Specialty insurer Beazley has appointed Patricia Kocsondy as Head of Global Cyber Digital Risks, effective January 1, 2024.
In her new role she will be responsible for setting the global product and distribution strategy for all of Beazley’s cyber business sub $250million, and ensure products and services are tailored to the specific needs of the segment of companies in an easily accessible and highly digitised way.
Beazley stated: “By bringing together the expertise that serves high-touch, large business cyber risks and the digitisation excellence that Beazley’s Digital division delivers we will offer a seamless service to this important segment of businesses.
“This will benefit Beazley’s broker partners, helping facilitate growth, whilst improving access to Beazley’s well regarded cyber ecosystem which offers, before, during and after support against cyber attacks.”
With a career as a cyber underwriter for more than a decade, Kocsondy takes over this new position following her role as Head of US Cyber and Technology, which she has held since 2021.
The search for her replacement as Head of US Cyber and Technology will start immediately, the insurer noted.
Kocsondy will report to Paul Bantick, Global Head of Cyber Risks, who commented: “Beazley’s cyber underwriting continues to grow. Today we underwrite more than $1bn of cyber premium globally and expect significant growth in the sub $250 million market in the coming years, making now the right time for a cyber leader of Patricia’s experience and skill to head the ongoing development of our cyber offering for this important segment of business.”
