Lloyd’s insurer Chaucer swoops on AXA XL for top cyber leadership role

Specialty  Lloyd’s insurance group  Chaucer has hired new head of cyber from  AXA XL, who previously worked at XL Catlin and  Marsh, to help improve its offering in the fast-evolving cyber market.

Piers Tuggey (Pictured) joins from AXA XL, where he spent four years, most recently as head of cyber.

Prior to its merger with AXA, Tuggey spent three years at XL Catlin, underwriting both cyber and political violence risks. He started his insurance career at Marsh.

In his 15-year career in the insurance industry, Tuggey has developed in-depth expertise in the placement and pricing of complex cyber risks in the specialist Lloyd’s market, primarily servicing large global corporates.

Paul Restarick, head of non-marine insurance at Chaucer, said: “We’re delighted to welcome Piers to 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.”

Tuggey commented: “It’s a pleasure to be joining Chaucer. 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.”

Did you get value from this story?  Sign up to our free daily newsletters and get stories like this sent straight to your inbox.