Beazley, a leading specialty insurer, has appointed Patricia Kocsondy as the Head of Global Cyber Digital Risks. Kocsondy will be responsible for shaping the global product and distribution strategy for Beazley’s cyber business under $250 million. This strategic move aims to ensure that Beazley’s products and services cater to the needs of companies in this segment.
Kocsondy is currently Head of US Cyber and Technology. A role she has had since 2021. She brings over a decade of experience as a cyber underwriter to her new position. Her expertise will play a crucial role in aligning Beazley’s high-touch, large business cyber risks with the digitization excellence delivered by the Digital division. This synergy will provide an easily accessible and tailored service to businesses in the sub $250 million market.
The announcement comes as Beazley’s cyber underwriting continues to experience significant growth, underwriting over $1 billion of cyber premium globally. Anticipating further expansion in the sub $250 million market, Beazley aims to leverage Kocsondy’s leadership to enhance its cyber offerings for this vital business segment.
“Cyber Leader”
Paul Bantick, Global Head of Cyber Risks at Beazley, expressed confidence in Kocsondy’s ability to lead the ongoing development of their cyber portfolio. “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,” said Bantick.
As part of this transition, the search for Kocsondy’s replacement as Head of US Cyber and Technology will commence immediately. The move signifies Beazley’s commitment to staying at the forefront of cyber insurance. Beazley’s appointment takes effect on January 1, 2024.
Source: Beazley names Patricia Kocsondy as Head of Global Cyber Digital Risks
Other News: Beazley Growing Its Cybersecurity Subsidiary (Opens in a new browser tab)
