Global specialty (re)insurance coverage group Chaucer has tapped Piers Tuggey to develop into its head of cyber, changing Laura Hunt who left the agency in May.
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.
More than 15 years of insurance coverage expertise has led Tuggey to develop thorough experience within the placement and pricing of advanced cyber dangers within the specialist Lloyd’s market, particularly in relation to servicing giant world corporates.
“It’s a pleasure to be joining Chaucer,” Tuggey stated. “I’m very much looking forward to working alongside the team as we address the challenges posed by the ever-shifting global cyber threat landscape.”
Chaucer’s cyber unit supplies 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 group can be working intently with the agency’s marine and non-marine divisions, which permits them to realize extra information and understanding of this market.
“We’re delighted to welcome Piers to Chaucer,” stated Paul Restarick, head of non-marine insurance coverage at Chaucer. “He brings a wealth of underwriting talent to the firm and his knowledge and expertise in the fast-evolving area of cyber risk will help us further improve the service that we offer to clients.”