Bondaval appoints Centrica’s Paul Collier Group VP Risk Underwriting

Bondaval, a provider of technology-enabled credit insurance solutions, has announced the appointment of Paul Collier as Group Vice President of Risk Underwriting.

In his new role, Collier will lead all risk underwriting activity and assist in setting underwriting and pricing strategies aiming to minimise potential losses and enhance the company’s profitability, alongside establishing supplementary frameworks to streamline and advance internal underwriting processes.

He will also work closely with the data science and technology teams to further develop Bondaval’s approach to risk scoring and portfolio modelling, as well as collaborating on additional means of leveraging data analytics and artificial intelligence within the underwriting process.

Joining Bondaval from Centrica PLC, Collier brings over two decades of diverse experience spanning the credit insurance, energy and corporate finance sectors to his new role.

The executive spent 15 years at Centrica PLC, an international energy and services provider, where he embedded in-depth credit risk decisioning processes across business units.

He was also tasked with producing comprehensive analytical insights on the credit worthiness of high value, high risk and complex counterparties across Centrica’s portfolios, as well as holding responsibility for leading risk strategies to respond to different volatility events within the market.

In a prior role, the executive Collier has managed project-specific insurance budgets and all associated credit risk policies.

This role also involved the use and exploration of a variety of credit risk mitigation techniques.

Before that, Collier was a senior underwriter at Atradius, managing sector-specific portfolios in a challenging environment with exacting zero-loss ratio targets.

Commenting on his appointment Collier said: “Joining Bondaval represents an exciting opportunity to be part of an innovative fintech startup that is already capturing widespread attention in the market.

“The vision of combining cutting-edge insurance products with a technology platform aligns perfectly with my credit risk experience. I look forward to working with the impressive team that is in situ and forging strong relationships with the broker community, and insurance and reinsurance partners.”

Ewa Rose, Group CUO, Bondaval, commented: “Paul’s joint underwriting and credit risk management experience makes him the ideal person to step into this role and evolve our internal risk underwriting processes even further.

“We’re delighted to have him join us and are excited for him to contribute to the continued growth of the business.”

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