Fidelis hires its first sustainability head


Fidelis hires its first sustainability head

Victor Riega, head of sustainability, Fidelis Insurance

Fidelis has hired Victor Riega as head of sustainability, a newly-created role for the Bermuda-based insurer.

Riega has previously collaborated with Fidelis on its anti-slavery initiatives.

This involved working with Anti-Slavery International (ASI) to promote the use of forced labour clauses in marine cargo contracts.

He has been hired from Standard Chartered where he worked as a senior sustainability manager.

Prior to this, Riega was at Aviva where he led the company’s approach to human rights and oversaw their corporate responsibility governance framework.

He has been hired by Fidelis to accelerate the insurer’s work on ESG, something chairman and group CEO Richard Brindle commented on as needing to catch up with other sectors.

Brindle said: “As an industry, insurance is lagging behind others, including our own clients, on ESG.

“We have considerable soft power which we should be using to raise issues and drive change. We need to have measurable milestones in the coming years, not decades, and work with our clients in achieving these targets.  That is what we intend to do at Fidelis.”

Fidelis, Standard Chartered, Appointment, Anti-Slavery International, ESG, Insurance, Reinsurance, Victor Riega, Richard Brindle, Bermuda

Bermuda Re