Allianz Group has announced the appointment of Catharina Richter as Global Head of its Cyber Center of Competence (CoC), effective June 1st.
Established in 2018, the Allianz Cyber CoC is embedded into Allianz Global Corporate & Specialty (AGCS) and focuses on coordination and alignment of cyber exposures and insurance in the commercial insurance segment.
Richter joins from Allianz SE, where she is currently Head of Digital Regulation, responsible for developing regulatory strategy for digitalisation and for shaping the regulatory and supervisory debate.
She is trained as a lawyer and joined Mondial Assistance (now Allianz Partners) in 2000 as General Counsel, since holding roles as Head of Distribution & Solutions Legal Europe for Allianz Global Investors and Head of Regulatory Management for Allianz SE.
AGCS Chief Underwriting Officer Corporate Thomas Sepp commented: ‘’Cyber is the top global business risk in the Allianz Risk Barometer 2020 and a significant opportunity for insurance, but at the same time it also requires central governance, steering and control to realize sustainable growth.”
“I am delighted that someone of Catharina’s background and ability will now take the Cyber Center of Competence to the next stage,” he added.
The existing AGCS standalone cyber insurance offering remains within the Financial Lines business line with overall responsibility of Shanil Williams, Global Head of Financial Lines, supported by Marek Stanislawski as Cyber Underwriting Manager.