Crum & Forster elevates exec to SVP of cyberinsurance team

Crum & Forster on Monday announced it promoted Nick Economidis to senior vice president of e-risk, which includes cybersecurity insurance products and coverage for technology errors and omissions.

“Nick has been the architect behind the pricing terms and conditions that have steered Crum & Forster and influenced the broader market,” Leigh McMullan, senior vice president for executive risk, said. “Nick has a great approach to the insurance market and provides insight on risk, service and innovation. He created and built out our cybersolutions team and is credited with developing unique market products and concepts — like C&F Simple Cyber and CyberUP. Innovation, education and ownership are what truly set Nick and his team apart from the market.”

Economidis joined C&F as vice president of e-risk in 2018, and grew the business line sixfold in four years. C&F’s tech and cyber underwriting group has expanded under his direction to address clients’ ever-changing needs across all business sectors.

“Crum & Forster is an industry leader in cyber risk management, and we’re building the best underwriting team in the market,” Economidis stated. “Ransomware, data breach events and privacy-related litigation are real challenges for both large and small businesses, but we’re working hard to bring solutions to the market to help our partners concentrate on their customers.”

C&F’s e-risk unit specializes in underwriting technology-related exposures and has been recognized for its expertise and innovative insurance solutions, including its Simple Cyber insurance product and other specialty coverages.

Economidis has more than 30 years of underwriting experience, including two decades underwriting cyberrisk exposures. Before joining C&F, Economidis was an underwriter with Beazley, and vice president and product manager for media, technology and network security within AIG’s Executive Liability practice.