Brit Insurance, the international general insurance group, announces the appointment of Baldeep Johal to the newly-created position of Group Chief Risk Officer. Baldeep will join the Executive Management Committee and report directly to Group CEO Dane Douetil.
Baldeep joined Brit Insurance in 2001 and was subsequently promoted to Group Chief Actuary where he has created a strong actuarial and modelling team. He has led the Group in implementing a robust approach to reserving, introduced sophisticated pricing models, overseen the building of the Group’s capital models and enhanced its exposure monitoring capabilities.
Shane Kingston will be promoted to replace Baldeep as the Group Chief Actuary. Shane joined Brit Insurance in 2004 as Pricing Actuary and his recent responsibilities include Actuary for the Group’s Global Markets and Reinsurance businesses.
Both appointments are subject to regulatory approval.
Dane Douetil, Chief Executive Officer of Brit Insurance, commented:
“With the advent of Solvency II we have taken the opportunity to move all our risk management activities within the responsibility of this newly-created role. Baldeep will lead the Group in assessing the entire risk landscape whilst ensuring the appropriate business balance between risk and reward.”
Source : Brit Insurance Press Release
