Dr. Frank Schmid is an insurance executive and financial economist whose career bridges Fortune 500 corporate leadership, central banking and academia. Frank was previously Chief Technology Officer at Gen Re.

At American International Group, Frank was the lead architect of the AIG-Berkshire Hathaway Adverse Development Cover — a $10 billion retroactive reinsurance transaction and the largest of its kind at the time of execution — and built the Federal Reserve System’s stress-test model for the Property & Casualty insurance sector.

Earlier in his career, Frank served as Senior Economist at the Federal Reserve Bank of St. Louis and as Senior Research Fellow at The Wharton School.

Frank earned a doctorate in economics and a post-doctorate in finance from the University of Lüneburg, Germany. He has held faculty appointments at Auckland University of Technology, the University of Lüneburg, and Goethe University Frankfurt, In 2006, the European Economic Association awarded Frank the Hicks-Tinbergen medal, jointly with Gary Gorton of Yale University.