New professorship in agriculture risk management and insurance

January 30th, 2013 · No Comments · Agriculture, Alumni, News Release, Research, business, economics

The University of Manitoba is pleased to announce Dr. Lysa Porth (PhD/11) has been selected to head the new Guy Carpenter Professorship in Agriculture Risk Management and Insurance in the Asper School of Business. The establishment of this professorship has been made possible through a generous gift of $750,000 from Guy Carpenter & Company.

“The Asper Business School is very much looking forward to welcoming Professor Porth back to the University of Manitoba for the inaugural Guy Carpenter Professorship,” says Michael Benarroch, dean and CA Manitoba chair in business leadership. “Her background and expertise in agricultural risk management will be a great addition to our university and our faculty.”

Porth was awarded her doctorate in 2011 from the University of Manitoba, jointly with the Warren Centre for Actuarial Studies and Research in the Asper School of Business, and the department of agribusiness and agricultural economics in the Faculty of Agriculture and Food Sciences. In addition, Porth holds an MBA with a thesis option in management science and a Bachelor of Commerce (Hons.) in financial and actuarial studies from the Asper School of Business. Since August, 2011, she has been an assistant professor in the department of statistics and actuarial science at the University of Waterloo. Porth will be starting her role in the professorship on February 1, 2013.

“Building on our core research strengths is a strategic priority for the University of Manitoba,” says president and vice-chancellor David Barnard. “We are grateful for the support of Guy Carpenter & Company and other partners that enable us to attract outstanding scholars and researchers such as Professor Porth, whose work will benefit farmers and food producers across Canada.”

The research conducted by the Guy Carpenter Professorship will add tremendous value to the agriculture sector in Canada by stimulating sound and innovative risk management policy, as well as new private sector risk management and insurance initiatives. The position will also supervise graduate students in the newly created Master of Science program in actuarial mathematics. The professorship will provide significant benefit to the public and the agriculture sector resulting in more stable incomes for producers, more efficient risk management and production and enhanced food security.

“We are very pleased that Lysa Porth has been selected as the successful candidate for the Guy Carpenter Professorship,” says James McCarney, managing director of Guy Carpenter & Company. “We have the greatest respect for her and we are confident she will lead valuable research that will facilitate a deeper knowledge in this specialized field of study.”

For over 75 years, the Asper School of Business has stood at the centre of economic activity in Manitoba, providing innovative teaching, programs and research to equip tomorrow’s business leaders with the tools they need to succeed.

Guy Carpenter & Company is a global leader in providing risk management and reinsurance intermediary services. With over 50 offices worldwide, Guy Carpenter creates and executes reinsurance solutions and delivers capital market solutions for clients across the globe.

For more information contact Chris Rutkowski, marketing and communications office, University of Manitoba, at: 204-474-9514 or email: chris.rutkowski@ad.umanitoba.ca

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