Fidelis Insurance announced that Hinal Patel has been appointed to succeed Neil McConachie as Group CFO effective June 30th, 2017, subject to regulatory and immigration approval.
Neil McConachie resigned for personal reasons earlier this year and after a comprehensive search Patel, currently Fidelis’ Group Chief Actuary, emerged as the strongest candidate.
Richard Brindle, Group Chief Executive Officer, commented “Hinal brings a deep understanding of Fidelis’ business, reserving and capital management which aligns with the strategic role of the CFO. Most importantly he understands underwriting, which is vital as we continue to pursue growth opportunities. The Board and I fully support his promotion into this role.”
McConachie further noted “Hinal has clearly demonstrated his capabilities since joining Fidelis as Group Chief Actuary. I look forward to working closely with him over the coming months, and will remain on in a consulting capacity until December 2017, to ensure a smooth transition.”