Education & Qualifications
2012: CERA (Chartered Enterprise Risk Actuary)2011: MMath (Master of Mathematics) Cambridge University
1988: FIA (Fellow of the Institute of Actuaries)
1978: MA, 2nd class honours, applied maths, Cambridge University
Career Summary
October 2021 to present: Senior Actuarial Manager – Capital at Axa Insurance UKNovember 2020 to September 2021: Capital Modelling Consultant, Aspen Group
May 2019 to March 2020: Senior Manager, Lloyd’s Internal Model, Lloyd’s
August 2018 to March 2019: Head of Capital & Reserving at Axa Insurance UK
2018 to present: Director, Hitchcox Consulting Ltd.
2006 – 2017: Tokio Marine Kiln (TMK), Chief Risk Officer
Director & PRA Approved Person since 2006.
Solvency II Director since 2011
2001 – 2005: Swiss Re UK, Chief Risk Officer
1999 – 2001: ERC Frankona, London, Chief Actuary
1995 – 1999: Eagle Star Re, Chief Actuary
1991 – 1995: Mercantile & General Reinsurance, Actuary, General Branch
1978 – 1991: Mercantile & General Reinsurance, Various actuarial positions from student to manager
Responsibilities
I have been in C-suite positions for the last 22 years:
- Chief Actuary approx. 6 years; CRO approx. 16 years.
- Board experience: Director of PRA regulated entity last 11 years.
- Solvency II Director 2011-2016: multi-year major change project.
Most recent positions
October 2021 to present: Senior Actuarial Manager – Capital at Axa Insurance UKA maternity leave cover, in charge of a team of 6 actuarial capital modellers.
Responsible for all capital modelling and associated reporting activities.
Compliance with Axa Group economic modelling standards & Solvency II Internal Model standards.
November 2020 to September 2021: Capital Modelling Consultant, Aspen Group
Working with Group Head of Capital Modelling, to lead a team of 10 modelling specialists
For the Group and all solo entities, provide an Economic Capital Model across the full range of Specialty International classes
For the UK entities, support the ongoing delivery of the Solvency II Internal Model project
May 2019 to March 2020: Senior Manager, Lloyd’s Internal Model, Lloyd’s
A maternity leave cover, reporting to the Lloyd’s Head of Capital.
In charge of a team of 15 modellers (13 actuaries, 2 systems experts).
Responsibility for running and developing the Lloyd’s Internal Model (LIM).
August 2018 to March 2019: Head of Capital & Reserving at Axa Insurance UK
A maternity leave cover, reporting to the CRO.
In charge of a team of 6 modellers (3 qualified actuaries, 3 students).
Responsible for all capital modelling and associated reporting activities.
Compliance with Axa Group standards & with Solvency II Internal Model standards.
2006 – 2017: Tokio Marine Kiln (TMK), Chief Risk Officer
Director & PRA Approved Person since 2006.
Solvency II Director since 2011
TMK has £2bn of capital under management; an international specialty commercial insurer / reinsurer; one of the largest managing agents at Lloyd's; part of Tokio Marine Group; also owns and manages a medium-size company writing commercial business in the UK and branch offices throughout Continental Europe.
My statement of accountabilities included:
- Continual development of the company’s risk management approach ...
- Ensure the company’s risk management approach is thoroughly embedded across the company and at every level, and is integrated with risk appetite levels and the capital setting processes …
- Accountable to the relevant … Boards and Board Committees on risk management activities and material risk levels across the regulated entities.
- Performance of the firm’s ORSA.
- Oversight of Capital Modelling for the Group and for the regulated entities.
- Oversight of the company’s Exposure Management capability.
- Acting as the Senior Director responsible for compliance with Solvency II.
- Oversight of reserving, pricing, measurement of economic profitability, risk-based capital modelling and capital assessment, and risk management.
Key Achievements in most recent position
Risk appetite / ORSA / risk management system fully embedded at all levels of the company.
Solvency II Director:
- Full compliance with Solvency II.
- Internal Model: Successful IMAP, incl validation, Use Test [Board understanding].
- ORSA Report.
- Pillar 3 Reports: SFCR, RSR.
- Remuneration Report.
Key Achievements in previous positions
I have been in C-suite positions for the last 22 years:
- Chief Actuary approx. 6 years; CRO approx. 16 years.
Participated in or led 3 major corporate restructurings [re-capitalisation and re-organisation after losses; acquisition; merger and integration of two sister companies].
CRO of Year award from InsuranceERM 2014.
Established presenter at many industry conferences and business schools on insurance and risk management topics.
At the Institute of Actuaries.
Elected to Council July 2015 for 3 years (the top strategy and governance oversight body, comprising 30 of the most senior actuaries in the UK).
Risk Management Board since 2009 (“12 of the top RM actuaries in UK”), of which the last 2 years have been as Chair.
Member of GI Board for 6 years prior to that ("12 of the top GI actuaries in UK").
GI lifetime achievement award from Institute of Actuaries October 2011.
NED related experience.
Institute of Actuaries: member of Council since 2015: oversight and challenge of the Executive for strategy setting / execution and governance [effectively a supervisory Board].
Institute of Actuaries: member of Audit & Risk Committee since 2015.
C-suite since 2001: reporting to Boards and Board committees.