Susan J. Patschak

Susan J. Patschak is an insurance executive with 25 years of experience in the industry.  She currently holds the position of Chief Executive Officer of the two Canopius Bermuda (Canopius) operations:  Canopius Bermuda Limited and Canopius Underwriting Bermuda Limited.  She has held these positions since October 2007.  Ms. Patschak was instrumental in the start-up of the Bermuda operation working on the development of the companies since March 2007.

Prior to joining Canopius, Ms. Patschak was with Endurance Specialty Insurance, Ltd. (Endurance) in Hamilton, Bermuda where she was an Executive Vice President and the Chief Operating Officer of the Bermuda operation.  In addition, she served on both Endurance Holding’s Executive Team and Loss Reserve Committee which oversees the liability levels for the entire group.  She has recently been named as one of the top 80 “Women to Watch” from “Business Insurance.”  She is a Fellow of the Casualty Actuarial Society and a Member of the American Academy of Actuaries.

Prior to joining Endurance, Susan was the Global Chief Actuary for the ACE Group of Companies in Hamilton, Bermuda. She held this position from July 2002 until June 2004.  In this role, Ms. Patschak was responsible for leading, coordinating and consolidating all actuarial functions in the company encompassing the efforts of over 100 actuaries employed world-wide throughout the organization.  Foremost among those functions was the quarterly evaluation of the overall loss reserve position of ACE.
Ms. Patschak’s major accomplishments at ACE included the enhancement of price monitoring tools, the establishment of a task force to comprehensively re-evaluate the asbestos and environmental liability reserve position of the company, the construction of a Global Schedule P to monitor, in a single document, the reserve movements for the entire group of companies, the development of an actual versus expected loss analysis methodology, and the improvement of actuarial talent in the group.  She was personally responsible for the hiring of six additional senior actuaries for various roles within the company.  She had also served as Chairman of the ACE Learning and Development Council. 
Prior to joining ACE, Ms. Patschak worked for over 17 years with Tillinghast – Towers Perrin (“Tillinghast”).  During this time, she held a number of senior management positions including Property/Casualty sector leader for North America and Managing Director of Latin America and Asia/Pacific.  She also served as the liaison between Tillinghast and Towers Perrin Reinsurance promoting joint marketing of services for these two divisions of Towers Perrin.  In addition, during her tenure with Tillinghast, she served as the Location Manager for the Atlanta, Philadelphia and Bermuda offices.  Her primary responsibility in each of these positions was revenue and profit growth.  She also had administrative responsibility for a staff of 250 employees.

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