Somerset Reinsurance Ltd., a provider of reinsurance solutions for the life insurance and annuity market, has named Riley LaTour as its new Chief Risk Officer (CRO), effective immediately, based in Bermuda.
In this new role, LaTour will be responsible for the firm’s risk management strategies and operations.
Most recently, he served as the Head of Risk Analytics for Somerset Re, leading quantitative risk assessments and supporting the CRO in managing and executing the risk management strategy.
Prior to this, LaTour was a member of the risk management teams at Kemper Corporation and Securian Financial Group involved in developing, implementing and maintaining effective risk management frameworks.
Stephen Robb, Chief Financial Officer of Somerset, commented on the appointment, “Since joining Somerset, Riley has been a critical and thoughtful part of our strong risk culture, and we look forward to continued growth of the Risk function under his leadership.”
LaTour added, “Somerset Re has a robust risk management framework and a history of enhancing capabilities in advance of business requirements.
“I am excited to continue this legacy and to contribute further to the progression of the enterprise as Somerset Re’s Chief Risk Officer.”
