Jared Kotler has joined The Hartford as head of credit and political risk insurance (CPRI), a new division in the firm.

He moves from Validus Group, where he was head of political risk and credit, Americas, in New York. Prior to that, he held credit and political risk underwriting and analyst roles at Chubb and Zurich.

In his new role, which is based in Washington DC, he will be in charge of the direction, strategy and results of The Hartford’s CPRI unit.

The hire of Kotler marks The Hartford’s official move into the CPRI market. The new unit will provide country and credit risk solutions for financial institutions, multinational corporations, exporters, private equity firms and regional development banks, as well as risk-sharing solutions for export credit agencies.