Aspen hires PRA official to be chief risk officer in UK

Bermuda-based Aspen Insurance Holdings has appointed insurance regulator Andrew Dyer to be the chief risk officer at Aspen UK, based in London.

Dyer will join Aspen UK in November from the Prudential Regulation Authority (PRA), where he was most recently head of division, London Markets, with responsibility for Lloyd’s (Society and Managing Agents) and wholesale company markets.

He has two decades of experience in risk management, governance, and oversight for insurance.

Dyer will report to Richard Milner, CEO Aspen UK, with a matrix line into Jenny Kane, Group CRO. He will be a member of Aspen UK’s Executive Committee. In his role, Aspen said Dyer will ensure Aspen UK continues to be structured around a robust risk framework, with strong governance and that appropriate supervision and risk controls are in place within the business.

Milner said: “Andrew’s appointment demonstrates the importance we place in maintaining strong risk management and governance arrangements, and our commitment to continuing to build strong and open relationships with our regulators.

“Andrew’s deep understanding of the regulatory environment and impressive network within the insurance industry will be invaluable as we continue to build Aspen’s strong reputation in the market”.

Kane added: “Our Lloyd’s Syndicate and UK business are a key part of Aspen’s vision to become a top quartile (re)insurer and deliver value to stakeholders and investors, so I’m delighted that we were able to attract such a high profile and talented chief risk officer. I look forward to working with Andrew.”