DARAG hires Andrew Pryde as group CRO from Beazley

DARAG Group, which specialises in insurance runoff, has appointed Beazley’s Andrew Pryde to the new role of group chief risk officer (CRO).

Pryde was previous CRO at Beazley for more than ten years and will now report to DARAG CEO Tom Booth.

DARAG said he brings valuable experience of implementing leading-edge and valued risk management, capital modelling and exposure management frameworks, as well as undertaking transactional own-risk solvency assessments.

Booth said: “We are delighted to bring Andrew onboard to further strengthen our risk management capabilities throughout DARAG Group. He has vital global experience in enterprise risk management, capital modelling and exposure management, coupled with excellent commercial awareness, as well as holding strong relationships with regulators. He adds strength in depth to our senior team as we continue to focus on operational efficiency and offering the best possible legacy solutions to our clients.”

Pryde added: “I am thrilled to be joining the executive management team at DARAG. I have been particularly impressed by the skill and expertise of everyone I have met.”