Cybersecurity · VIDEO
Resilience and HDI Global US strengthen underwriting leadership: new strategic appointments
Resilience and HDI Global US have announced key appointments in underwriting leadership, focused on insurance strategy and distribution. Chris Pitcher will lead the underwriting strategy in North America for Resilience, while Alex Carleton will oversee distribution in the USA. HDI Global US has appointed Maria Duhart as CUO for specialty lines and Dan Feige for short-tail lines.
KEY TAKEAWAYS
- Chris Pitcher to Resilience: underwriting strategy for USA and Canada
- Alex Carleton will manage distribution and broker relationships for Resilience
- Maria Duhart at HDI Global US: underwriting leadership for specialized lines
- Dan Feige promoted CUO for short-tail lines at HDI Global US
- Appointments aimed at strengthening presence in the cyber and insurance market
Transcript
"Resilience, a San Francisco-based cyber insurance specialist, has announced two key promotions to bolster its North American presence. Chris Pitcher, with a decade of insurance experience, is now head of underwriting strategy and operations for North America. He'll focus on integrating product, operations, and underwriting teams. Alex Carleton, a veteran in commercial underwriting, takes on the role of distribution leader in the United States, managing relationships with brokers.
Meanwhile, HDI Global U.S. has strengthened its underwriting team with two new chief underwriting officers. Maria Duhart, formerly of AXA XL, will oversee specialized lines like architecture, engineering, and political risk. Dan Feige, promoted from within, will manage short-tail lines including property, energy, and marine transportation.
These moves come as the cyber insurance market sees a surge in demand following a wave of ransomware attacks in 2023. The average cost of a cyber insurance policy increased by 30% last year. Resilience's new appointments are particularly relevant for companies seeking tailored cyber risk policies.
In Europe, new regulations like the NIS2 directive and DORA regulation are redefining digital security standards, making specialized insurance expertise crucial for companies operating in or with ties to the continent.
In Italy, the cyber insurance market is also transforming, with a 25% increase in cyber risk policies in the first half of 2024."
