Capsicum Re adds two to market leading cyber division
Capsicum Re, the specialist reinsurance broker, is pleased to announce the latest hires to its rapidly expanding cyber division. Jasper Goring joins as a cyber broker and Prab Naidu as wordings director, both with immediate effect. They are based in London reporting into Ian Newman, global head of cyber, and Samantha Thompson, operations director for London property and specialty.
Goring joins from Paragon International Insurance Brokers where he was senior vice president and focused on cyber business in the UK and US. Before this, he was a broker at Willis and Lockton.
Naidu brings more than 16 years’ experience in (re)insurance contract wordings. He was most recently wordings manager at BMS Group and held roles at Guy Carpenter, UIB and Heath Lambert before this.
Matt FitzGerald, managing partner of the London property and specialty division at Capsicum Re, said: “The cyber sector is progressing at an unparalleled pace; we anticipate it will be as big a sector of the market as property and casualty so it is a key focus area for the business. I am pleased to welcome another two excellent hires to our growing team, reinforcing our position as the largest dedicated cyber reinsurance broking practice in the UK and North America.”
Ian Newman, global head of cyber, said: “Jasper is one of the leading cyber brokers in the London market. His expertise and in-depth understanding of cyber in multiple markets complements and strengthens our knowledge, ensuring we remain effective in placing cyber reinsurance from both our London and New York offices.
“Creating innovative and modern wordings is key in ensuring Capsicum Re remains at the forefront of product development so Prab’s expertise is a real asset. He is a highly regarded wordings specialist and working alongside our partner, Hogan Lovells, he will construct market leading wordings that ensure our clients are equipped to deal with the cyber risks they face.”
ENDS
For further information, please contact:
Capsicum Re
Rupert Swallow – CEO
+44 (0)207 234 4075
Haggie Partners
David Haggie/ Chanice Smith
+44 (0)207 562 4444
Notes to editors
Founded by Grahame Chilton and Rupert Swallow in 2013, Capsicum Reinsurance Brokers LLP Group (“Capsicum Re”) is a full-service global reinsurance broker, working in partnership with Gallagher as its primary treaty reinsurance broking outlet. Based out of offices in London, Bermuda, New York, Miami, Rio de Janeiro, São Paulo and Santiago, Capsicum Re is focused on attracting the best advocates in the market to provide bespoke and specialist reinsurance advice and products; it boasts the foremost broking teams in the specialist areas that it focusses on, supported by market-leading analytical capabilities.