Specialist Lloyd’s insurer Marketform, a wholly owned division the American Financial Group, announced that Veekash Badal will join the management team on October 1, 2012, in the newly created role of Chief Risk Officer. He will lead the risk and actuarial functions within the business.
Badal joins Marketform from Jubilee Managing Agency where he was Chief Actuary. Previously, he held the position of Chief Actuary at Whittington and was Head of the Market Capital team at Lloyd’s.
“This appointment adds additional depth and breadth to Marketform’s leadership team and follows on from the June announcements naming of John O’Neill as Chief Executive Officer and Andy Ribaudo as Chief Financial Officer,” said the announcement.
Marketform also announced that Oliver Lister has been appointed to the role of General Liability Class Underwriter. He was previously its Group Business Development Director. Lister joined the company in 2008 from Lloyd’s broker RFIB where he had oversight of the binding authority facilities and line slip division with particular focus on casualty classes.
O’Neill commented: “As these developments suggest, we remain focused on strengthening our leadership team and improving Marketform’s service offerings. Working with Simon Lotter, our Chief Underwriting Officer, John Mumford, our non-executive chairman, and the leadership team, our key focus will be on leading the company to achieve our customer-focused goals, improve profitability and maintain discipline to adhere to our strategic business plan.”