Global programme manager Accredited Insurance Holdings has appointed Neil McConachie as chief risk and capital officer.

He takes up the position on October 14, and will be based in Accredited’s London office, where he will report to William Spiegel, CEO of Accredited.

A highly experienced insurance executive, his previous roles include group CFO of Fidelis Insurance and group president of Lancashire, where he also held the CFO and CRO roles.

Mr McConachie has been a member of the founding management teams of Fidelis, Lancashire and Montpelier Re.

The company said his appointment continues the strengthening of Accredited’s global executive team, and follows the appointment of Stuart McMurdo, who will join Accredited on October 1 as president of Accredited UK & Europe.

Mr Spiegel said: “I have had the pleasure of working with Neil at Montpelier Re, Lancashire and Fidelis.

“His track record as a leader in growing insurance companies means he will bring valuable experience to Accredited as we continue our strategy to be the independent global programme partner of choice.

“Neil has spent much of his career in underwriting-first businesses, and his expertise is a strong fit for Accredited given our focus on rigorous underwriting standards and risk management.”

Mr McConachie said: “I’m proud to be joining the best programme manager in the market and once again working with William, who I’ve known for over 20 years. I’m excited to help bring enhanced sophistication to risk management and capital optimisation across the Accredited group.

“I have been impressed by Accredited’s success in building a well-diversified insurance portfolio, and its partner MGAs’ strong performance has attracted a blue-chip reinsurance panel.

“I believe Accredited is well positioned for success with an experienced management team, strong operational platform, robust capital base, supportive long-term ownership, and the ability to work with partners across the US, UK and Europe. I’m looking forward to getting started.”