XL boosts data expertise
XL’s global insurance operation has appointed Tim Pitt to the newly created role of head of data, analytics and pricing to help drive XL’s data, analytics and pricing strategies and best practices.
Based in London, Pitt reports to Susan Cross, XL’s global chief actuary.
In his new role, Pitt will work closely with XL’s insurance business leaders, especially Chris Dougherty, XL Insurance’s head of underwriting and Ceded Re as well as Kimberly Holmes, head of strategic analytics. Other new responsibilities include oversight of XL Group’s data model, data quality, and pricing across its global insurance segment.
Cross said: “We continue to sharpen our focus on our data strategies across the organization and look to provide even more meaningful context to the business decisions we make. Tim will guide our data and analytics efforts forward with careful coordination across our global Insurance operations.”
Greg Hendrick, chief executive of XL’s global insurance operations, added: “The information and data available to us is growing exponentially every day. Harnessing the right data and making it available to our businesses to make informed underwriting, pricing and operational decisions will help us adapt quickly to market challenges and deliver the products that our clients need. Tim’s strong background as an Actuary and his Finance team experience enables him to provide valuable insights and guidance in this space.”
