Reinsurance News

Fidelis hires Victor Riega as head of sustainability

16th August 2021 - Author: Katie Baker

Fidelis Insurance Holdings, the specialty insurance and reinsurance firm launched by Richard Brindle, has appointed Victor Riega as its first head of sustainability.

victor-reigaRiega joins Fidelis from Standard Chartered where he was a Senior Sustainability Manager.

Prior to Standard Chartered, he worked at Aviva where he led their approach to human rights, along with their corporate responsibility governance framework and risk management.

Riega previously collaborated with Fidelis on their anti-slavery initiatives in working with Anti-Slavery International, to promote the use of a forced labour clause in marine cargo contracts.

Brindle, Chairman and Group Chief Executive Officer (CEO) of Fidelis, said: “We are delighted Victor has joined Fidelis having experienced the quality of his work and dedication to ESG during our anti-slavery initiative collaboration. As an industry, insurance is lagging behind others, including our own clients, on ESG.

“We have considerable soft power which we should be using to raise issues and drive change. We need to have measurable milestones in the coming years, not decades, and work with our clients in achieving these targets.  That is what we intend to do at Fidelis.”

Riega commented: “I’m excited to be joining Fidelis at a time when it is aspiring to be a market leader for sustainability in insurance. Turning good intentions into concrete actions is a commitment I share with Fidelis, and I look forward to leading and collaborating on that across the whole scope of environmental and social issues.”

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