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Reinsurance Association of America Elects 2017–2018 Officers

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May 12, 2017

Kean Driscoll, CEO of Validus Re, was elected chair of the Board of Directors of the Reinsurance Association of America (RAA) at the 49th Annual Meeting of Members on April 27, 2017. Mr. Driscoll is also chair of the RAA's Council of Reinsurers and Brokers.

Steve Levy, president of the Reinsurance Division of Munich Reinsurance America, was elected vice chair, and John Welch, chief executive of North America Reinsurance at XL Catlin, was elected secretary-treasurer.

Mr. Driscoll is the CEO of Validus Re, the reinsurance arm for the Validus Group. He was a founding member of Validus and previously served as chief underwriting officer. Mr. Driscoll has 20 years of experience as a reinsurance underwriter and was previously with Quanta Re and Zurich Re N.A. (Converium). He holds a BA in literature from Colgate University and an MBA from Columbia University, where he graduated with honors.

Mr. Levy is president of the Reinsurance Division of Munich Reinsurance America. He assumed his current position in 2014 and previously served as Munich Reinsurance America's chief financial officer and senior vice president since 2003. Prior to that, Mr. Levy was president of Munich Reinsurance America's Credit and Surety Division.

Mr. Levy joined Munich Reinsurance America in October 1997 as vice president in the Financial Products area. Before joining Munich Reinsurance America, he was senior vice president at Guy Carpenter. He also has prior banking and rating agency experience.

Mr. Levy holds an AB in mathematics from Dartmouth College and an MBA from the Wharton School at the University of Pennsylvania. In addition, he has earned the Chartered Financial Analyst designation.

Mr. Welch is chief executive of North America Reinsurance at XL Catlin. Previously, he served as president and CEO of XL Reinsurance America. Mr. Welch is a managing director of XL Catlin and a member of its Reinsurance Leadership Team. Formerly, he was head of Casualty and Surety Underwriting for XL Reinsurance America. From 2000 to 2004, he was the chief actuary and strategic planning officer. Mr. Welch joined XL Group through a merger with NAC Re, where he had served as vice president and pricing manager since 1997. He also held various actuarial positions at Travelers/Aetna Property and Casualty Corp. Mr. Welch is a fellow of the Casualty Actuarial Society and a member of the American Academy of Actuaries. He holds a BS in mathematics from Fairfield University.

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