United Insurance Holdings Corp. (UPC Insurance), a property and casualty insurance holding company, has revealed that its Board of Directors has appointed the firm’s Chief Financial Officer (CFO), B. Bradford Martz, to also serve as its President.
In this expanded role, Martz will continue to report to UPC Insurance’s Chief Executive Officer (CEO), R. Daniel Peed. He will be tasked with overseeing the firm’s daily operations, and members of the firm’s executive team will report directly to Martz.
He has served as the CFO of UPC Insurance since he joined the firm in 2012, and will continue to oversee the company’s financial operations alongside his new responsibilities.
Peed commented: “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.”
Additionally, UPC Insurance has named Chris Dittman as Chief Risk Officer (CRO), a newly created leadership role. As well as overseeing the firm’s reinsurance program, Dittman will also be responsible for risk management, capital management, and portfolio optimisation strategies to manage the firm’s exposures and improve its underwriting profitability.
“Chris has successfully managed our critical reinsurance program and I am confident Chris will continue to lead our overall risk portfolio going forward,” said Martz.
Dittman joined the company in 2017 as its Managing Director of Reinsurance. Prior to this, he served as a Partner at TigerRisk Partners from 2010 to 2017, having joined the firm in 2008 as a reinsurance broker.
