Seth Patel joins insurance sector consultancy Alan Gray as CEO

Seth Patel has joined Alan Gray, a Boston-headquartered insurance sector consulting firm, as chief executive officer, effective July 1, 2023.

Patel succeeds Mike Ceppi, who will transition to a senior advisor role. Ceppi has been at the firm since 1990 and has served as CEO since 1996.

“I want to personally thank Mike Ceppi for his service and leadership at the helm of Alan Gray,” said chairman Bill O’Farrell. “He guided the organization with a steady hand and was instrumental in building Alan Gray into a highly respected, trusted partner for its clients. We look forward to continuing to work with Mike in the years ahead.”

Patel brings more than 20 years of industry and consulting experience in insurance and reinsurance. He has deep expertise in strategy, underwriting, claims and reinsurance analytics, capital modeling, risk management, and capital markets.

Patel was previously a partner and senior insurance executive at Capgemini Invent, where he led performance and profitability improvement engagements. Before that, he was head of insurance management consulting at Verisk and part of the global insurance leadership team within Accenture’s strategy business.

Patel was also previously global head of AIG’s reinsurance analytics and capital markets practice, and risk and capital advisory leader within EY US’ financial services practice.

Earlier in his career, he was VP of alternative capital and insurance linked securitization strategies at Swiss Re and director of enterprise risk management and capital modeling at Hannover Re.

Patel has master’s degrees in finance, applied mathematics, and pure mathematics from the University of Illinois Urbana-Champaign, as well as a bachelor’s degree in bioengineering from the same institution.

“Seth is a seasoned insurance leader with an ideal mix of industry and consulting experience to lead Alan Gray into its next phase of growth. I am confident that Seth and our talented Alan Gray team will continue to seize market opportunities and build on its outstanding track record of service to its clients,” O’Farrell said.

Alan Gray was founded in 1988 and provides services in risk management, audit, data analytics, claims management, and legal bill review to insurers, reinsurers, brokers, law firms, and Fortune 500s.

The firm has 77 employees listed on LinkedIn and has offices in Boston and Philadelphia.