Global specialty insurer and reinsure SiriusPoint has announced the appointment of Shams Patel to the role of Chief Pricing Actuary.
Patel joined SiriusPoint in 2008 and most recently held the position of Head of Pricing and Business Planning in the UK.
As Chief Pricing Actuary, he will lead pricing strategy across SiriusPoint’s global re/insurance platform, working in partnership with global and regional underwriting teams to establish pricing that aligns to the company’s risk and profitability thresholds.
Going forward, Patel will continue to be based in London, with a dual reporting line to David Govrin, Global Chief Underwriting Officer and Justin Brenden, Chief Actuary.
“We are delighted to make this promotion to our global underwriting and actuarial leadership team,” said Govrin. “With strong industry experience and professional credentials, Shams is a consummate team player and thought leader.”
“He has consistently demonstrated an unwavering commitment to excellence as we as we continue to differentiate ourselves in the marketplace and position our business for sustainable underwriting profitability.”
Brenden also commented: “Shams has already proven himself to be a valuable member of the team. As Chief Pricing Actuary, he will be instrumental in enhancing SiriusPoint’s approach to pricing and catastrophe modelling and delivering on the business’s commitment to disciplined risk management by architecting consistent global standards. I am very pleased to welcome him to the role.”
