Venerable is pleased to announce the promotion of Parul Bhatia to Senior Vice President and Chief Actuary.
In Bhatia’s new role, she will lead the organisation’s valuation, management and strategy, and capital management and modelling teams.
She will also continue to oversee Venerable’s existing books of business as well as supporting efforts related to transactions involving new blocks in support of the firm’s growth strategy.
Previously, Bhatia served as Head of Valuation for Venerable, leading valuation of statutory, tax, and U.S. GAAP reserves and capital metrics primarily for variable annuities and payout annuities.
Prior to Venerable, Bhatia was a consultant at Willis Towers Watson, performing various actuarial analyses relating to support of insurance companies seeking growth opportunities.
She previously served as president of the Actuarial Club of Philadelphia, and is a frequent presenter at the Society of Actuaries and Actuarial Club of Philadelphia events.
Dave Wiland, Chief Financial Officer for Venerable commented: “Parul has exhibited stellar leadership and contributed significantly to the actuarial functions and underwriting process for transaction opportunities at Venerable.
“Her appointment to Chief Actuary represents our sustained confidence in her abilities as we continue to position ourselves as the partner of choice for issuers of variable annuities seeking risk transfer solutions.”
