Insurance brokerage firm Purves Redmond Limited (PRL) has welcomed Lauren Welch as alternative risk transfer practice leader. Welch brings more than 15 years of captive and multinational experience to the role, where she will help to support and develop captive insurance opportunities for PRL clients. Additionally, she will use her ability to navigate the complexities of fronting insurance to optimise the cost of compliance, according to PRL. Welch joins PRL from global insurance organisation American International Group (AIG), where she was most recently global fronting and multinational regional leader for Western Canada. She first joined AIG in 2006 as assistant vice president, based in Bermuda, before taking on her most recent senior role in Vancouver, Canada. Commenting on the appointment, national risk management leader Mark Johnstone says: “We are thrilled to have Lauren joining PRL as her expertise will reinforce our dedication to providing alternative risk management options to our domestic and multinational clients.” Welch adds: “I am excited to be part of the PRL team and look forward to supporting my fellow colleagues, and further building the ART practice throughout Canada, offering our clients new and innovative solutions to their complex risks.”
