SiriusPoint looks to enhance pricing and cat modelling with new chief
Global specialty re/insurer SiriusPoint has appointed a senior leader to help enhance its approach to pricing and catastrophe modelling, and position the business for sustainable underwriting profitability.
Shams Patel has been promoted to the role of chief pricing actuary. He joined SiriusPoint in 2008 and most recently held the position of head of pricing and business planning in the UK.
In his new role, Patel will lead pricing strategy across SiriusPoint’s global re/insurance platform, working in partnership with global and regional underwriting teams to establish pricing that aligns to the company’s risk and profitability thresholds.
He will continue to be based in London, with a dual reporting line to David Govrin (pictured), global chief underwriting officer and Justin Brenden, chief actuary.
“We are delighted to make this promotion to our global underwriting and actuarial leadership team,” said Govrin. “With strong industry experience and professional credentials, Shams is a consummate team player and thought leader. He has consistently demonstrated an unwavering commitment to excellence as we continue to differentiate ourselves in the marketplace and position our business for sustainable underwriting profitability.”
Brenden added: “Shams has already proven himself to be a valuable member of the team. As Chief Pricing Actuary, he will be instrumental in enhancing SiriusPoint’s approach to pricing and catastrophe modelling and delivering on the business’s commitment to disciplined risk management by architecting consistent global standards. I am very pleased to welcome him to the role.”
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