Bermuda-based Aspen Insurance coverage has named Andrew Dyer as its new chief threat officer (CRO) for its UK enterprise.
Contingent on regulatory clearance, Dyer is predicted to take up the brand new function within the firm in November and will probably be primarily based in London.
He’ll report back to Aspen UK CEO Richard Milner with a matrix line into the corporate’s CRO Jenny Kane.
Within the new function, Dyer will probably be chargeable for making certain that the UK enterprise stays organised round a robust threat agenda.
He may even be chargeable for making certain that correct laws and threat controls are deployed throughout the enterprise.
Dyer’s most up-to-date place was because the London markets division head for Prudential Regulation Authority (PRA).
Throughout his tenure at PRA, he additionally managed Lloyd’s (Society and Managing Brokers) and wholesale firm markets.
Commenting on the brand new improvement, Milner mentioned: “Andrew’s appointment demonstrates the significance we place in sustaining sturdy threat administration and governance preparations and our dedication to persevering with to construct sturdy and open relationships with our regulators.
“Andrew’s deep understanding of the regulatory surroundings and spectacular community throughout the insurance coverage business will probably be invaluable as we proceed to construct Aspen’s sturdy fame out there”.
Kane mentioned: “Our Lloyd’s Syndicate and UK enterprise are a key a part of Aspen’s imaginative and prescient to turn out to be a prime quartile (re)insurer and ship worth to stakeholders and traders, so I’m delighted that we had been in a position to entice such a excessive profile and proficient chief threat officer.”
Aspen Insurance coverage lately posted a 352% rise in internet revenue to $219m for the primary half of 2023 from $48.4m within the year-ago half.
