Bermuda-registered reinsurer Fidelis Insurance Holdings Limited has promoted Shane O’Donovan to group chief actuary.
In his new role, O’Donovan will continue to report to group managing director Jonny Strickle, who will continue to oversee the group’s actuarial functions.
Additionally, he will now oversee the global actuarial capabilities, responsible for optimizing the allocation and deployment of capital across underwriting partners and opportunities to support long-term strategic objectives.
Currently, O’Donovan serves as Head of the Actuarial Function in Ireland, where he is responsible for leading Fidelis Insurance Group’s actuarial strategy and strengthening the enterprise-wide risk framework.
He has over 15 years of actuarial experience and has held his current position since 2020. He is based in Dublin.
Strickle said of the appointment: “I am delighted to announce Shane’s well-deserved promotion to Group Chief Actuary. This promotion recognizes the significant contribution Shane has made over the past five years, not only within the actuarial function but also across the wider business.
“He played a key role in advancing our strategic objectives and was instrumental in enhancing our actuarial capabilities.”