Liberty Mutual appoints Patrick Thielen as Global Head of Cyber
Liberty Specialty Markets Also Names New Head of Cyber Underwriting; Moves Underscore Commitment to Helping Companies Better Understand, Mitigate and Manage Cyber Risks
Liberty Mutual Insurance Global Risk Solutions (GRS) today announced the appointment of Patrick Thielen as global head of Cyber. In this new role, he leads the development and execution of a cyber strategy that helps brokers and buyers across the globe better manage cyber exposure.
Thielen reports to GRS Insurance Solutions President Elizabeth Geary, who leads an operation that builds and delivers solutions for complex emerging global risks, like cyber.
“Patrick’s strong cyber leadership and expertise make him the ideal candidate for this critical role,” said Geary. “He is responsible for maximizing the value we add to brokers and buyers through a clear risk appetite, consistent global approach and dedicated cyber advisory, underwriting and claims teams.”
Prior to joining Liberty Mutual, Thielen was senior vice president, Tech E&O, and cyber insurance product lead at Chubb. He previously held various strategic and technical positions at Travelers.
GRS also announced the promotion of Jelmer Andela to the newly created role of Head of Cyber Underwriting for Liberty Specialty Markets (LSM), its London-based specialty insurer. He is responsible for leading execution of GRS’ global cyber strategy across LSM, building a single view of cyber for that operation, and being a trusted advisor to its regional Chief Underwriting Officers, who remain responsible for managing cyber profit and loss in their regions.
He will report to both Thielen and LSM Chief Underwriting Officer Rachel Conran.
“Jelmer has more than two decades of experience in the insurance market, underwriting across multiple lines of business, and is an exceptional cyber specialist,” said Conran. “That experience enables him to optimize profitability across our cyber portfolio.”
Prior to his new role, Andela was portfolio manager and cyber underwriting manager for Europe & Middle East for LSM, and has been at the company since 2017.
The appointment of Thielen and Andela are the latest developments in GRS building an industry-leading cyber team. In February, the commercial insurer announced the formation of its of Global Cyber Office and appointment of key leaders, including Dan Frusciano as North America head of cyber underwriting, Matthew Hogg as global cyber product leader, and Ivonne Staisch as Liberty Mutual Reinsurance head of cyber underwriting.
Authored by Liberty Mutual
Liberty Specialty Markets offers specialty and commercial insurance and reinsurance products across key UK, European, Middle East, US and other international locations.
We provide brokers and insureds with a broad range of products through both the Company and Lloyd’s markets and have over 1,700 staff in approximately 65 offices. Liberty Specialty Markets was established in September 2013 bringing together Liberty’s company, syndicate and reinsurance operations into one combined operation, composed of three business units: Commercial, Specialty, and Reinsurance (Liberty Mutual Re). This integrated approach means brokers and clients can benefit from our global reach and operating efficiencies.
Liberty Specialty Markets is part of global insurer, Liberty Mutual Insurance Group, a diversified global insurer, formed in 1912 and headquartered in Boston, Massachusetts. Liberty Mutual is the 5th largest global insurer based on 2017 gross written premium, with over 50,000 employees in 30 countries and economies around the world. Our purpose is to help people embrace today and confidently pursue tomorrow. The promise we make to our customers throughout the world is to provide protection for the unexpected, delivered with care. We achieve this by offering a full range of personal, commercial, and specialty Property & Casualty insurance coverages. Our customers’ trust has earned us the 68th spot on the Fortune 100 list of largest corporations in the U.S., based on 2017 revenue.