Sompo Canopius* AG has appointed Paul Kedney as chief commercial officer. Kedney will join the group’s executive committee and work closely with Stuart Davies, group chief executive officer, and Mike Duffy, group chief underwriting officer.
Previously actuarial and risk director at AEGIS London, Kedney brings 17 years’ experience to his new role as well as skills that will help “to support robust and agile decision-making as he looks at maximizing profitability across the group,” the company said in a statement.
Kedney began his actuarial career in the pension field after six years’ of mathematical research. He joined the insurance industry in 1999, and following two years at Alleghany (now Talbot), he joined Milliman as a consulting actuary in 2001. He was appointed AEGIS London’s first actuary in 2004, initially with sole responsibility for all internal actuarial work. He was promoted to chief actuary as the team was established and later to actuarial and risk director. His responsibilities included reserving, business planning, dynamic financial modelling, pricing support, market analysis and performance monitoring. He is a Fellow of the Institute of Actuaries.
Stuart Davies commented: “Paul was one of the driving forces in making Aegis London a top performing business and it’s a coup to have persuaded him to join our already strong team at Sompo Canopius. I rate him as one of the sharpest people I’ve worked with and his considerable analytical skills and commercial acumen will be hugely valuable to us.”
* Sompo Canopius is a global specialty re/insurer which is wholly owned by Sompo Japan Nipponkoa Insurance Inc., one of the top three Japanese insurers. Domiciled in Zurich, it underwrites specialty lines business from its operations at Lloyd’s (Syndicate 4444) and other global locations.
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