AEGIS London, the UK-based subsidiary of AEGIS (Associated Electric & Gas Insurance Services Limited), has announced the appointment of four new roles to help the business meet forthcoming Solvency II requirements. Vinay Mistry, who joins as Head of Capital Management, and Nalin Wickremeratne, who will be Head of Technical Reporting, will both report to AEGIS London’s Managing Director, Stuart Davies, while Holly Stirling joins as Actuary and Giuseppe D’Angelo as Actuarial Analyst, both of whom will report to Paul Kedney, Chief Actuary.
Vinay Mistry’s role as Head of Capital Management will see him take responsibility for capital management and managing relationships with the rating agencies as well as playing a key role in the successful implementation of Solvency II. Prior to this role he was at Lloyd’s where he held responsibilities for rating agency and investor relations and reinsurance in addition to serving as a Solvency II Account Manager. He has also held positions with Aviva and Merrill Lynch.
Nalin Wickremeratne, who joins as Head of Technical Reporting for AEGIS London, will be responsible for the management of all technical reporting requirements for AEGIS London and will also act as the data manager for Solvency II activities. He was formerly with Brit Insurance and is a Chartered Accountant.
Further strengthening AEGIS London’s actuarial team, Holly Stirling joins as an Actuary from Lane Clarke & Peacock LLP where she was an Associate Consultant in the General Insurance team, providing reserving and modelling actuarial services to a number of Lloyd’s syndicates. She has also been serving a secondment at Lloyd’s as an Analyst in the Market and Reserving Capital team.
As Actuarial Analyst, Giuseppe D’Angelo will provide internal actuarial analyst support. He formerly held roles with QBE Insurance and Ernst & Young Non-Life General Insurance.
Commenting on the new appointments, Stuart Davies, Managing Director, AEGIS London, said: “These four new roles not only illustrate the significant investment we are making in the infrastructure of our business but also reflect the complexities and resource demands of successfully meeting the regulatory requirements of Solvency II.
“A recent Lloyd’s Market Association survey found a near 50% increase in actuarial resources employed in the Lloyd’s market over the last three years and I would expect to see a succession of actuarial appointments elsewhere in the market over the coming year as the deadline for Solvency II implementation approaches.”
Source : AEGIS Press Release