PURE Insurance Makes Two Key Leadership Appointments

As the Brand positions for growth, Drew Saad has joined as Chief Underwriting Officer and Dea Malollari has been promoted to Chief Risk Officer.

(Drew Saad, Chief Underwriting Officer, PURE. Source: PURE.)

Privilege Underwriters, Inc. (PUI; White Plains, N.Y.) and the affiliated companies of the PURE Group of Insurance Companies (PURE) have announced two new leadership appointments: Drew Saad has joined as Chief Underwriting Officer and Dea Malollari has been promoted to Chief Risk Officer. The appointments follow Martin Leitch and Dave Logan assuming the roles of Chief Executive Officer and President, respectively.

Dea Malollari, Chief Risk Officer and Chief Actuary, Privilege Underwriters, Inc.

As Chief Underwriting Officer, Saad will oversee PURE’s Underwriting and Product teams. Having previously served in senior underwriting and product leadership roles at Allstate, Farmers Insurance and Zurich Insurance Group, Saad has more than 15 years of technical expertise and strategic perspective in both personal and commercial lines.

Dea Malollari is expanding her role with the appointment to Chief Risk Officer while retaining her current responsibilities as Chief Actuary. In her new role, Malollari will chair PURE’s Risk Steering Committee and serve as the liaison between PURE’s internal audit team and Tokio Marine Holdings’ risk management group.

Broad Coverage, Competitive Prices

Martin Leitch, CEO, Privilege Underwriters, Inc.

“PURE was built on the foundation of being different, providing unparalleled service, delivering innovative solutions and rewarding members with broad coverage and competitive prices,” comment Martin Leitch, CEO, PURE. “This continues to be PURE’s vision and north star. As I look ahead, we will focus on continuing to deliver greater value for our members, while ensuring the sustainability of our businesses, and Drew and Dea play pivotal roles in those objectives.”

Since its founding in 2006, PURE has grown nearly 15 percent in managed premiums year over year and joined the Tokio Marine Group following Tokio Marine’s acquisition of PUI in 2019. PURE is the most-awarded insurer in its category, having been recognized as the Best High Net Worth Insurance Company by Private Asset Management for seven consecutive years and by Family Wealth Report for eight consecutive years, in addition to countless other awards for innovation, service and corporate culture.

PURE Insurance’s High-Value CX for its High-Net-Worth Membership

Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at AnthODonnell@IIReporter.com or (503) 936-2803.

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