Nystrom, Keith - LI

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Keith R

Keith R. Nystrom, FCAS, MAAA, ARM Page 2

Keith R. Nystrom, FCAS, MAAA, ARM1628 Wadsworth RoadWheaton, IL 60189 (630) 841-1651krnystrom56@gmail.comEXPERIENCE

Zurich North America, Schaumburg, IL

1988 2016Actuary & Director Zurich Corporate Reserving (2008 2016) Supervised quarterly reserve analyses of primary general liability segments including proprietary construction products (Subguard, Homebuilders Protective)

Managed shifting staff of young actuarial professionals, often dealing with heavy turnover. Promoted analysts personal growth and supported their progress through the CAS Exam Syllabus.

Participated in Zurichs monthly close process, verifying that the results of actuarial analyses are appropriately reflected in the published financials.

Served as primary Reserving liaison to the Commercial Markets Business Unit (ZCM) comprised, over time, of a varying group of Strategic Business Units. This included quarterly discussions of the BU and SBU reserve position with the unit leadership and business partners.

Provided Finance units with insights regarding the incurred loss components of the ZCM/SBU financial results on a monthly basis.

Collaborated with Ceded Reinsurance colleagues on determining the drivers of indicated Schedule F requirements at the account level. Coordinated initiative to make ZNA Reserving Sarbanes-Oxley compliant

Collaborated with Global Peer Review teams on several key liability segments

Collaborated with both internal and external auditors on various portfolios

Responded to ongoing inquiries from varying auditing bodies.

Supervised the derivation of factors to generate ultimate earned premium levels for financial reporting.

Played lead role in developing process to appropriately represent Subguard retro programs in published financials

Actuary Zurich Commercial Markets (2003 2008) Performed/supervised semi-annual reserve analyses and profitability review work for selected books and/or lines of business

Supervised staff dedicated to supporting the general liability and property lines.

Over time, played leading role in embracing transition to a Commercial Markets actuarial model combining Middle Market, Financial Enterprises, Alternative Solutions, Construction, and Canadian strategic business units.

Supported the countrywide filings of several critical proprietary products. Supervised gathering and transmission of data supporting various reinsurance treaty renewals.

Played major role in annual planning process, learning nuances of navigating cumbersome corporate planning tool.

Served as referral resource on large account pricing proposals and collateral requirements.

Chief Actuary Zurich Middle Markets (2001 2002) Played senior management actuarial role for newly formed strategic business unit.

Performed semi-annual profitability reviews at the profit center level and presented results to executive management.

Supervised staff dedicated to supporting and advising field management on results at the branch/line/account/broker levels. This also included large account inquiries regarding loss picks and collateral requirements. Played lead role in annual planning process, deriving loss ratio selections for prospective planning period and entering into corporate planning models.

Actuary Zurich Enterprise Risk (1999 2001) Large account referral actuary with significant activity pricing the commutation of loss sensitive programs.

Dedicated on-site referral actuary for the Group Alternative Program solutions (GAPS) unit. This included pricing new business in the Programs area.

Assistant Actuary Zurich Corporate Actuarial Pricing (1990 1999) Large account referral actuary with significant activity pricing the commutation of loss sensitive programs.

Dedicated on-site actuarial resource for Zurich International SBU.

Supervised work comp pricing unit.

Served as actuarial support to Commercial Insurance target market initiatives.

Senior Actuarial Associate Zurich Corporate Actuarial Pricing (1988 1990) Filled special projects role.

Developed payout structure for Commercial Insurance ACES producer incentive program.

The Wyatt Company, Chicago, IL

1979 1988Consultant (1985 1988) Provided written reports to self-insured entities regarding current liabilities and prospective funding. Added verbal dialogue as needed.

Actuarial Analyst (1979 1984) Summarized raw data for self-insurers, produced projections and ran simulation models to support compilation of actuarial reports.

EDUCATION

University of Illinois, Urbana/Champaign

Bachelor of Science, Actuarial ScienceFellow of the Casualty Actuarial Society (FCAS)Member of the American Academy of Actuaries (MAAA)

Associate in Risk Management (ARM)