Andy Schaut

As board member responsible for finance, actuarial, tax and risk management of two Life insurers, one General Insurer and a service entity. The Waard companies are part of Chesnara Plc, a UK-listed firm (PRA group supervision).

Relocating from CH to NL

The BU is a fast growing organization, mainly expanding in the lines of business Engineering, Marine, Art and Credit Life with subsidiaries in Belgium, Germany, Spain, Italy and Malaysia and Rep-offices in Miami and Istanbul. Key-words: IFRS and Statutory-reporting (Life and Non-Life), Implementation of a BU-wide MIS, Relationship with the Regulators in the respective territories; Improvement of operational infrastructure, Implementation of Solvency 2, Reinsurance, Risk Management, approx. 35 reports.

CFO & Board member 7 entities in CH. COO for larger reinsurance operation. The operations in Zurich comprised ca. 225 people and Fr. 4/ 4.5 billion of assets. Member of Continental Europe & Asia Management Board. Key-words: financial management, reporting, tax planning and compliance, FINMA, Swiss Solvency Test, internal model SST, outsourcing to India, IT responsible for reinsurance operation, Schemes & arrangements, Reinsurance collection, Broker relations, Captive management, US GAAP, Swiss GAAP, SOX.

Senior Manager in the Financial Services practice, with a focus on Insurance. Clients: the Winterthur Insurance Group (Non-Life and Group), Winterthur International Division (sale to XL Capital). Smaller clients: Swiss Life, Mannheimer, ARAG, The Federal, Allianz Suisse. During this period of time, provided services to customers in a broad range of matters, such as regulatory & compliance, FSA Consolidated Solvency reporting, SEC reporting, IFRS implementation, Transaction pricing, etc.

Established the industry group for Banks & Insurers. Provided Audit, M&A, Foreign direct investment related and other consulting services. Clients included both local organisations as well as subsidiaries of foreign investors. Management of a then rapidly growing organisation (225 employees). Clients included firms such as Société Générale, GE Capital, Raiffeisenbank of Austria, The National Bank of Greece, Damen Shipyards, etc.

First expatriate to start the KPMG office. Together with local partner responsible for office management (Finance, HR, Public relations, Quality control, compliance with IHQ, etc.), Client acquisition & Market development as well as relations with external organisations (EBRD, Worldbank, TACIS, IFC) and KPMG`s international organisation. Overall responsible for all types of services provided to customers, which included both local firms as well as many foreign investors.

During employment in the Netherlands worked both with international financial institutions and multinational industrials. Served clients in their day to day financial and fiscal issues and during year-end audit procedures. Led numerous audits. Also served in large teams on mergers (such as Options and Stock Exchange in the Netherlands), bankruptcy and structuring cross border finance transactions.

8-year university level private education done next to position at KPMG. Accounting/Audit/Tax/Management/Macro-economics/Insurance Mathematics/etc.