Executive Team

Frank Schmid

Head of Property & Casualty Deals

Frank Schmid is the Head of Property & Casualty Deals of Fortitude Re. In this role, Mr. Schmid is responsible for property and casualty transactions globally.

Mr. Schmid joined AIG in 2012. Prior to AIG, Mr. Schmid was affiliated with the National Council on Compensation Insurance, where he pioneered the development of Bayesian econometric models in actuarial science. He also served as a Senior Economist in the Research Department of the Federal Reserve Bank of St. Louis. Mr. Schmid holds a doctorate in economics and a post-doctorate in finance from the University of Lüneburg, Germany. He has published numerous scholarly papers in finance and economics and held teaching and research positions at academic institutions in Europe, the Unites States, and Asia-Pacific. In 2006, the European Economic Association awarded him the Hicks-Tinbergen Medal, jointly with Dr. Gary Gorton of Yale University.