Reinsurance News

Liberty Mutual Insurance appoints Patrick Thielen as Global Head of Cyber

22nd May 2023 - Author: Jack Willard

Liberty Mutual Insurance Global Risk Solutions (GRS) has appointed Patrick Thielen as Global Head of Cyber.

liberty-mutual-insurance-logoIn the role, he will lead the development and execution of a cyber strategy that helps brokers and buyers across the globe better manage cyber exposure.

At the same time, he will report to GRS Insurance Solutions President Elizabeth Geary, who leads an operation that builds and delivers solutions for complex emerging global risks, like cyber.

Before he joined Liberty Mutual, Thielen served as Senior Vice President, Tech E&O, and cyber insurance product lead at Chubb. He also previously held various strategic and technical positions at Travelers.

“Patrick’s strong cyber leadership and expertise make him the ideal candidate for this critical role. 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,” commented Geary.

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Moreover, 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.

In this role, he will be responsible for leading execution of GRS’ global cyber strategy across LSM, building a single view of cyber for that operation, as well as also 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.

Prior to taking on 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.

“Jelmer has more than two decades of experience in the insurance market, underwriting across multiple lines of business, and is an exceptional cyber specialist. That experience enables him to optimize profitability across our cyber portfolio,” added Conran.

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