AM Specialty Insurance Group has announced the appointment of Kevin Stephenson as Chief Finance Officer (CFO) and Viren Patel as Chief Risk Officer (CRO) of AM Specialty Insurance Company (UK).
An FCA/ACA-qualified accountant, Stephenson brings over two decades of financial leadership experience across the Lloyd’s and broader general insurance markets, having gathered deep expertise in finance operations, governance, and regulatory frameworks throughout his career.
In his new role, he will oversee financial operations for ASIC UK, including financial planning, reporting, and regulatory compliance, supporting the company’s financial strength and alignment with group strategy.
Prior to ASIC UK, Stephenson held senior roles at P&C insurer AXA XL, including Head of Finance for Lloyd’s & UK and CFO of AXA Africa Specialty Risks, and most recently served as Finance Director of Insurance Operations at Marco Capital.
At Marco, the executive led financial strategy, planning, and regulatory reporting across group insurance entities.
As CRO, Patel will be responsible for leading the company’s enterprise risk management (ERM) framework, overseeing capital, and managing risk governance activities to ensure compliance with UK regulatory expectations.
The executive is a highly experienced professional within the London market, having most recently served as Head of Risk at AEGIS London.
Prior to that, he held a similar senior role at Starr Companies, where his responsibilities included core ERM, Internal Model Validation, and ESG (Environmental, Social, and Governance).
Earlier in his career, Patel worked for several years at Lloyd’s and also held various senior risk and actuarial roles across the London Market, specialising in capital modelling and validation.
Darren Powell, CEO of ASIC UK, commented: “Kevin’s and Viren’s appointments mark important steps in the continued growth of ASIC UK. Kevin’s financial leadership and market experience, combined with Viren’s deep expertise in risk management and regulatory governance, significantly strengthen our UK leadership team as we continue to build a robust and well-governed insurance platform.”
