United Insurance reveals new president and chief risk officer

United Insurance Holdings (UPC Insurance), a property and casualty insurance holding company, has appointed Bradford Martz to serve as the company’s president, in addition to his role as chief financial officer.

Additionally, Chris Dittman has been appointed to the newly-created position of chief risk officer (CRO) to oversee the company’s reinsurance programme. Dittman will be responsible for risk management, capital management and portfolio optimisation strategies to manage the company’s exposures and enhance its underwriting profit. He will be based out of the Company’s Minneapolis, Minnesota office.

Martz will continue to report to the chief executive officer Daniel Peed. In his expanded role, Martz will oversee the company’s daily operations, in addition to the financial operations. Members of the company’s executive team will report directly to him. Martz has served as the company’s CFO since joining in 2012.

Dittman joined the company in 2017 as the managing director of reinsurance. Prior to that, he served as a partner with TigerRisk Partners.

Peed said: “Brad has a tremendous wealth of industry experience and understands the Company’s business and operations. In his expanded role Brad will manage the Company’s operations, which will allow me to focus on pursuing the Company’s strategic vision and strengthening underwriting profitability.”

Martz added: “Chris has successfully managed our critical reinsurance program and I am confident Chris will continue to lead our overall risk portfolio going forward.”