Canadian broker Purves Redmond Limited (PRL) has appointed Lauren Welch as alternative risk transfer practice leader.
PRL is an employee-owned insurance brokerage firm, founded in Toronto in 1959. It has offices in Vancouver, Calgary, Montreal and Sudbury, and works with Canadian businesses and families.
Welch has more than fifteen years of captive and multinational experience, working both in Canada and Bermuda, most recently as the global fronting & multinational regional leader – Western Canada for AIG.
“I am very excited to be part of the PRL team,” Welch said. “I am looking forward to supporting my fellow colleagues and further building the ART practice throughout Canada, offering our clients new and innovative solutions to their complex risks.”
The company’s services include insurance brokerage, risk management advisory and employee benefits consulting.
Mark Johnstone, national risk management leader, said: “We are thrilled to have Lauren joining PRL as her expertise will reinforce our dedication to providing alternative risk management options to our domestic and multinational clients.
“Lauren will help support and develop Captive Insurance opportunities for our clients and her ability navigating the complexities of fronting insurance to optimize the cost of compliance will certainly add value to our clients.”