Tuesday, November 29, 2022
HomeInsuranceHead of cyber makes swap from AXA XL to Chaucer

Head of cyber makes swap from AXA XL to Chaucer




World specialty (re)insurance coverage group Chaucer has tapped Piers Tuggey to grow to be its head of cyber, changing Laura Hunt who left the agency in Could.

Tuggey joins Chaucer from AXA XL, the place he spent 4 years as head of cyber. He began his profession at Marsh and later grew to become an underwriter for cyber and political violence dangers at XL Caitlin earlier than the merger with AXA in 2018.

Greater than 15 years of insurance coverage expertise has led Tuggey to develop thorough experience within the placement and pricing of complicated cyber dangers within the specialist Lloyd’s market, particularly relating to servicing giant world corporates.

“It’s a pleasure to be becoming a member of Chaucer,” Tuggey mentioned. “I’m very a lot trying ahead to working alongside the staff as we tackle the challenges posed by the ever-shifting world cyber menace panorama.” 

Chaucer’s cyber unit gives purchasers with bespoke, industry-specific options and specialist companies within the occasion of a cyber-attack, together with IT/forensics, public relations and authorized companies. Tuggey’s staff can be working intently with the agency’s marine and non-marine divisions, which permits them to achieve extra data and understanding of this market.

“We’re delighted to welcome Piers to Chaucer,” mentioned Paul Restarick, head of non-marine insurance coverage at Chaucer. “He brings a wealth of underwriting expertise to the agency and his data and experience within the fast-evolving space of cyber threat will assist us additional enhance the service that we provide to purchasers.”

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