AXIS hires CUO for global cyber & technology

AXIS hires CUO for global cyber & technology | Insurance Business Australia

Insurance News

AXIS hires CUO for global cyber & technology

Key arrival makes the switch from SCOR

Insurance News

By
Terry Gangcuangco

AXIS Capital has appointed Simon Dejung as chief underwriting officer for global cyber & technology (GCT) with immediate effect.

Dejung made the switch from SCOR where he recently held the position of cyber CUO as part of a 13-year tenure. He has a robust background in cyber and specialty lines (re)insurance, as well as prior experience in the science, engineering, and energy sectors.

Based in Zürich, the new CUO will play a pivotal role in enhancing underwriting profitability and driving strategic initiatives across GCT platforms including North America, Europe, and the London market. He will report to GCT head Lori Bailey.

Commenting on the appointment, Bailey said: “As we continue to develop elevated solutions that enable our partners and customers to prepare for, protect against, and respond to evolving cyber and E&O (errors and omissions) risks, our focus on underwriting excellence and portfolio management remains core to our success.

“Simon’s strong background in cyber and expertise in underwriting governance and reinsurance add tremendous value to our team as we target consistent, profitable growth. I’m delighted to welcome Simon to our leadership team.”

The move comes on the heels of changes within the leadership team at AXIS. In February, the company announced the appointment of Edward Ashby as chief commercial officer, Stephen Lord as global chief information officer, and Robert Barriero as global head of strategic sourcing and corporate real estate.

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