Commenting on the appointment, Ms. Cross said: “We continue to sharpen our focus on our data strategies across the organization and look to provide even more meaningful context to the business decisions we make. Tim will guide our data and analytics efforts forward with careful coordination across our global Insurance operations.”
In his new role, Mr. Pitt will work closely with XL Group’s Insurance business leaders, especially Chris Dougherty, XL Insurance’s Head of Underwriting and Ceded Re as well as Kimberly Holmes, Head of Strategic Analytics. Other new responsibilities include oversight of XL Group’s Data Model, data quality, and pricing across its global insurance segment.
According to Greg Hendrick, Chief Executive of XL Group’s Global Insurance Operations, “The information and data available to us is growing exponentially every day. Harnessing the right data and making it available to our businesses to make informed underwriting, pricing and operational decisions will help us adapt quickly to market challenges and deliver the products that our clients need. Tim’s strong background as an Actuary and his Finance team experience enables him to provide valuable insights and guidance in this space.”
Mr. Pitt joined XL Group as a pricing actuary team leader in 2006 and has held positions of increasing responsibility in Actuarial and Finance. He served as program leader for XL’s Enterprise Management Information program from 2010 to 2012 and has led the development of XLAPS, the insurance segment’s pricing tool framework since 2011. Mr. Pitt is a Fellow of the Institute and Faculty of Actuaries.
About XL Group plc’s Insurance Operations
XL Group plc’s insurance companies offer property, casualty, professional and specialty insurance products globally. Businesses that are moving the world forward choose XL as their partner. To learn more, visit xlgroup.com/insurance
About XL Group plc
XL Group plc (NYSE: XL), through its subsidiaries, is a global insurance and reinsurance company providing property, casualty and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises throughout the world. XL is the company clients look to for answers to their most complex risks and to help move their world forward. To learn more, visit xlgroup.com
XL Group is the global brand used by XL Group plc’s insurance and reinsurance subsidiaries.