Specialty insurer Beazley has announced the merger of its in-house Cyber Services team with its wholly owned cyber security company Lodestone, creating an integrated cyber risk management company, Beazley Security.
Beazley explained that the new company integrates the risk management services provided as part of a cyber insurance policy with Lodestone’s technical cyber security services.
Beazley Security will reportedly offer integrated cyber preparedness and response capabilities and invest in new services such as a managed eXtended Detection and Response (mXDR) solution.
According to the Specialty insurer, Beazley Security will be led by Alton Kizziah, currently CEO of Lodestone.
Kizziah will report to Paul Bantick, Beazley’s Global Head of Cyber Risks, who commented, “We live in an era of accelerating cyber risk and by combining these two experts in cyber security and insurance, we are creating a force capable of addressing the challenges head-on.
“I am looking forward to working with Alton and the team to support our clients in an ever more seamless and effective way.”
Kizziah, CEO of Beazley Security, added, “Building cyber resilience is top of mind for business leaders and Beazley Security has been created to bring responsive cyber protections to the heart of the fight against ever-evolving threats.
“I’m excited to lead an outstanding team of specialists committed to providing clients with confidence and peace of mind.”
