Pensions - Articles - Pension Insurance Corporation strengthens risk team

 Pension Insurance Corporation has announced that Elliot Varnell and William Coatesworth will join its Risk team as Head of Enterprise Risk Management and Head of Risk respectively. Both will report to Chris Chappell, PIC’s Chief Risk Officer.

 Elliot is a leading expert on Enterprise Risk Management and is the Chairman of the UK Actuarial Profession’s Risk Management Research Committee, which provides thought leadership on risk management issues. Elliot is the author of a number of papers and has spoken at industry events on topics ranging from how insurers consider risks in stock lending and collateral swaps, to linking statistical and heuristic decision-making to pass the Solvency II use test.

 William is a leading expert and commentator on Solvency II across Europe. He is the author of a number of papers and articles concerning Solvency II, including the impact of Solvency II on infrastructure investment, and has spoken at a number of industry events across Europe and Asia on the subject. William also sits on the Solvency II Pillar V working group of the Actuarial Association of Europe, tasked with providing actuarial comment and challenge on the risk management and reporting elements of Solvency II on behalf of the various European actuarial associations.

 Chris Chappell, Chief Risk Officer at Pension Insurance Corporation, said: “I am delighted that Elliot and William are joining the Risk team. They bring significant expertise and experience to PIC as we prepare for Solvency II. They will also play a key role in ensuring that PIC continues to place risk management at the heart of key business decisions.”