Liberty Specialty Markets Also Names New Head of Cyber Underwriting; Moves Underscore Commitment to Helping Companies Better Understand, Mitigate and Manage Cyber Risks
BOSTON (May 22, 2023) – Liberty Mutual Insurance Global Risk Solutions (GRS) today announced the appointment of Patrick Thielen as global head of Cyber. In this new role, he leads the development and execution of a cyber strategy that helps brokers and buyers across the globe better manage cyber exposure.
Thielen reports to GRS Insurance Solutions President Elizabeth Geary, who leads an operation that builds and delivers solutions for complex emerging global risks, like cyber.
“Patrick’s strong cyber leadership and expertise make him the ideal candidate for this critical role,” said Geary. “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.”
Prior to joining Liberty Mutual, Thielen was senior vice president, Tech E&O, and cyber insurance product lead at Chubb. He previously held various strategic and technical positions at Travelers.
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. He is responsible for leading execution of GRS’ global cyber strategy across LSM, building a single view of cyber for that operation, and 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.
“Jelmer has more than two decades of experience in the insurance market, underwriting across multiple lines of business, and is an exceptional cyber specialist,” said Conran. “That experience enables him to optimize profitability across our cyber portfolio.”
Prior to 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.
The appointment of Thielen and Andela are the latest developments in GRS building an industry-leading cyber team. In February, the commercial insurer announced the formation of its of Global Cyber Office and appointment of key leaders, including Dan Frusciano as North America head of cyber underwriting, Matthew Hogg as global cyber product leader, and Ivonne Staisch as Liberty Mutual Reinsurance head of cyber underwriting.
Patrick Thielen and Jelmer Andela
About Liberty Mutual Insurance
At Liberty Mutual, we believe progress happens when people feel secure. By providing protection for the unexpected and delivering it with care, we help people and businesses embrace today and confidently pursue tomorrow.
In business since 1912, and headquartered in Boston, today we are the fifth largest global property and casualty insurer based on 2022 gross written premium. We also rank 78 on the Fortune 100 list of largest corporations in the US based on 2021 revenue. As of December 31, 2022, we had $50 billion in annual consolidated revenue.
We employ over 50,000 people in 29 countries and economies around the world. We offer a wide range of insurance products and services, including personal automobile, homeowners, specialty lines, reinsurance, commercial multiple-peril, workers compensation, commercial automobile, general liability, surety, and commercial property.
For more information, visit www.libertymutualinsurance.com.
Contact: Liberty Mutual Insurance Public & Media Relations