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Groupama appoints new chief actuary

Laurent Matras

Groupama has appointed Niraj Shah as chief actuary. He takes over from Steven Blake who will be leaving the company at the end of June to take up a senior management appointment at RSA.

Mr Shah joined Groupama in 2006 and brings to the role over 14 years experience in banking and financial services including six years in actuarial. According to the insurer, he moves into his new position having played a leading role in the company's capital modelling exercise in preparation for Solvency II. Prior to this he was responsible for the actuarial pricing and reserving of a number of Groupama's business lines.

Mr Shah will take up his new position in July and report directly to

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