AXIS Capital appoints new cyber & technology CUO

AXIS Capital Holdings has appointed Simon Dejung as chief underwriting officer, global cyber & technology, effective immediately.

The company said that Dejung will be responsible for overseeing underwriting profitability across the GCT global platforms including North America, Europe, and the London market. He will also help to drive strategy and elevate standards in underwriting and enterprise portfolio management. He will be based in Zurich, Switzerland, and report to Lori Bailey, head of global cyber & technology.

According to AXIS Capital Dejung brings deep knowledge of cyber and specialty lines insurance and reinsurance and joins AXIS from SCOR where he spent 13 years, most recently serving as Cyber Chief Underwriting Officer. Before joining the insurance industry Dejung held senior technical roles across various sectors, including science, engineering, and energy. This experience equips Dejung with valuable first-hand understanding of customer needs around operational risk including cyber risk management, the company 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 risks, our focus on underwriting excellence and portfolio management remains core to our success,” commented Bailey. “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.”

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