Swiss Re has appointed Kera McDonald as the Group Chief Underwriting Officer (CUO), effective June 1. McDonald, who is currently the Chief Underwriting Officer for Swiss Re Corporate Solutions, will join the group executive committee and will be responsible for leading underwriting strategy across all business units.
With over 30 years of experience in the industry, McDonald has been with Swiss Re since 2006. In her new role, she will oversee underwriting excellence, guide capacity allocation, set mid-term underwriting goals, and approve large or complex transactions.
Meanwhile, Swiss Re announced that Group Chief Risk Officer Patrick Raaflaub will retire by the end of September 2025 after a distinguished 25-year career with the company. Raaflaub first joined Swiss Re in 1994, later serving as CEO of the Swiss Financial Market Supervisory Authority (FINMA) before returning to Swiss Re in 2014 as Group Chief Risk Officer.
Swiss Re has initiated the search for Raaflaub’s successor. In a statement, the company’s leadership praised Raaflaub for his contributions to risk management and his role in shaping the company’s integrated risk approach.
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