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TransRe creates Chief AI Officer role, restructures data science team - Reinsurance News

Aug 07, 2024 - news.bensbites.com
Transatlantic Holdings (Trans Re) has restructured its data science team to enhance the adoption of artificial intelligence, machine learning, and large language models. Otakar Hubschmann has been promoted to Chief Artificial Intelligence Officer to lead the Artificial Intelligence Team (TRAIT), with Socrates Pichardo, the current CTO, joining the team. The team will report to Matt Mahoney, the COO of TransRe, and will work on embedding these capabilities within the operating units.

Hubschmann, who joined TransRe in 2016, has previously worked on automating data extraction and enabling rapid comparison of documentation. Pichardo, who joined in 1993, has led several major IT projects, including the company's property underwriting platform and business cloud migration. The establishment of TRAIT aims to integrate the rapidly developing capabilities of AI with TransRe’s existing expertise to provide additional insights for colleagues and clients.

Key takeaways:

  • Transatlantic Holdings (Trans Re) has restructured its data science team with two senior appointments to support the expansion and adoption of artificial intelligence, machine learning, and large language models.
  • Otakar Hubschmann has been promoted to the newly created position of Chief Artificial Intelligence Officer, leading TransRe’s Artificial Intelligence Team (TRAIT).
  • Socrates Pichardo, the current Chief Technology Officer (CTO) is also joining the team, which will report to Matt Mahoney, Chief Operating Officer of TransRe.
  • The establishment of TRAIT aims to integrate the rapidly developing capabilities of AI with TransRe’s existing expertise, and deliver additional insights for colleagues and clients.
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