CNA Financial Corp. has appointed two new actuarial senior vice presidents.
Mark Kaufman has been appointed senior vice president of Actuarial Pricing for Specialty Insurance. Kaufman will be responsible for the overall direction and general management of specialty pricing in accordance with the company’s strategic plan and will report directly to Mark Herman, president and chief operating officer, CNA Specialty.
“Actuarial pricing is critical to the overall performance of underwriting, and our strategy has been to align those resources and organize expertise more directly to the business decision makers,” said Tom Motamed, chairman and chief executive officer, CNA.
Kaufman brings 20 years of actuarial experience to CNA, most recently serving as chief actuary of Global Professional lines for XL. Prior to that, he served as vice president and chief actuary for the Construction, Oil and Gas and Public Sector lines of businesses at Travelers. He is a Fellow of the Casualty Actuarial Society and holds an MBA from the University of Chicago, Booth School of Business.
In addition, Michael Shane has been appointed senior vice president of Reserving. Shane will serve as the appointed actuary for the U.S. and Bermuda subsidiaries of the CNA insurance companies.
Shane has served as a chief actuary and has held key leadership positions in both finance and claim organizations. Most recently, hel served as chief actuary for The RiverStone Group, a wholly-owned subsidiary of Fairfax Financial. He is a Fellow of the Casualty Actuarial Society and holds an MBA from Boston University.
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