Sompo International has appointed Richard DePiero a senior vice president and US cyber product leader for Sompo Pro, the carrier’s professional liability insurance unit.
In his new role DePiero will be responsible for Sompo Pro’s US cyber and network security offering.
He will report to Daniel Wadley, executive vice president of Sompo Pro and will work closely with Brad Gow, global cyber product leader.
Based in New York, DePiero’s remit will focus on further developing Sompo’s cyber products and services.
DePiero joins the Bermudian carrier from Swiss Re Corporate Solutions where he served as senior vice president, head of cyber and technology underwriting for North America.
There, he was responsible for developing its cyber and professional liability strategy.
Prior to that, DePiero was cyber and technology practice leader for Marsh in the US.
“Rich brings a wealth of knowledge and experience in cyber liability and risk management from both an underwriting and intermediary perspective,” Wadley said.
“His extensive knowledge of cyber coverages and thought leadership complement our specialty resources across a wide array of professional classes,” Wadley added.
“Adding Rich to our global team of industry recognised cyber underwriters enhances our capabilities in one of the world’s fastest-growing cyber security markets,” Gow said.
“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,” he went on.