27 July 2016 Insurance

Capsicum Re expands cyber team

Specialist reinsurance broker Capsicum Re has expanded its cyber team with the appointment of Patrick Bousfield and Jane Palmer as brokers, and Alice O’Dwyer-Smith as account manager.

They are all based in the London office and report to Ian Newman, a partner in Capsicum Re’s London property and specialty division.

Bousfield joined from EC3 Brokers, where he focused on Canadian business development and SME and public entities cyber. He previously spend over 5 years at Beach & Associates working in Toronto, Sydney and London.

Palmer more recently served as a broker at BMS Group’s specialty casualty team, where she worked on North American business including errors and omissions, directors and officer, medical malpractice and general liability.

O’Dwyer-Smith joins Capsicum Re from Willis, where she on the reinsurance broking graduate scheme working within Willis Re’s non-marine team.

Alice joined from Willis where she was on the reinsurance broking graduate scheme working within Willis Re’s non marine team. She worked across a diverse portfolio of specialty clients primarily focusing on terrorism, onshore energy, political risk and trade credit.

Matt FitzGerald, managing partner at Capsicum Re, said: “Capsicum Re has the largest dedicated cyber reinsurance team in the market and our reputation as the ‘go-to’ cyber reinsurance broker is dependent upon our ability to meet our clients’ growing needs.

“This is increasingly important in the wake of the new threats facing the cyber market, so I am delighted to strengthen our team with Patrick, Jane and Alice’s appointments. Their specialist knowledge and expertise will enhance our offering, enabling us to continue developing new, innovative products and solutions for our clients.”

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