London/Munich:
Scott Sayce will join Allianz Global Corporate & Specialty (AGCS) as Global Head of Cyber, based in London effective September 1, 2021,
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 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.
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.