Bermudian-based International General Insurance Holdings Ltd has appointed Stav Tsielepis as chief risk officer of the IGI group.

Based in the company’s London office, Mr Tsielepis will work with the executive team with responsibility for administering IGI’s risk management framework including the exposure management and capital modelling functions across the group.

He will report to Andreas Loucaides, chief executive officer of IGI UK.

Mr Tsielepis, who has 18 years’ industry experience, joins from Arch Capital Group’s London-based subsidiary Arch Insurance International, where he was chief risk officer with responsibility for projects such as implementing Brexit plans and working closely with regulators, including the Central Bank of Ireland, IGI said.

During his tenure, he was a board member of Arch Underwriting at Lloyd’s Australia. Prior to his time at Arch, Mr Tsielepis was an actuarial consultant for Towers Watson Ltd.

"With nearly two decades of experience, Stav joins us in a key senior management role at IGI, bringing a hands-on approach to international risk management and will help us continue to expand and execute our strategic objectives,” said Mr Loucaides.

Mr Tsielepis said: “I am excited to be joining IGI. I look forward to working with IGI’s executive team to ensure that we stay on top of the ever-evolving and diverse global risk landscape.”

IGI is registered in Bermuda, with operations in London, Malta, Dubai, Amman, Labuan and Casablanca, as well as on the island.