20 July 2015 Insurance

Channel Syndicate hires AEGIS exec

The Channel Managing Agency, responsible for managing The Channel Syndicate, has appointed Vinay Mistry as chief risk officer and a board member.

He will report to David Reed, chief executive officer (CEO), and will be responsible for overseeing and developing the Syndicate’s risk management and actuarial function.

Mistry joins from AEGIS London where he was head of operations, responsible for a number of functions, including underwriting risk management, IT and compliance and for managing the delivery and implementation of its IT infrastructure programme.

Prior to this, Mistry held senior roles at Lloyd’s, most recently as manager of ratings and investor relations, where he managed external relationships with Syndicate boards, rating agencies and debt security holders.

Reed said: “Robust risk management has been key to our success to date and therefore recruiting a chief risk officer with the appropriate skillset and experience is a vital part of our growth strategy.

“Vinay is an excellent example of the talent within our industry and I am delighted he is joining us. He has an outstanding reputation and will play a crucial role in developing our risk and compliance functions to ensure we have a market leading approach.”

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