PEMBROKE, Bermuda--(BUSINESS WIRE)--Somerset Reinsurance Ltd. ("Somerset Re"), a leading provider of reinsurance solutions to the life insurance and annuity market, is delighted to announce the appointment of Riley LaTour as Chief Risk Officer (CRO) with immediate effect. Riley will be responsible for the firm’s risk management strategies and operations.
Riley was most recently Head of Risk Analytics for Somerset Re, leading quantitative risk assessments and supporting the CRO in managing and executing the risk management strategy. Prior to joining Somerset Re, Riley was a member of the risk management teams at Kemper Corporation and Securian Financial Group, contributing to the development, implementation and maintenance of effective risk management frameworks.
Riley is both a Fellow and a Chartered Enterprise Risk Analyst of the Society of Actuaries. He majored in Actuarial Science at the University of Wisconsin – Eau Claire, graduating with a Bachelor of Science with Honors. Riley is based in Bermuda.
Stephen Robb, Chief Financial Officer of Somerset, commented: “Since joining Somerset, Riley has been a critical and thoughtful part of our strong risk culture, and we look forward to continued growth of the Risk function under his leadership.”
Riley LaTour, Chief Risk Officer, commented: “Somerset Re has a robust risk management framework and a history of enhancing capabilities in advance of business requirements. I am excited to continue this legacy and to contribute further to the progression of the enterprise as Somerset Re’s Chief Risk Officer.”
About Somerset Re
Somerset Re is a leading provider of reinsurance solutions for life insurance and annuity business globally, helping its clients with growth, managing capital efficiency and improving their financial results. With offerings that encompass new business support, legacy block management, and capital-driven reinsurance solutions, Somerset Re delivers tailored strategies to meet the diverse needs of its clients. Notably, large insurers ranked Somerset Re No. 1 in the Business Capability Index (BCI), according to NMG Consulting's 2023 U.S. Structured Financial Solutions study for the Asset-intensive Segment. For more information, visit www.somersetre.com.
