Liberty Mutual Re hires ex-Asia Capital Re chief actuary

Liberty Mutual Re (LM Re), part of  Liberty Mutual Insurance Group, has appointed a new chief actuary, reinsurance.

Hetul Patel (pictured) will be responsible for driving actuarial insights to aid LM Re to meet its strategic objectives.  He will lead the reinsurance actuarial team that provides pricing, reserving and capital support to LM Re.

Patel will be initially based in Singapore and relocate to Cologne, Germany later this year.

He will take up his new role with immediate effect and work alongside Brian MacMahon, the current chief actuary, reinsurance, who retires at the end of 2021. Patel will report to Dieter Winkel, president of LM Re and Chris Short, chief actuary of Liberty Specialty Markets.

Patel joins LM Re from ActuariesOnTap (AoT), where he was director, non-life consulting. Prior to AoT, he was chief actuary at Asia Capital Re. He has over 15 years of experience in the insurance industry.

Dieter Winkel, president of LM Re, said: “I am delighted to welcome Hetul to LM Re and look forward to working with him and his team as we deliver on our strategic objectives. He is an experienced global leader with a track record in generating profitable growth and managing international teams. He brings a depth of experience in data and analytics, which is exactly the skillset that we require for this role.”

He added: “I would like to thank Brian MacMahon for his dedication and service to LM Re. All at LM Re wish him a long, happy and healthy retirement, when he leaves us at the end of the year.”

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