Barnett Waddingham (BW) expands its general insurance consultancy with the appointment of a new Head of Capital and Risk.
Julien Masselot joins Barnett Waddingham as a Principal and will be supporting a range of general insurance companies across a variety of areas, including capital modelling, internal model validation, risk management, model use, Solvency II and process transformation projects.
"I look forward to working with the very talented General Insurance team. Together we ensure our clients’ individual needs are met in an ever-evolving market."
Julien brings over 15 years of experience in insurance, having started his career in consultancy and then heading the Capital Management Team for over ten years for a large multinational insurer, being one of the first UK General Insurance companies to get approval from the PRA & Lloyd's for their Internal Capital Model. He managed multiple major model change applications and supported numerous cycles of validations, engaging with regulators and senior management to promote and embed the use of Internal Capital Models (ICM) for risk management and decision making.
Julien Masselot, Principal and Head of Capital & Risk at BW, said: “I am thrilled to join BW and I look forward to working with the very talented General Insurance team. Together we ensure our clients’ individual needs are met in an ever-evolving market.
“As most capital models are now established, significant improvements are being made to leverage the latest technology and responsiveness from these models. These investments resulted in an increased buy-in from senior management and integration in business decisions such as setting risk appetites, portfolio management, which in turn must be balanced with the regulatory demands to provide assurance around the credibility of the results.”
Cherry Chan, Partner and Head of General Insurance at BW, said: “I am very excited to have Julien joining BW General Insurance team as our Head of Capital & Risk after working in the industry as a senior GI practitioner for more than 15 years. Julien will continue to build on our existing capital modelling and risk expertise and expand our rapidly growing client base in the general insurance industry.”