Premia subsidiary names new CEO

Alan Gray LLC, a subsidiary of Bermuda-based re/insurer Premia Holdings, has appointed Seth Patel (pictured) as its chief executive, repalcing Mike Ceppi, who will become senior advisor.

Bill O’Farrell, chairman of Alan Gray LLC and chief executive of Premia, said: “Seth is a seasoned insurance leader with an ideal mix of industry and consulting experience to lead Alan Gray into its next phase of growth. I am confident that Seth and our talented Alan Gray team will continue to seize market opportunities and build on its outstanding track record of service to its clients.”

O’Farrell added: “I want to personally thank Mike Ceppi for his service and leadership at the helm of Alan Gray. He guided the organisation with a steady hand and was instrumental in building Alan Gray into a highly respected, trusted partner for its clients. We look forward to continuing to work with Mike in the years ahead.”

Ceppi said: “I’m very proud of the talented team I had the privilege of working with at Alan Gray. I would like to thank our clients whose support made possible our success in growing the firm over the years. Alan Gray has adapted to ever changing markets with an uncompromised commitment to client service, satisfaction, and results. I look forward to working with Alan Gray as a senior advisor and continuing to contribute to its future success.”

Patel has more than 20 years of industry experience focused on leadership, strategy, and analytics, including underwriting, claims and reinsurance analytics, capital modeling, ERM, and capital markets/ILS, while working for companies including Swiss Re, Ernst & Young, American International Group and Verisk.