CNA’s veteran chief actuary is retiring at the end of 2020 after 12 years at the insurer and 40 years in the property/casualty insurance business.

Larry Haefner’s retirement becomes official on Dec. 31. Chubb veteran Robert Hopper will succeed him and assume the role of executive vice president & chief actuary upon Haefner’s retirement.

In this role, Hopper will be responsible for leading CNA’s reserving, pricing and all actuarial activities for CNA globally. Through 2020, CNA will continue to benefit from Haefner’s actuarial counsel and leadership, though he will help with the transition, the company said.

CNA Chairman and CEO Dino Robusto credited Haefner with helping guide CNA “in maintaining a strong reserve position and in prudently navigating the organization through a wide array of underwriting actions and market conditions.”

Hopper, the soon-to-be-new chief actuary and 30-year P/C industry veteran, is known as “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,” Robusto added in prepared remarks.

Previously, Hopper was at Chubb for 28 years, most recently 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.

Source: CNA