Sompo International Holdings Ltd. has named Richard DePiero as senior vice president and U.S. cyber product leader for its U.S. professional liability insurance unit, Somp Pro.
Mr. DePiero, who has more than a decade of cyber underwriting and broking experience, will be responsible for Sompo Pro's U.S. cyber and network security offerings.
Mr. DePiero reports to Daniel Wadley, executive vice president at Sompo Pro, and will work with Brad Gow, global cyber product leader at Sompo International, to further develop Sompo's cyber products and services. Mr. DePiero is based in the company's New York City office.
Mr. Wadley commented, “Rich brings a wealth of knowledge and experience in cyber liability and risk management from both an underwriting and intermediary perspective. His extensive knowledge of cyber coverages and thought leadership complement our specialty resources across a wide array of professional classes. We are pleased to welcome such high caliber talent to our team.”
Mr. Gow commented, “Adding Rich to our global team of industry recognized cyber underwriters enhances our capabilities in one of the world's fastest growing cyber security markets. I look forward to working with him as we continue to develop our coverage options and mitigation and response services to meet the evolving challenges faced by businesses of all sizes and across all industries.”
Mr. DePiero joined Sompo Pro from Swiss Re Corporate Solutions, where he served as senior vice president, head of cyber and technology errors and omissions underwriting for North America, responsible for developing its cyber and professional liability strategy. Prior to Swiss Re, Mr. DePiero was senior vice president and cyber and technology practice leader for Marsh USA, Inc. He started his career in claims and distribution at Electric Insurance Company, a G.E. subsidiary.
Mr. DePiero holds a bachelor's degree in history from the University of Massachusetts at Amherst.
Learn more: www.sompo-intl.com.