Crum & Forster announced that Nick Cook has been named to the newly created position of chief risk officer, reporting to Marc Adee, chairman and CEO.
In this newly formed role, Cook will lead claim audit and claim litigation management in addition to continuing to oversee catastrophe modeling and the ceded reinsurance function for the Morristown-based property and casualty specialty insurance company.
“I am thrilled to promote Nick to this role, where he will expand our risk management culture and focus on our approach of continuous framework improvement for risk identification, measurement, monitoring, documentation, and management,” Adee said. “As we and other businesses navigate uncertainty, I am confident Nick will do a terrific job leading our team and continuing to look for and mitigate emerging risks.”
Cook has been with Crum & Forster for seven years, serving in roles within underwriting and analytics. In his most recent role as chief risk officer for the Surplus & Specialty Division, Cook oversaw actuarial pricing for Surplus & Specialty Lines and led ceded reinsurance and catastrophe risk management.
Prior to joining Crum & Forster, Cook held positions in treaty underwriting and ceded reinsurance with the Odyssey Reinsurance Company.