Seth Patel has been appointed chief executive of Alan Gray LLC, the wholly owned subsidiary of Bermudian-based run-off specialist Premia Holdings Ltd.

Alan Gray is an adviser to insurers, reinsurers and risk managers.

Bill O’Farrell, the chairman of Alan Gray LLC, said: “Seth is a seasoned insurance leader with an ideal mix of industry and consulting experience to lead Alan Gray into its next phase of growth.

“I am confident that Seth and our talented Alan Gray team will continue to seize market opportunities and build on its outstanding track record of service to its clients.”

The company said Mr Patel has more than 20 years of broad industry experience focused on leadership, strategy and analytics, including underwriting, claims and reinsurance analytics, capital modelling, ERM and capital markets/ILS, while working for leading insurers, reinsurers and consulting firms.

He is a licensed insurance broker and claims adjuster in New York.