Africa Specialty Risks (ASR), the Pan-African focused reinsurance group, has hired Peter Way as a pricing actuary, marking the firm’s first actuary hire.
Way will focus specifically on the development of in-house pricing models.
His primary role will be to design the in-house pricing models in conjunction with the underwriting teams.
With its recent launch, this means that the ASR will have the opportunity to build bespoke African specific pricing tools, unencumbered by legacy software and data issues.
Way brings nine years of experience working in the insurance industry, having previously performed both actuarial and underwriting roles.
His experience includes exposure to the African markets via his former role as property underwriter at Brit, where African risks made up a material part of the international book.
Commenting on the hiring of Way, Mikir Shah, CEO of ASR, says: “Peter Way’s talent and experience is a real boon for ASR. His knowledge of the Lloyd’s and African markets will be invaluable as we develop our in-house pricing strategy to provide proficient, client-led services across the African reinsurance market.”
