Lloyds appoints top risk boss

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Lloyd’s, the world’s specialist insurance and reinsurance market, today announced Dr Kirsten Mitchell-Wallace has been appointed as the new Head of Risk Aggregation.

The role reports into Jon Hancock, the Director of Performance Management, and is responsible for leading the strategy and day to day activities of the Exposure Management, Reinsurance and Catastrophe modelling teams at Lloyd’s.

Dr Mitchell-Wallace is currently SCOR’s EMEA Regional Head for Catastrophe Management and is based in Zurich. She co-authored “Natural Catastrophe Risk Management and Modelling – A Practitioner’s Guide” which was published this year. Prior to joining SCOR, Dr Mitchell-Wallace worked at Willis where she was the primary liaison with European then Japanese broking teams. She also worked for RMS as a Senior Hazard Analyst. In 2001 she completed her PhD in Atmospheric Physics from Imperial College, London.

She will take up the post with Lloyd’s before the end of this year. Lloyd’s confirmed that David Clouston will continue as interim Head of Risk Aggregation until that point, before establishing his own business. 

Welcoming the appointment, Jon Hancock said:

“Kirsten will bring a wealth of knowledge and experience to Lloyd’s garnered across the globe from insurance carriers, broker and modeller, and is a great addition to my senior leadership team. I am delighted that we have been able to attract someone of her calibre and deep understanding of the challenges and opportunities the team will be facing on a daily basis.

“I am also extremely grateful to David for his outstanding contribution in the interim role during 2017, including management of Lloyd’s catastrophe risk under very challenging market circumstances and markedly progressing our understanding of cyber risk.”

Kirsten Mitchell-Wallace said:

“I’m very excited to be joining Lloyd’s and applying my practical experience in a new, and changing, environment. These are fascinating and vital areas of work for the insurance and reinsurance sector, and I am looking forward to working closely with the market and contributing fully to its future success.”

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