Bermudian-based Somerset Reinsurance Ltd has appointed Riley LaTour as chief risk officer, responsible for the firm’s risk management strategies and operations.

Mr LaTour was most recently head of Risk Analytics for Somerset Re, leading quantitative risk assessments and supporting the CRO in managing and executing the risk management strategy.

Before joining Somerset Re, he was a member of the risk management teams at Kemper Corporation and Securian Financial Group, contributing to the development, implementation and maintenance of effective risk management frameworks.

Stephen Robb, chief financial officer of Somerset Re, said: “Since joining Somerset, Riley has been a critical and thoughtful part of our strong risk culture. We look forward to continued growth of the risk function under his leadership.”

Mr LaTour said: “Somerset Re has a robust risk management framework and a history of enhancing capabilities in advance of business requirements. I am excited to continue this legacy and to contribute further to the progression of the enterprise as Somerset Re’s chief risk officer.”