Insurance DECODED
Previous edition: 17 May 2024
Share article
Get the full version straight to your inbox.
Exclusive access to our best-in-class data & intelligence
Subscribe now
Beazley appoints head of US cyber
Specialist insurer Beazley has appointed Melissa Carmichael as head of US cyber, effective immediately.
Based in New York, Carmichael will report to Paul Bantick, global head of cyber risks at Beazley.
With more than 25 years of industry experience, Carmichael has a track record with high performance teams. She also joins from Aon, where she most recently held the role of managing director, specialty & middle market leader.
Prior to that, Carmichael spent more than 16 years at Marsh where she proceeded to be managing director NY FINPRO practice leader.
Paul Bantick, global head of cyber risks, said: “In an era of accelerating cyber threats it’s crucial that we have in place leaders of Melissa’s calibre and expertise, working alongside an experienced team to ensure that our clients have elevated cyber resilience. Not only is her appointment a testament to our ability to attract market leading talent, but it also denotes our commitment to bolstering our Full Spectrum Cyber global proposition and capitalising on the opportunities in the US cyber space.”
Carmichael added: “I’m excited to be joining such an impressive team at Beazley. In an ever-shifting cyber market, Beazley has ensured that its clients are ahead of the risk, prepared and not fearful of any threats that may lie ahead for their business. I greatly look forward to working with the team and partnering with our brokers to further build on this success and grow our market leading position.”
In April 2024, digital and algorithmically powered Lloyd’s follow platform Ki struck a multi-year alliance with Beazley, which will see the latter’s capacity added to Ki’s platform.
The deal forms part of Ki’s efforts to streamline and digitalise the follow market.
Since its inception in 2021, Ki claims to have increased its capacity and line size each year.
The latest move is expected to offer enhanced value to brokers and their clients by expediting the uptake of digital follow solutions within the London insurance market.
It will enable brokers to access Beazley’s capacity across Ki’s range of open market classes, including property, casualty, and specialty divisions.
Latest news
Dutch insurer Aegon appoints new CFO and issues trading update
Dutch life insurance company Aegon has named Duncan Russell as its new chief financial officer (CFO), replacing Matt Rider, who is set to retire after a stint of more than seven years.
ABN AMRO signs life insurance strategic partnership in France
ABN AMRO, through its French private bank Neuflize OBC, has entered into talks with BNP Paribas Cardif to form a strategic partnership in life insurance in France.
AIG to offload 20% stake in Corebridge to Nippon Life in $3.8bn deal
American International Group (AIG) has reached an agreement to divest a 20% ownership stake in Corebridge Financial to Japan’s Nippon Life Insurance Company (Nippon Life).
Swiss Re posts IFRS net income of $1.09bn in Q1 2024
Swiss Re has reported net income of $1.09bn and a return on equity (ROE) of 21.3% for the first quarter (Q1) of 2024.
Clearcover, Ada launch GenAI tool for enhanced customer service
Car insurance company Clearcover, in collaboration with AI-native customer service automation company Ada, has rolled out a new GenAI customer service solution.
Republic Life Insurance goes live with Sapiens in the Caribbean
Insurance software provider Sapiens has announced that Caribbean-based Republic Life has gone live with Sapiens CoreSuite and Sapiens Digital Suite.
Cover Genius closes $80m funding round
Embedded protection insurtech Cover Genius has closed its $80m Series E funding round.
In our previous edition
Insurance Decoded
Allianz registers 21.8% growth in Q1 profit
16 May 2024
Insurance Decoded
UK insurance group Jensten announces business restructuring
15 May 2024
Insurance Decoded
SunCar Technology teams up with Xiaomi's insurance affiliate
14 May 2024
Newsletters in other sectors
Aerospace, Defence & Security
Automotive
Travel and Tourism
Search companies, themes, reports, as well as actionable data & insights spanning 22 global industries
Access more premium companies when you subscribe to Explorer