Allied World Assurance has named Barry Zurbuchen as company's new chief risk officer, who was previously senior vice president for modeling and corporate pricing of the company.

In his role as senior vice president for modeling and corporate pricing, Zurbuchen is responsible for the company’s reinsurance, insurance and enterprise risk modeling activities and is a central resource for all pricing models.

In his new role, Zurbuchen will continue to oversee the Economic Capital Model and the catastrophe modeling throughout Allied World.

In addition, he will oversee Enterprise Risk Management for Allied World globally, including assuring compliance with regulators and the Solvency II directive, said the company.