16 September 2021Insurance

Beazley creates new global leadership role to manage cyber risks

Specialist insurer  Beazley has created a new global leadership role as it plans to develop another layer of protection for businesses grappling with the new, post-covid risk landscape as global cyber threats and severity of attacks continues to rise.

Raf Sanchez (pictured) has been appointed as new global head of cyber service. He has been integral to the development of Beazley’s breach response services since its launch in 2009.

In his new role, Sanchez will direct global risk management and incident response functions, playing a pivotal role in Beazley’s Cyber Ecosystem. With a focus on giving clients the power, autonomy, knowledge and desire to proactively manage down their cyber exposure by investing in and building out their cyber resilience.

Sanchez, currently international manager of Beazley Breach Response Services, will assume his new role in October, and join the global cyber & tech management team. He will continue to be based in London.

Paul Bantick, global head of cyber & technology at Beazley, said: “We have created the new role of Global Head of Cyber Services to further enhance our commitment to underwriting cyber exposure, and harnessing data and technology to equip clients with the best possible risk management tools. Raf’s unique knowledge and experience of the cyber threat landscape and optimum risk management practices will be invaluable as we develop another layer of protection for businesses grappling with the new, post-covid cyber risk landscape.

Sanchez added: “This is a critical time for cyber risk; with an increasingly distributed workforce, well-funded and innovative adversaries and the challenge of fending off a barrage of constant attacks, there has never been a more important time to help clients to be better prepared to respond.

“We are moving into an exciting but challenging chapter of our cyber journey. Our experience across tens of thousands of incidents of all types and severities and in a multitude of territories means that we can provide unique insights and expertise to our clients. I am excited to be taking on this new global leadership role spearheading this critical unit at a time when our clients need our support more than ever.”

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