Specialty insurer Newline Group has announced the appointment of Richard Spotswood as the new head of its Cyber Liability product team.
In this position, he will oversee and lead the development of Newline’s global cyber portfolio.
Spotswood brings 20 years of specialty and financial lines experience to Newline, including more than 10 years in the direct cyber class.
His background in cyber spans multiple roles including risk advisory, broking and lead underwriting at insurance companies, Lloyd’s syndicates and brokerage firms.
Based in London, Spotswood’s new role will see him report to Andy Pecover, Newline’s Chief Underwriting Officer.
“We are very pleased to have Richard on our team. His expertise and reputation in the cyber market will help propel Newline’s growth in this segment,” Pecover commented.
Newline Group is a specialty insurance group that operates through three underwriting platforms, Newline Syndicate 1218 at Lloyd’s, Newline Insurance Company Limited and Newline Europe Versicherung AG.
Headquartered in London, with offices in the United Kingdom, Europe, Asia, Australia, Canada and Latin America, Newline Group underwrites international casualty, cargo and specialty lines of business in more than 80 countries around the world.
The company is part of the Odyssey Group, which is in turn a subsidiary of Fairfax Financial Holdings.
