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The Actuary The magazine of the Institute & Faculty of Actuaries

Ageas risk chief to lead CEA economics and finance team

He takes up his position on 1 November.

Mr Jones (pictured) will have responsibility for prudential regulatory issues, accounting and investment, as well as international affairs and reinsurance.

"With his significant technical knowledge, business acumen and political awareness, Olav will be an immense asset to the CEA," said CEA director general Michaela Koller.

"I am delighted to have someone of his calibre joining the CEA at this crucial time in our work on the details of Solvency II and so many other key issues for Europe's insurers."

Mr Jones said: "I look forward to working with CEA president Sergio Balbinot, Michaela Koller and the CEA team to ensure that changes to insurance regulation and supervision at EU and global level are measured and appropriate for the industry."

Jones is currently head of group risk strategy at Belgian insurer Ageas, the company created following the break-up of the Fortis banking and insurance group. From 2008-09 he was chief risk officer of Fortis Insurance, having previously been head of insurance risk and strategic risk at Fortis Group since 2002.

He started his career with management consultant Oliver Wyman after gaining a first class honours degree in engineering science from the University of Exeter and an MPhil degree in finance from Queens' College, Cambridge, both in the UK. He then worked for UK insurer Prudential in a variety of roles for six years before joining Fortis.

Jones, who has joint British and Norwegian nationality, replaces Alberto Corinti, who left the CEA earlier this year to take up a consultancy position.