Carl Hedde is Senior Vice President and Head of Risk Accumulation in the Underwriting Services Division of Munich Re America in Princeton, New Jersey. He manages the Risk Accumulation Department, which includes catastrophe management, risk accumulation, and geo research functions. Mr. Hedde oversees corporate accumulation issues, including the use of catastrophe risk models, client cat risk consulting services, and portfolio management and optimization. Additionally, he manages a group of scientists that provide seismological and meteorological expertise and research capabilities to Munich Re America and its' clients. Mr. Hedde has a BS degree from the State University of New York at Albany, and holds the CPCU designation from the American Institute for Chartered Property Casualty Underwriters. He has 30 years experience at Munich Re America, holding various positions within the company. He currently serves as the Chairman of the Board of Directors of the Insurance Institute for Business and Home Safety, and is a founding Board Member of the International Society of Catastrophe Managers.