Effective September 1, 2021, Scott Sayce will join Allianz Global Corporate & Specialty (AGCS) as Global Head of Cyber, based in London.
He will steer AGCS’s cyber underwriting business, reporting to Shanil Williams, Global Head of Financial Lines, and will also lead the group-wide Cyber Center of Competence of Allianz which is embedded into AGCS.
He will succeed Dr. Catharina Richter, current Global Head of Cyber Center of Competence for AGCS and Allianz Group, who will move to a new role within Allianz Group, which will be confirmed in due course.
Scott Sayce joins AGCS from AXA, where he has held a variety of increasingly senior leadership roles after joining in 2017. He started out as Global Chief Underwriting Officer Cyber within AXA’s corporate solutions division, while also being Group Chief Underwriting Officer for Cyber.
In 2018 he became Group Head of Cyber, and subsequently, Group Head of Financial Lines and Cyber. Before his time at AXA, Scott was the Head of the Cyber, Technology and Life Science divisions for CNA Hardy. He started his career as a Lloyd’s insurance broker before moving to underwriting to focus on cyber and technology risks, a field in which he now has almost 20 years’ experience.
AGCS’s Chief Underwriting Officer Corporate Tony Buckle says “A huge thank you to Catharina Richter for her leadership of the Cyber Center of Competence and her contribution to the further evolution of our cyber underwriting approach and product offering. A warm welcome also to Scott Sayce – he is a leading expert in the field of cyber underwriting, with significant global experience and he will help drive this key part of our business forward for AGCS and for the wider Allianz Group.”
AGCS launched a first standalone cyber insurance product in 2013 and has seen steady growth since then in all its key markets globally. In 2020, AGCS generated more than EUR 100 million gross premium written with cyber insurance solutions globally.
In March 2021, AGCS announced a partnership with Google Cloud and Munich Re offering a unique cyber risk management solution for cloud customers. The Allianz Cyber Center of Competence was established in 2018 and focuses on Group-wide coordination and alignment of cyber exposures and underwriting in the corporate and commercial insurance segment.