West P&I appoints Katy Shearer as Chief Risk Officer to strengthen risk management

West P&I, an insurance provider for the global maritime and offshore industries, has announced the appointment of Katy Shearer as Chief Risk Officer, adding her role to the Management Board of Directors.

This decision highlights Shearer’s significant contributions to the business and underscores the company’s focus on the increasingly complex risk landscape, ensuring risk management is central to all Board-level decisions.

Tom Bowsher, Group CEO of West, expressed enthusiasm for Shearer’s promotion, stating, “The Club wishes Katy all the very best in her new position. The elevation of this role to a Management Board position recognises the influence Katy has had in driving the Club’s strategy forward in a number of key areas. It also demonstrates our commitment in placing risk management at the centre of our decision-making as we continue to build on our recent successes and strengthen the capital position of West.”

Shearer joined West in 2016 as Chief Actuary and will continue in this role. In 2022, she also took over managing West’s risk function.

Prior to that, Shearer served as an Actuarial Manager in KPMG’s consultancy division for six years, working primarily with London Market insurers. She began her career in 2007 as an Analyst at Barclaycard.

Sharing her excitement, Shearer commented, “It is a privilege to take this next step in my career at West, a Club whose purpose, culture and approach to change make it an exciting place to work.

“I look forward to continuing to develop the Club’s risk management practices, helping to ensure that the delivery of the Club’s strategy is undertaken in a manner to optimise its long-term stability and success.”

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