Argenta appoints new group chief risk officer

11 June 2024 — Daniela GHETU

Argenta Holdings Limited, today announces the appointment of Niranjan Nathan as group chief risk officer (subject to regulatory approvals), assuming the role from Carol-Ann Burton, who will continue as group general counsel and compliance director.

Based in London and reporting to Nick Moore, CEO of Argenta Holdings Limited and managing director of Argenta Syndicate Management Limited (“ASML”), Nathan will also join the board of ASML.

Nathan has more than 20 years of experience in the global insurance industry spanning risk, pricing, reserving, risk capital, strategy development, and transformation. Nathan joins from EY where he was a partner and the UK non-life actuarial practice leader. Before this, he spent more than a decade at Swiss Re, where his roles included head of actuarial pricing UK, director group corporate strategy and development, before becoming chief risk officer of Swiss Re Corporate Solutions. Nathan will lead Argenta’s risk team and will oversee the actuarial function, working to ensure it maintains its robust risk framework, strong governance, and appropriate supervision and risk controls.

Nick Moore said: “We are delighted to appoint Niranjan to this key position. His vast experience in the industry makes him a real asset and he will play a crucial role in ensuring that Argenta’s continued growth is underpinned by a robust risk framework.”

Niranjan Nathan said: “I am excited to be joining at this stage in Argenta’s ambitious strategy. I look forward to working closely with the board, executive team, and teams across the business to further embed a strong framework for risk management and deliver on Argenta’s vision and strategy.”

About Argenta

Argenta Holdings Ltd, a subsidiary of Hannover Re, is the parent company of ASML and of Argenta Private Capital Limited (APCL), which provides investor capacity to the Lloyd’s market of GBR 4.3 billion for 2024.

ASML is a Lloyd's authorised managing agency, housing the Argenta Group's underwriting operations, Argenta Syndicate 2121 and SPA 6134. Syndicate 2121 has a total underwriting capacity for 2024 of £800 million split between: Property both Direct (including Power/Utilities) and Treaty; Energy and Marine; Terrorism; Casualty (including Financial Lines) and Political Risks. Hannover Re supports 100% of the GBR 133million underwriting capacity of SPA 6134 which provides quota share reinsurance to Syndicate 2121 as the host syndicate.