Validus Re’s Salam promoted to group chief risk officer

Validus Re chief actuary and chief risk officer, Romel Salam has been promoted to executive vice president and group chief risk officer.

The promotion will be effective as of April 2, 2013. Salam has been with Validus since 2010. He will be replacing Stuart Mercer subject to approval by the Bermuda Department of Immigration.

Salam will report to John Henrickson, director of strategy, risk management and corporate development at Validus group.

Henrickson said: “I am very pleased that Romel has accepted the position… his skill set, experience and drive will lead Validus’ continued progress on critical enterprise risk management initiatives including capital modelling and exposure management. This internal appointment also further demonstrates Validus’ significant management depth.”