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Aspen Insurance introduces EVP, group chief actuary

Aspen Insurance introduces EVP, group chief actuary | Insurance Business

Aspen Insurance introduces EVP, group chief actuary

Aspen Insurance Holdings has appointed Andrew Kudera as executive vice-president and group chief actuary, effective February 03, 2020.

Kudera has 40 years of actuarial experience in the re/insurance industry. He was most recently serving as executive vice-president and group chief actuary at Validus Group, from 2010 to 2019. Prior to that, he previously managed his own consulting company, Kudera Consulting, and has also held a number of senior level roles for Fireman’s Fund, Endurance, and KPMG.

A company release noted that with Kudera’s appointment, previous group actuary Paul Frydas will assume the new role of chief analytics officer. In his new role, Frydas will lead strategic pricing, aggregation management and modelling. Although he takes new responsibilities, Frydas will still serve as chief actuary for Aspen Insurance UK, Aspen Management Agency, and Aspen Bermuda.

“Welcoming industry leading experts of Andy’s quality to our team increases our capabilities, allowing us to transform our business, simplify and enhance our operations, and increase accountability across these functions,” said Aspen Insurance Holdings executive chairman and group CEO Mark Cloutier.

Cloutier also commented that Kudera’s capabilities and perspective, together with Frydas’s expertise and experience, “will create a strong partnership across complimentary disciplines.”