AXIS Capital, a global specialty underwriter and provider of re/insurance solutions, has appointed Lori Bailey as Head of Cyber and Technology, a New York-based role.
In her new role, Bailey will oversee the company’s Global Cyber and Technology team and will be responsible for shaping the division’s strategy, driving its profitability and growth goals, leading the global team, and further enhancing customer relationships.
She succeeds Dan Trueman and, in the months ahead, they will work together to ensure a smooth transition.
Bailey will report to Mark Gregory, Head of Global Markets, who commented: “Lori is a highly regarded leader within the Cyber space and is exceptionally well-suited to run our industry-recognized Global Cyber and Technology business.
“She brings an established track record of leading teams, driving profitable business growth, and building strong customer relationships.”
Bailey joined AXIS in June 2023 as Global Head of Growth within the Global Cyber and Technology team.
Prior to AXIS, she served as Chief Insurance Officer at cyber-focused MGA Corvus where she led the risk capital and capital procurement strategy and was responsible for actuarial, catastrophe modelling, and captive management.
Bailey has previously held senior positions at Zurich Insurance Group, leading the professional liability, specialty lines and cyber underwriting functions globally. And also held underwriting and client advisory roles at AIG and Marsh.
Her appointment is one of Axis Capital’s latest moves as the company has also recently named Timothy Braun, who has been with Axis for over 20 years, Chief Underwriting Officer (CUO) of Global Financial Lines; and welcomed Lauren Kent as President, AXIS Re International.
Additionally, Axis Capital announced that Frank Romeo is to lead its entry into the US marine cargo insurance market, among a number of other appointments.
