Price Forbes Re, an independent specialist risk strategy and reinsurance broker, has appointed Sanjay Shah as Actuarial Vice President (VP), Business Development.
He will be based in London and report to Isaac Sanday, the company’s global head of life, pensions and annuities (LPA).
Shah will play a central role in expanding Price Forbes Re’s LPA business and continue the team development initiated when Sanday was appointed earlier this year.
As a qualified actuary, he will focus on designing the company’s LPA reinsurance strategy, advising on strategic direction and optimal reinsurance structures, and supporting trade execution and post-trade management.
Shah has over 15 years of post-qualification experience in commercial roles with leading reinsurers. Most recently, he served as Pricing Manager at Resolution Life and previously worked at SCOR, Swiss Re and Prudential, where he gained expertise in pricing, trade execution, trade surveillance and post-trade reporting.
In addition to his industry roles, Shah serves as a non-executive director on the boards of two technology companies and has served as an independent advisor to a number of start-ups over the past six years.
Sanday said: “At Price Forbes Re, our goal is to demonstrate the incredible value that structured reinsurance solutions can deliver to our clients, so we are focused on recruiting highly qualified and trusted team members like Sanjay. His wealth of experience and understanding of the market will be critical as we build a high-performing team, and his appointment underlines our commitment to investing in this space and delivering the best experience and results for our clients.”
Shah commented: “Given the entrepreneurial and forward-thinking environment at Price Forbes Re, joining Isaac on his mission to grow LPA at Price Forbes Re was a very attractive prospect. The company has a strong track record of success and the opportunity to be involved and work with and learn from people like Isaac made the decision to join a simple company a reality.”
Tim Barber, chief executive of Price Forbes Re London, added: “Sanjay’s arrival is a continuation of Price Forbes Re’s blueprint: combining dedicated actuarial product expertise with bespoke consultancy to deliver structured reinsurance solutions to deliver the best customer value. We will continue to invest in upgraded models and broaden our product range to best serve current and potential customers, where this suite of expertise is most impactful.”
