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Member, Beacon International Group, Ltd.
Susan J. Patschak
Executive Vp and Chief Operating Officer
Endurance Specialty Insurance Ltd.
Hamilton, Bermuda
Age: 45
Susan J. Patschak became an actuary before joining Tillinghast-Towers Perrin in 1985, where she worked for the next 17 years, holding several senior management positions. She then joined ACE Ltd. in 2002, where she served as global chief actuary and led a team of more than 100 actuaries. Ms. Patschak joined Endurance in 2004 and was responsible for the property catastrophe unit. Earlier this year, she was promoted to executive vp and chief operating officer. In addition to the responsibilities of her new position, she is a member of the executive team of Endurance Speciality Holdings Ltd., and serves on the Loss Reserve Committee overseeing the liability levels for all of the Endurance Specialty Holdings companies.
What would you change: "I think as far as the industry as a whole, I would love to see less regulation. But if you are looking at people in the industry, we need to raise the bar on the level of talent we select and hire. By taking a more proactive role and identifying the skill sets we need to succeed, we could then hire the best and brightest young people and raise the overall talent in our industry to a higher level."