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Axa XL, the insurance and reinsurance business of France’s Axa SA, Thursday said it has named Converge founder Anthony Dagostino to the newly created role of global chief cyber underwriting officer, commercial lines.
He will head product development for cyber risk transfer for commercial clients of all sizes, including establishing a clear risk appetite and globally consistent cyber underwriting guidelines; managing aggregation risk; and assisting in the recruitment and development of cyber talent, an Axa XL statement said.
Based in New York, Mr. Dagostino will report to Libby Benet, Axa XL’s chief underwriting officer.
He joins Axa XL from Converge, a cyber insurance and risk management provider, the statement said.
Ms. Benet said in the statement that cyber is a strategic growth area for the group.