Specialty property and casualty insurer Coaction has appointed Ellen Edmonds as chief actuarial officer.
Edmonds will report to Jonathan Ritz, CEO of Coaction and began in her new role on Wednesday. Most recently, Edmonds served as senior vice president and chief reserving actuary at Everest RE, after roles at Everest, Crum & Forster, and Reliance Insurance Company.
Ritz said in a statement: “Ellen joins us with over 30 years of experience across reserving, pricing, and financial reporting. She will build upon our strong actuarial foundation while continuing to advance our analytics and reporting capabilities. I am pleased she has elected to join the Coaction team at this pivotal time in our trajectory.”
Lee Lloyd, Coaction’s current chief actuarial officer will return to underwriting, reporting to Chris Dougherty, chief underwriting officer. Lloyd’s key leadership role within the home office underwriting team will initially focus on furthering the company’s portfolio strategy.
According to his LinkedIn profile, Lloyd was chief actuarial officer at Coaction between June 2021 and this week. Known as ProSight, the firm rebranded as Coaction Specialty in April.
Ritz said: “We thank Lee for stepping into the chief actuarial role over the past year and know that his return to the underwriting function will bring valuable expertise to our underwriting governance model.”
