XL Group, the diversified global insurance and reinsurance provider, has created a new executive leadership role in response to ongoing growth in the importance of big data and analytics to its business performance.
The new position—Head of Data, Analytics and Pricing—will be filled by Tim Pitt, who has served as the company’s head of analysis, management information and pricing for the past two years.
In his new role, Pitt will oversee data modeling, data quality and pricing across the company and work closely with its various business leaders: Chris Dougherty, who heads underwriting at ceded re at XL Insurance, and Kimberly Holmes, who leads XL Group’s strategic analytics team. Pitt will report to Susan Cross, XL Group’s global chief actuary.
“The information and data available to us is growing exponentially every day,” said Greg Hendrick, chief executive of XL Group’s global insurance operations. “Tim’s strong background as an actuary and his finance team experience enables him to provide valuable insights and guidance in this space.”
Pitt joined XL Group as a pricing actuary team leader in 2006 and led XL’s enterprise management information program from 2010 to 2012. He also spearheaded the development of XLAPS, the XL Analytics and Pricing System.
Companies across all industries are creating new analytics-related executive positions such as chief analytics officer as data science becomes both increasingly pervasive and increasingly strategic.
