Allianz Group has named Catharina Richter as global head of its cyber centre of competence (CoC), effective 1 June 2020.
The Allianz Cyber CoC was established in 2018 and focuses on Group-wide coordination and alignment of cyber exposures and insurance in the commercial insurance segment.
Richter will report directly to AGCS chief underwriting officer corporate and board Member Thomas Sepp and will succeed Emy Donovan who left AGCS last year.
She joins from Allianz SE, where she is currently head of digital regulation, responsible for developing regulatory strategy for digitalisation on behalf of Allianz Group and shaping the regulatory and supervisory debate in the field of cyber.
Richter is a trained lawyer and joined Mondial Assistance (now Allianz Partners) in 2000 as general counsel and since then has served as head of distribution & solutions legal Europe for Allianz Global Investors and head of regulatory management for Allianz SE.
The existing AGCS standalone cyber insurance offering remains within the Financial Lines business line with overall responsibility of Shanil Williams, global head of financial lines, supported by Marek Stanislawski as cyber underwriting manager.
Thomas Sepp, AGCS chief underwriting officer corporate commented: ‘’Cyber is the top global business risk in the Allianz Risk Barometer 2020 and a significant opportunity for insurance, but at the same time it also requires central governance, steering and control to realize sustainable growth. I am delighted that someone of Catharina’s background and ability will now take the Cyber Centre of Competence to the next stage.’’