Chief risk officer arrives at Groupama

Groupama has appointed José Morago as its chief risk officer.

Morago will report directly to Groupama chief executive François-Xavier Boisseau.

Morago has joined Groupama from consultant McKinsey & Company where he specialised in insurance, risk management and Solvency II.

Prior to this, he spent three years at Moody’s Investor Service as analyst for the European insurance industry. Morago has also played key risk-related roles at Liberty Mutual Group in Boston, USA, and at Banco Santander in Madrid, Spain.

The insurer said Morago will have responsibility for its risk management, internal audit and underwriting technical review departments. It continued: "He will play a leading role in implementing Solvency II within the business and in ensuring that risk management continues to be embedded into the organisation in accordance with industry best practice and the requirements of the FSA. José will be working with Groupama’s risk committee and general management teams."

Boisseau said: “José brings substantial experience and proven skills to ensure our risk management and auditing activities remain of the highest quality. We are delighted to welcome him to the business.”