SiriusPoint drives for discipline with chief pricing actuary appointment

Specialty re/insurer SiriusPoint has announced appointed Shams Patel as chief pricing actuary. He will lead pricing strategy across the company’s global re/insurance platform, working with global and regional underwriting teams to establish pricing that aligns with SiriusPoint’s risk and profitability thresholds. Based in London, Patel will report to David Govrin, global chief underwriting officer, and Justin Brenden, chief actuary.

Patel has been with the business since 2008 and was head of pricing and business planning in the UK.

“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.”