Crum & Forster promoted Nick Cook to chief risk officer, a new position for the Morristown-based property and casualty specialty insurance company.
Cook, who advances from his role as chief risk officer for the company’s Surplus & Specialty division, will report to Chairman and CEO Marc Adee, the company said in an Aug. 9 announcement.
In the new role, Cook will lead claim audit and claim litigation management in addition to continuing to oversee catastrophe modeling and the ceded reinsurance function.
Nick Cook, Crum & Forster’s new chief risk officer, began his career as a professional golfer before moving into the insurance industry.
“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 in a statement. “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, who joined Crum & Forster seven years ago, previously held positions in treaty underwriting and ceded reinsurance with the Odyssey Reinsurance Co. He earned a bachelor’s degree in psychology from Georgetown University and has earned Chartered Property Casualty Underwriter (CPCU) and Associate in Reinsurance (ARe) designations.
Founded in 1822, Crum & Forster had $3.7 billion in gross written premium in 2021.