Itasca, Illinois-based Euclid Mortgage has recruited Ken Bjurstrom as chief risk officer.
Bjurstrom previously served as principal of the Milliman Mortgage Credit Risk Practice which he founded more than 25 years ago. His expertise spans a wide range of critical areas, including mortgage underwriting, credit risk transfer, portfolio valuations, capital management, pricing, loan loss reserving, risk management, and underlying housing policy.
Joe Monaghan, Euclid Mortgage’s CEO, welcomed Bjurstrom by declaring, “We are thrilled to have Ken as a principal and chief risk officer. His experience and credentials are unmatched and will elevate our ability to serve cedents and carrier partners to the highest level.”
Commenting on joining Euclid Mortgage, Bjurstrom highlighted: “I am thrilled to join Euclid Mortgage and lead the development of a next-generation, AI-driven mortgage risk analytics platform. With our team’s extensive experience navigating multiple mortgage cycles, I am confident that our deep industry expertise, combined with advanced machine learning and data analytics, will not only deliver innovative, predictive solutions for cedents but also drive sustained profitability for our carrier partners in this rapidly evolving digital landscape.”
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