Shipperlee Rejoins S&P as European MD for Risk Solutions

Stuart Shipperlee is rejoining Standard & Poor’s as its new European managing director for the Risk Solutions division, based in London. Shipperlee, who will report to Gary Kearns, global leader for Credit Risk Services, was previously managing director of European operations for U.S. insurance ratings agency AM Best, and before that spent 10 years at Standard & Poor’s. Says Shiperlee, “It’s not simply a case of Basel II compliance for banks via internal ratings systems, it’s about a fundamental re-focus on shareholder value across a wide variety of financial institutions. The demand for accurate risk measurement and adjustment is causing insurers, mortgage lenders, and large corporates, in addition to banks, to look at their credit risks on a portfolio-wide level, rather than simply exposure-by-exposure.”