AXIS Capital Holdings Limited announced the appointment of Simon Dejung as Chief Underwriting Officer for its Global Cyber & Technology division. This marks a strategic move to enhance its worldwide cyber and technology insurance offerings. Dejung, who brings a robust background in cyber and specialty lines insurance from his tenure at SCOR, will oversee underwriting profitability and help drive strategy across the company’s global platforms in North America, Europe, and the London market. Based in Zurich, Switzerland, he will report to Lori Bailey, Head of Global Cyber & Technology at AXIS.
AXIS Views Dejung’s Appointment as a Crucial Step to Bolster Its Expertise in Addressing Evolving Risks in Cyber and Technology Sectors. “Simon’s arrival strengthens our leadership and our commitment to underwriting excellence,” Bailey remarked. “His deep understanding of the cyber risk landscape and his technical background make him a valuable asset in our mission to deliver solutions that protect against and respond to cyber threats.”
Before entering the cyber insurance industry, Dejung had diverse experience in the science, engineering, and energy sectors. He is expected to leverage his insights to enhance AXIS’s offerings in cyber risk management. Bailey emphasized the importance of Dejung’s role in driving the company’s strategy and elevating underwriting and portfolio management standards.
About Axis
AXIS Capital, known for its global specialty underwriting and insurance solutions, has a strong financial foundation. This includes shareholders’ equity of $5.3 billion as of the end of 2023. Standard & Poor’s and A.M. Best highly rated the company’s operating subsidiaries, reflecting its strong position in the market. AXIS Anticipates Dejung’s Leadership to Drive Its Growth and Meet Customer Needs in Cyber and Technology.
Source: AXIS appoints Dejung as Global Cyber & Technology CUO
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