Chubb Limited has appointed Michael B. Kessler, FCAS, MAAA, CFA, as vice president, Chubb Group and as chief reinsurance officer. He will be responsible for design and purchase of reinsurance programs for Chubb and its business units globally, the company’s reinsurance recoverable asset and relationships with its reinsurers and reinsurance brokers. He will chair Chubb’s Reinsurance Security Committee and be a member of its Global Credit Committee. Kessler has 25 years’ experience in insurance and actuarial consulting. Since 2008, prior to ACE’s January 2016 acquisition of Chubb, he has served as chief actuary for the company’s international general insurance business. Kessler joined ACE in 2003 as senior VP and chief actuary for the specialty group of ACE Westchester. Kessler began his career at Aetna Life and Casualty and has held senior manager and consulting actuary positions at Ernst & Young LLP and PricewaterhouseCoopers LLP.
Selective Insurance Group has promoted Todd Hoivik, FCAS, to senior vice president, commercial lines pricing & research. Hoivik joined Selective in June 2016. Prior to that, he served as second vice president and actuary, CASD predictive modeling pricing team lead and second vice president, commercial auto lead actuary at Travelers Insurance Group.
Effective November 1, 2016, David Cook, ACAS, will succeed Jean Laurin as president of ENCON Group Inc., a leading managing general agent in Canada. Cook is a 24-year veteran with ENCON and the current chief underwriting officer (CUO). He has served company as vice president and chief actuary for underwriting management division. As a senior vice president, he was responsible for the underwriting review of large accounts and the provision of application handling and policy issuance services to brokers. Cook was promoted to CUO in 2009 and appointed managing director in 2016.
