Larry Haefner, the executive vice president and chief actuary at US commercial property and casualty insurer CNA, is set to retire at the end of 2020, with Robert Hopper to succeed him in the role.
Haefner’s decision to retire brings to a close a notable 40-year insurance career.
“I want to thank Larry for his leadership as Chief Actuary for the last 12 years,” said Dino E. Robusto, Chairman & Chief Executive Officer, CNA.
“Larry’s deep actuarial expertise, broad industry knowledge and steadfast leadership have guided CNA in maintaining a strong reserve position and in prudently navigating the organization through a wide array of underwriting actions and market conditions.”
Haefner’s successor Hopper will be responsible for leading reserving, pricing and all actuarial activities for CNA globally.
Hopper joins CNA after a 28-year career at Chubb, where he most recently served as the senior vice president and actuary, commercial insurance.
Hopper has had a number of roles of increasing responsibility and has served on critical committees, including Actuary for the Chubb Global Casualty Product Board and Commercial Insurance Chief Ethics Officer.
“Bob brings deep actuarial expertise covering a wide spectrum of property and casualty products and strong experience across varied industry insurance cycles,” Robusto added.
“Over a career spanning three decades of dedication to the P&C industry, Bob has developed an impeccable reputation for being an innovative and collaborative leader and, critically, a leader with extensive knowledge of all facets of actuarial science who has worked closely and successfully with business units to enhance performance.”