Insurance Group Beazley has announced it is to launch a new wholesale cyber team as part of a root and branch reorganisation of its global management for cyber risks.
The firm has revised its leadership structure within its global cyber & tech underwriting team. It has seen a range of new appointments and the creation of the London based wholesale operation.
Beazley had previously announced Paul Bantick, who currently leads the London market & international cyber & tech team, will take on global responsibility for cyber & tech from the start of next month.
It has now announced a number of new roles which will support Mr Bantick in his efforts to redefine the firms cyber and technology offering.
Bob Wice, currently head of US cyber & tech, has been appointed to lead global underwriting management for the team. Kristen Dauphinais has been promoted from head of US middle market cyber & tech to head of US cyber & tech. Her responsibilities will include all middle market and large risk underwriting in the US.
Alec Cramsie will lead the newly formed London wholesale team. In his new role, he will be responsible for all US and international business placed in London. Mr Cramsie is currently head of London market US cyber & tech.
Alessandro Lezzi will continue as head of international cyber & tech. As such he will have responsibility for Beazley’s international cyber & tech strategy and distribution and will chair the London wholesale and international management team.
Beazley said the appointments and restructure aims to support “greater knowledge sharing and collaboration between the team globally, future growth and continued development of innovative services and insurance solutions to tackle the borderless threat posed by cyber breaches”.
Mr Bantick said: “As the risks facing insureds become more complex, our new cyber & tech leadership team strengthens our ability to take a global approach to managing and underwriting these risks for clients and brokers. Our team will be working closely with the wider cyber & executive risk team to provide solutions that address the array of risks that boardrooms face today.”