Committee of the International Association of Insurance Supervisors (IAIS) as well as a member of a number of IAIS Task Forces. She is a member of the Rhode Island Artificial Intelligence Task Force (AITF) Government Fact Finding Team (FFT).
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Deborah Halberstadt is the Special Advisor to the Commissioner on Biodiversity and Inclusive insurance at the California Department of Insurance. In this role, she advises the Commissioner on the development and implementation of strategic initiatives associated with protecting and restoring biodiversity, and promoting social and environmental justice in the context of insurance regulation. Deborah guides innovation in insurance in order to mainstream biodiversity and ecosystem services into decision-making, while at the same time redressing social inequities. Deborah is a visionary and persuasive leader and an accomplished attorney. She has worked at the forefront of climate law and policy in California in her roles as Senior Climate Policy Advisor with the Department of Insurance, Deputy Secretary for Coastal and Ocean Policy with the California Natural Resources Agency, Executive Director of the California Ocean Protection Council, Deputy Attorney General with the Environment and Land Law sections of the California Department of Justice, and Federal Legislative Liaison in the Office of the Governor. She clerked for the Alaska Supreme Court and was cross-designated as a Special Assistant United States Attorney.
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Alice C. Hill is an expert on building resilience to catastrophic risks. She previously served as Special Assistant to President Barack Obama and Senior Director for Resilience Policy on the National Security Council staff where she led the development of national policy, including executive orders related to natural disasters, national security, and climate change. Prior to this, Hill served as senior counselor to the Secretary of the U.S. Department of Homeland Security (DHS). At DHS, she led the formulation of the department’s first-ever climate adaptation plan and the development of strategic plans regarding catastrophic biological and chemical threats, including pandemics. Hill currently serves as the David M. Rubenstein Senior Fellow for Energy and the Environment at the Council on Foreign Relations and was a Research Fellow at Stanford University’s Hoover Institution. She is the author of The Fight for Climate After COVID-19 and co-author of Building a Resilient Tomorrow. She currently serves on the boards of the Environmental Defense Fund and Munich Re Group’s U.S.-based companies. In 2020, Yale University and the Op-Ed Project awarded her the Public Voices Fellowship on the Climate Crisis. Earlier in her career, Hill was a supervising judge on both the Los Angeles Municipal and Superior Courts as well as a federal prosecutor and chief of the white-collar crime unit at the United States Attorney’s Office in Los Angeles, California.
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Dave Jones is Director of the Climate Risk Initiative at UC Berkeley School of Law’s Center for Law, Energy & the Environment (CLEE). He was Senior Director for Environmental Risk at The Nature Conservancy from January 2019 – June 2021 and a Distinguished Fellow with the ClimateWorks Foundation. Jones was California’s Insurance Commissioner from 2011 through 2018, where he pioneered climate risk regulatory best practices. Jones has degrees from DePauw University (B.A.) and Harvard University (JD/MPP).
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Megan Kelso is a conservation scientist at the University of California, Santa Cruz. Her background is in coastal wetland ecology and human well-being impacts of conservation and development projects. Megan enjoys working collaboratively across the environment, health, and development sectors to produce research that informs effective conservation and improves the wellbeing of local communities. At UC Santa Cruz, she co-leads a workforce training effort on coastal resilience and collaborations with the insurance industry to envision ways to better integrate nature into risk models, insurance coverages, and financial tools. Before coming to UC Santa Cruz, Megan was a NatureNet Science Fellow at UCLA and The Nature Conservancy, studying the effectiveness of integrated conservation and development approaches. Megan did her PhD at University of California, Davis, where she studied tradeoffs and synergies between wetland management goals such as carbon storage, invasive plant eradication, and mitigation of nutrient pollution mitigation in California salt marshes. Before graduate school, she led community-based wetland restoration projects for four years in San Francisco Bay and Point Reyes National Seashore.
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Dr. Carolyn Kousky is founder of Insurance for Good, Associate Vice President for Economics and Policy at Environmental Defense Fund, and author of Understanding Disaster Insurance: New Tools for a More Resilient Future and an editor of A Blueprint for Coastal Adaptation. She is a member of the Federal Advisory Committee on Insurance at the U.S. Department of Treasury, a member of the High-Level Advisory Board on the Financial Management of Catastrophic Risks at the OECD, and the vice-chair of the California Climate Insurance Working Group. She has published numerous articles, reports, and book chapters on the economics and policy of climate risk and disaster finance and she is routinely cited in media outlets. She was previously Executive Director at the Wharton Risk Management and Decision Processes Center at the University of Pennsylvania. Kousky has a BS in Earth Systems from Stanford University and a PhD in Public Policy from Harvard University.
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Gabe Martinez is ARMS Specialist at the Land Trust Alliance. Gabe joined the Land Trust Alliance in January 2022 and has successfully supported land trusts in upholding lasting perpetual conservation through the management of Terrafirma operations and claims and serving as a service-oriented resource to land trusts navigating the wide array of obstacles they face. He assists in developing, coordinating and implementing educational resources and practices, with a specialized focus on stewardship, risk management, land and climate, internal diversity, equity, and inclusion and external community-centered conservation.
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Ben McNeil has spent his career focusing on public sector disaster resilience and risk management. He currently works for Swiss Re's Public Sector Solutions team helping municipalities in North America define, develop and manage their risk transfer strategies. Previously, he worked for the City of Boston for nine years, serving most recently as the City's Risk Finance Manager. Ben received an MBA from Boston University's Questrom School of Business, and also holds an MS in Disaster Resilience from Tulane University in New Orleans, LA and a BA from Occidental College in Los Angeles, CA. Ben also serves as a Petty Officer Second Class the US Coast Guard Reserves out of Station Boston.
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Mara Mordecai is the National Sustainability Lead for Finance and Insurance at Ducks Unlimited Canada (DUC). In their role, they help DUC build strategic partnerships with financial institutions and insurers and leverage sustainable finance tools to further the organization’s mission of conserving, restoring and managing wetlands and associated habitats. Prior to joining DUC, Mara held roles in sustainability and social science research with organizations like TD Bank and Pew Research Center. They hold an MBA from the University of Toronto and a BA in International Relations from American University.
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Tom Murray is Executive Vice President, Solutions at Environmental Defense Fund (EDF). In this role, he oversees EDF’s strategic efforts to tackle climate change, fisheries management, habitat conservation, and public health. He ensures that EDF’s strengths in science, economics, partnerships, and equity are the foundation for achieving global goals. Tom also collaborates with the Marketing and Communications team to build EDF’s brand and highlight its impact. Previously, he led EDF+Business, driving innovative solutions with companies like Walmart, McDonald’s, and FedEx to transform industries. With over 20 years of management experience, Tom holds an M.B.A. from George Washington University and a B.A. in Political Science from Trinity College.
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Margaret Peloso is Senior Vice President, Chubb Group; Global Climate Officer; and Executive Director of the Chubb Charitable Foundation. Ms. Peloso has responsibility for Chubb's climate-related strategies, including business and public policy initiatives. She also oversees the Chubb Charitable Foundation, which supports clearly defined projects that solve problems with measurable and sustainable outcomes.
Ms. Peloso is an expert in environmental and global climate issues. She joined Chubb in 2023 from Vinson & Elkins, where she served as the law firm's Lead Sustainability Partner with responsibility for integrating sustainability and environmental, social and governance (ESG) factors across its portfolio. Before her 13-year tenure at Vinson & Elkins, Ms. Peloso completed a Ph.D. in Environment at Duke University, and her law degree at Stanford University. She also received Master's and Bachelor's degrees from Duke.
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Amanda Pinelli is a financial architect, builder of funds, businesses and partnerships to realign the economy with planetary health. She has co-founded innovative and collaborative venture models, led investment strategies and supported numerous startups in strategy, operations and finance. She is currently leading the development of a parametric nature insurance platform at NatureX.
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Eric Roberts, Climate Risk and Resilience Senior Manager on The Nature Conservancy’s (TNC) Global Climate Change Adaptation team, leads TNC’s risk reduction and management portfolio. In collaboration local and national partners, as well as the insurance industry and the humanitarian sector, he advances strategies and projects that integrate nature based solutions into disaster risk reduction and recovery efforts and employ innovative financial mechanisms, such as insurance for nature, to transform how communities manage risk, build resilience, and adapt to climate change.
Prior to joining TNC in 2018, Eric mediated public and environmental conflicts in the US and internationally at the Consensus Building Institute, assessed water quality as an environmental scientist in the Southeast United States, and worked with Paraguayans on agroforestry and soil and water conservation projects as a Peace Corps Volunteer. He holds a Master of Science with a focus on conservation ecology, policy and planning from the University of Michigan’s School of Natural Resources and the Environment and a Bachelor of Science in Environmental Management from Indiana University’s School of Public and Environmental Affairs.
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Steven M. Rothstein is the founding Managing Director of the Ceres Accelerator for Sustainable Capital Markets. The Ceres Accelerator aims to transform the practices and policies that govern capital markets in order to accelerate reduction of the worst financial impacts of the climate crisis and other sustainability threats.
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Liz Russell is the Louisiana State Director at Environmental Defense Fund. She leads the development and implementation of political and advocacy strategies that move to stabilize the global climate, build defenses against extreme weather, and reduce exposure to air pollution and toxic chemicals. Liz defines and drives Louisiana-based political and policy objectives for EDF and works to design and implement strategies for effective state and federal policy engagement to improve outcomes for Louisianans.
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Karen Sack is a co-founder and Executive Director of ORRAA. She has worked on ocean conservation, law and policy for the past three decades and spoken and written extensively on ocean conservation issues. She previously served as CEO of Ocean Unite, co-founded with Sir Richard Branson and José María Figueres. Before that, she had roles as Senior Director for International Oceans at The Pew Charitable Trusts and, as Head of Greenpeace International’s Political & Business Unit as well as its Oceans campaign. She has spearheaded global campaigns to secure a new high seas biodiversity treaty, establish large marine reserves and sanctuaries, reform the EU’s Common Fisheries Policy, end illegal fishing and high seas bottom trawling, and drive political and policy action to protect marine species. She also initiated the Global Ocean Commission. Karen has master’s degrees in international environmental law and in international political economy. She is originally from South Africa and now lives in the United States.
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Bob Spoth founded Ecosystems Insurance Associates 15 years ago after more than 30 years' experience with the major global insurance brokerage houses. His firm has since provided over $ 700 mm of surety or insurance policies to guarantee performance of ecosystem restoration projects. We work within a very narrow sector, the ecosystem restoration and preservation niche.
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Swenja Surminski is Managing Director Climate and Sustainability at Marsh McLennan, responsible for though leadership and capacity building across sectors and geographies. She initiated and is now chairing the global Marsh McLennan nature- related expert group, working on innovative solutions with colleagues from Marsh, Mercer, Oliver Wyman and Guy Carpenter. She is also Professor in Practice at the Grantham Research Institute, part of the London School of Economics and Political Science (LSE), where she currently leads LSE’s contribution to the EU’s NATURANCE project, managing innovation labs that link insurance and nature- based solutions. Since 2021 Swenja is the elected chair of the not- for profit Munich Climate Insurance Initiative, the world’s longest running think tank on climate insurance and resilience solutions for most vulnerable communities. She is on the advisory board of the Invest4Nature initiative and will be giving a key note on insurance and NBS at the UN’s Global Platform for Disaster Risk Reduction summit in Geneva in June 2025.
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Marta Vicarelli is Assistant Professor of Economics and Public Policy at the University of Massachusetts, Amherst. She is currently a research associate at the Euro-Mediterranean Centre on Climate Change and University Ca’ Foscari, Venice, Italy. Her research focuses on: (i) the risks and the socio-economic impacts of climate variability and climate change; (ii) the economics of Nature-based Solutions for disaster risk reduction and climate change adaptation; (iii) climate resilience and green-recovery strategies; and (iv) renewable energy policy. She is contributing author to the Intergovernmental Panel for Climate Change (IPCC) Fourth Assessment Report, Working Group II, on impacts, adaptation and vulnerability. Past appointments include research fellowships at the National Aeronautics and Space Administration (NASA) Goddard Institute for Space Studies, the Harvard University’s Center for International Development and Yale University Climate and Energy Institute. Vicarelli holds a PhD in Sustainable Development from Columbia University.
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Dr. Liz Whiteman, Executive Director, California Ocean Science Trustfocuses on the powerful role that science and knowledge can play in uncovering solutions, illuminating policy options, and developing roadmaps to accelerate progress towards a healthy and productive ocean future for California and the US West Coast. Liz serves as the Science Advisor to the cabinet-level California Ocean Protection Council, and she leads the Ocean Science Trust team in building capacity and resources for policy-relevant research, and delivering actionable science advice to state leaders in the executive and legislative branches of government.
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Sheri Wilbanks serves as the Head of Metrics and Solutions for AXA’s sustainable insurance, Sheri works with external and internal stakeholders to progress sustainable insurance opportunities and frameworks. She joined AXA’s Group Risk Management team in 2021 to support AXA’s chair of the newly formed Net Zero Insurance Alliance, and the development of the first measurement standard and target setting protocol for insurers’ underwriting portfolios. She is currently supporting the global underwriting operations of AXA, from within the Group Underwriting Office, in the development, execution, and reporting of initiatives focused on supporting the transition, adaptation solutions, and nature-based products and services. Sheri’s 20+ year insurance career spans underwriting, risk consulting, and sustainability in the US and across Asia.
Resources
Below are resources and additional background material for each conference panel.
Quantifying and Capturing the Benefits of Nature to Insurance
On the cost-effectiveness of Nature-based Solutions for reducing disaster risk
Natural Habitats Can Reduce Flood Losses: Swiss Re report showing how Florida’s mangroves reduce flood insurance claims
Nature-based Solutions for reducing disaster risk. What is the evidence?
Guidelines on Natural and Nature-Based Features for Flood Risk Management
New Approaches for Insurance to Support Nature Part 1: New products
Wildfire Resilience Insurance (read the technical report here)
SCOR’s new insurance product to support ecological restoration
An innovative insurance approach to urban forest management
Strengthening the Financial Resilience of Small-Scale Fishers
Developing Insurance Products for Surf Ecosystems and Surf Breaks
New Approaches Part 3: New Business Practices
Mississippi River towns pilot new insurance model to help with disaster response
New Approaches Part 2: New Business Models
Terrafirma: a charitable risk pool for conservation organizations (annual report here)
Nature Force: partnership between Ducks Unlimited and Canadian insurers for wetland preservation
The Role of Insurance in Unlocking Nature Finance: Howden and Pollination report
NatureX RMS: parametric insurance for nature-based solutions to climate change