Swiss Re’s Board of Directors announced last week that David Cole, currently Swiss Re Group Chief Risk Officer (CRO), will become Group Chief Financial Officer (CFO), effective 1 May 2014.

Cole succeeds George Quinn, who is leaving Swiss Re to become CFO of Zurich Insurance Group.

Cole joined Swiss Re in November 2010 and became Group CRO in March 2011.

Prior to this, he had been with ABN Amro Holding, a Netherlands-based banking group, where he last served as CFO and CRO. He held a number of risk management and client relationship management positions and worked in several countries in Europe and the Americas.

He joined ABN Amro in 1984.

In 2012 and 2013, David Cole also served as Chairman of the CRO Forum, an international association of high-level risk management professionals from the re/insurance industry.

He was born in 1961 and is a Dutch and American citizen.

A new Group CRO will be announced in due course, Swiss Re said.

Source: Swiss Re