Bermudian-based Aspen Insurance Holdings Limited has appointed Andrew Dyer as chief risk officer, Aspen UK.

Subject to regulatory approval, Mr Dyer will be based in London and will join Aspen in November.

The company said he joins from the Prudential Regulation Authority, where he was most recently head of division, London Markets, with responsibility for Lloyd’s (Society and Managing Agents) and wholesale company markets. He has two decades of experience in risk management, governance and oversight for insurance.

Mr Dyer will report to Richard Milner, CEO, Aspen UK, with a matrix line into Jenny Kane, group chief risk officer. He will be a member of Aspen UK’s executive committee.

In his role, the company said, Mr Dyer will ensure Aspen UK continues to be structured around a robust risk framework, with strong governance and that appropriate supervision and risk controls are in place within the business.

Mr Milner said: “Andrew’s appointment demonstrates the importance we place in maintaining strong risk management and governance arrangements, and our commitment to continuing to build strong and open relationships with our regulators.

“Andrew’s deep understanding of the regulatory environment and impressive network within the insurance industry will be invaluable as we continue to build Aspen’s strong reputation in the market.”

Ms Kane said: “Our Lloyd’s Syndicate and UK business are a key part of Aspen’s vision to become a top-quartile re/insurer and deliver value to stakeholders and investors, so I’m delighted that we were able to attract such a high-profile and talented chief risk officer. I look forward to working with Andrew.”