Lloyd’s appoints SCOR exec as new head of risk aggregation

Lloyd’s has appointed Kirsten Mitchell-Wallace, currently SCOR’s EMEA regional head for catastrophe management in Zurich, as its new head of risk aggregation.

In the new role, Mitchell-Wallace will report to Jon Hancock, the director of performance management, and will be responsible for leading the strategy and day to day activities of the exposure management, reinsurance and catastrophe modelling teams at Lloyd’s.

She will take up the post with Lloyd’s before the end of this year. Lloyd's confirmed that David Clouston will continue as interim head of risk aggregation until that point, before establishing his own business.

Prior to joining SCOR, Mitchell-Wallace worked at Willis where she was the primary liaison with European and then Japanese broking teams. She also worked for RMS as a senior hazard analyst. She has co-authored 'Natural Catastrophe Risk Management and Modelling – A Practitioner’s Guide' which was published this year.

Hancock said: "Kirsten will bring a wealth of knowledge and experience to Lloyd’s garnered across the globe from insurance carriers, broker and modeller, and is a great addition to my senior leadership team. I am delighted that we have been able to attract someone of her calibre and deep understanding of the challenges and opportunities the team will be facing on a daily basis.

"I am also extremely grateful to David for his outstanding contribution in the interim role during 2017, including management of Lloyd's catastrophe risk under very challenging market circumstances and markedly progressing our understanding of cyber risk."

Mitchell-Wallace said: "I'm very excited to be joining Lloyd's and applying my practical experience in a new, and changing, environment. These are fascinating and vital areas of work for the insurance and reinsurance sector, and I am looking forward to working closely with the market and contributing fully to its future success."

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