Alessa Quane, FCAS, MAAA, has been named corporate chief actuary for American International Group, Inc. (AIG), where she will oversee the global actuarial and value management division. An 18-year veteran of AIG, Quane has served in a variety of AIG leadership roles in enterprise risk management and actuarial areas. Prior to her new post, she served as chief risk officer (CRO) for commercial insurance, and she supported the property-casualty business as CRO and head of enterprise risk strategy. Quane also served as CRO for AIG’s international businesses and as chief actuary for the U.K./Ireland and European regions.
Laura A. Maxwell, FCAS, MAAA, took top honors in an international competition of essays on how to review an Own Risk and Solvency Assessment (ORSA). ORSA is a tool that will supplement the solvency monitoring responsibilities of state insurance regulators. Maxwell’s paper, “Regulatory Review of ORSA Framework,” won first place. The competition was sponsored by the Joint Risk Management Section, whose purpose is to further education and research in the area of risk management and increase the profile of the actuarial profession. She is a consulting actuary at Pinnacle Actuarial Resources, Inc., in San Francisco. She has more than 25 years of actuarial experience in the property-casualty insurance industry and joined Pinnacle in 2006. The competition was sponsored by the CAS, the SOA, and the Canadian Institute of Actuaries, the three organizations making up the Joint Risk Management Section.
CNA Financial Corp. has appointed Mark Kaufman, FCAS, and Michael Shane, FCAS, as actuarial senior vice presidents. Kaufman, who will serve as senior vice president of actuarial pricing for specialty insurance, brings 20 years of actuarial experience to CNA, most recently serving as chief actuary of global professional lines for XL. Prior to that, Kaufman was vice president and chief actuary for the construction, oil and gas and public sector lines of businesses at Travelers. Shane will serve as the appointed actuary for the U.S. and Bermuda subsidiaries of the CNA insurance companies. He has served as a chief actuary and has held key leadership positions in both finance and claim organizations. Most recently, he served as chief actuary for The RiverStone Group, a wholly owned subsidiary of Fairfax Financial.
John Mentz, FCAS, has been appointed president, Arch Insurance Group, and will report directly to David McElroy, chairman and CEO, Arch Worldwide Insurance Group. In this new role Mentz assumes the direct management responsibility for all Arch U.S. underwriting divisions. Mentz joined Arch in October 2002 as executive vice president construction. In his most recent role, in addition to construction, he had ultimate responsibility for national accounts casualty, alternative markets, high excess compensation and lenders’ products. Mentz previously served in a variety of senior management positions with Zurich and the St. Paul.
Jonathan Norton, FCAS, has been hired to help establish and manage U.S. operations for Third Point Reinsurance Ltd. In addition to his leadership role with the new subsidiary, Norton is tapped to assume the role of chief reserving actuary for the Third Point Re Group, subject to the approval of the Bermuda Department of Immigration. Norton served as chief actuary of Alterra Reinsurance USA Inc. from its inception in May 2010 until the close of the Markel acquisition in May 2013. Prior to the Harbor Point and Max Capital merger that created Alterra, Norton was chief actuary of Harbor Point and chief actuary of its predecessor company, Chubb Re, Inc.
The board of directors of the Mass Group of Insurance Brokerages has appointed Greg Dunn, FCAS, to the role of president and CEO effective January 1, 2015. Dunn has extensive experience in senior leadership roles in the property and casualty insurance industry, including increasingly senior roles at Aviva Canada Inc., which he joined in 2004 and for which he was most recently executive vice president, national claims. Dunn was previously senior vice president, sales-specialty distribution at Aviva Canada, where he was responsible for national sales development of the affinity and group business through the independent broker network in
Canada.
