Swiss Re revives group CUO role with McDonald
By Rebecca Delaney
Feb 27 - (The Insurer) - Swiss Re announced on Thursday that Kera McDonald will serve as group chief underwriting officer with effect from June 1.
McDonald will be responsible for underwriting performance across all business units, steering group capacity allocation, defining mid-term underwriting ambitions and approving large or complex transactions.
The role was previously held by Thierry Léger from 2020 until early 2023, when he departed to join rival Scor as CEO.
McDonald currently serves as CUO of Swiss Re Corporate Solutions, a role she assumed in 2022.
She joined Swiss Re in 2006, stepping up to the Corporate Solutions executive committee in 2019.
Separately, group chief risk officer Patrick Raaflaub is set to retire by the end of September 2025.
Swiss Re said the succession process is under way, with a replacement to be announced "in due course".
Raaflaub first joined Swiss Re in 1994 and held a number of leadership roles across finance and capital management.
He left the company in 2008 to become CEO of the Swiss Financial Market Supervisory Authority, before returning in 2014 as group chief risk officer and member of the group executive committee.
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