Aon grows US cyber reinsurance team

David Grigg has joined Aon’s Reinsurance Solutions as executive managing director to lead its US cyber reinsurance team, effective immediately.

According to Aon Grigg’s wealth of experience in both broking and underwriting roles will enhance its cyber offering as he develops the firm’s product segment strategy with a team of broking and analytics experts.

He joins from AXA XL where he was responsible for the North America Cybertech portfolio focusing on profitability and portfolio optimization through the implementation of growth strategies, while also executing underwriting actions to mitigate the impact of extortion and ransom attacks.

Grigg will be based in Aon’s New York office. He will report to Randy Stanco, co-leader of the New York/New Jersey Reinsurance Treaty Office and co-US strategic growth leader.

“Cyber is an evolving line of business on which Aon is focused to bring clients robust solutions and capabilities to meet their needs, especially as cyber risks and the industry’s role within this area continues to develop,” said Stanco in a statement. “David brings a vast amount of expertise and knowledge to lead and continue to expand our cyber segmentation strategy, as well as further develop a dedicated team to this important line of business. David’s experience, proactive outlook and passion for creating robust career development pathways for colleagues at all levels, reinforce Aon’s commitment to continue to build our cyber reinsurance expertise.”