Bermuda-based Aspen Insurance coverage has named Andrew Dyer as its new chief danger officer (CRO) for its UK enterprise.

Contingent on regulatory clearance, Dyer is anticipated to take up the brand new position within the firm in November and will likely be based mostly in London.

He’ll report back to Aspen UK CEO Richard Milner with a matrix line into the corporate’s CRO Jenny Kane.

Within the new position, Dyer will likely be liable for guaranteeing that the UK enterprise stays organised round a powerful danger agenda.

He may also be liable for guaranteeing that correct laws and danger controls are deployed throughout the enterprise.

Dyer’s most up-to-date place was because the London markets division head for Prudential Regulation Authority (PRA).

Throughout his tenure at PRA, he additionally managed Lloyd’s (Society and Managing Brokers) and wholesale firm markets.

Commenting on the brand new growth, Milner stated: “Andrew’s appointment demonstrates the significance we place in sustaining sturdy danger administration and governance preparations and our dedication to persevering with to construct sturdy and open relationships with our regulators.

“Andrew’s deep understanding of the regulatory surroundings and spectacular community throughout the insurance coverage trade will likely be invaluable as we proceed to construct Aspen’s sturdy repute available in the market”.

Kane stated: “Our Lloyd’s Syndicate and UK enterprise are a key a part of Aspen’s imaginative and prescient to turn out to be a prime quartile (re)insurer and ship worth to stakeholders and traders, so I’m delighted that we had been capable of entice such a excessive profile and gifted chief danger officer.”

Aspen Insurance coverage just lately posted a 352% rise in web revenue to $219m for the primary half of 2023 from $48.4m within the year-ago half.