Liberty Mutual Re, the reinsurance arm of Liberty Mutual Insurance Group, has today announced the appointment of Hetul Patel as Chief Actuary, Reinsurance, effective immediately.
In his new role, Patel takes on responsibility for driving actuarial insights to aid the reinsurer in meeting its strategic targets.
He is set to lead the Reinsurance Actuarial team, who provide pricing, reserving, and capital support to LM Re.
Patel will work alongside Brian MacMahon, current Chief Actuary, Reinsurance who retires at the end of 2021, and reports to Dieter Winkel, President, LM Re and Chris Short, Chief Actuary, Liberty Specialty Markets.
Patel brings more than 15 years of re/insurance industry experience to the firm, and joins the reinsurer from ActuariesOnTap (AoT), where he served as Director, Non-Life Consulting. Previously, he served as the Chief Actuary at Asia Capital Re.
“I am delighted to welcome Hetul to LM Re and look forward to working with him and his team as we deliver on our strategic objectives. He is an experienced global leader with a track record in generating profitable growth and managing international teams. He brings a depth of experience in data and analytics, which is exactly the skillset that we require for this role,” said Winkel.
“I would like to thank Brian MacMahon for his dedication and service to LM Re. All at LM Re wish him a long, happy and healthy retirement, when he leaves us at the end of the year,” he added.