$32 billion home and auto insurer Allstate has hired Peruvemba Satish as managing director and chief risk officer. He will report to Judy Greffin, senior vice president and chief investment officer.

With nearly a decade of risk-management experience in the hedge fund industry, Satish joins Allstate most recently from Jamison Capital Partners, a New York-based hedge fund firm, where he served as chief risk officer. From 2004 to 2009, Satish was chief risk officer and a member of the investment committee at hedge fund firm DKR Capital Partners. Prior to that, he was director of risk management at Soros Fund Management from 2001 to 2004.