Age: 35
Since joining Asta in 2011, Richard Barke has played a key role in developing the Solvency II processes for both the actuarial team and the wider business. To date, Barke has successfully implemented approved capital models for 12 syndicates and three SPAs, balancing an efficient and consistent general approach with the need to recognise and incorporate individualities of each syndicate under Asta’s management.
The key to Barke’s success is in balancing technical and mathematical expertise with effective personal judgement. He has proven his ability to make considered judgements and successfully communicate these to the wider management team, and has been key to cementing Asta’s position as the leading third-party managing agency in Lloyd’s.
Barke started his insurance career as a graduate actuary at KPMG in 2003 before moving to Aspen Re as a reserving actuary in 2007. He joined Asta in 2011 and was promoted to deputy chief actuary in 2013 and chief actuary in 2015. Barke’s current responsibilities include the full range of traditional actuarial activities such as pricing, reserving and capital modelling. He has built a team of 16 actuaries, student actuaries and technical specialists and was responsible for more than 125 major deliverables across the client base last year.
