Initially based in Singapore, Patel will relocate to Cologne, Germany later this year.
Patel takes up his new role with immediate effect and will work alongside Brian MacMahon the current Chief Actuary, Reinsurance who retires at the end of 2021. Patel reports to Dieter Winkel, President, LM Re and Chris Short, Chief Actuary, Liberty Specialty Markets.
Patel will be responsible for driving actuarial insights to aid LM Re to meet its strategic objectives. He will lead the Reinsurance Actuarial team who provide pricing, reserving and capital support to LM Re.
“I am delighted to welcome Hetul to LM Re and look forward to working with him and his team as we deliver on our strategic objectives. He is an experienced global leader with a track record in generating profitable growth and managing international teams. He brings a depth of experience in data and analytics, which is exactly the skillset that we require for this role,” said Dieter Winkel, President, LM Re.
“I would like to thank Brian MacMahon for his dedication and service to LM Re. All at LM Re wish him a long, happy and healthy retirement, when he leaves us at the end of the year,” said Dieter Winkel.
Patel joins LM Re from ActuariesOnTap (AoT), where he was Director, Non-Life Consulting. Prior to AoT he was Chief Actuary at Asia Capital Re. He has over 15 years of experience in the insurance industry.
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