AXA XL has appointed Robert Malone (pictured above) as head of large accounts and portfolio management for its cyber insurance team in the Americas.
His career also includes roles as a commercial cybersecurity strategy consultant at Booz Allen Hamilton and underwriting positions at Zurich, Axis Capital, and Travelers.
In his new position, Malone will focus on driving strategy and growth for AXA XL’s large account cyber insurance portfolio, managing both new and renewal business. He will oversee portfolio performance metrics and implement improvements through data analytics and portfolio reviews to address the evolving cyber risk landscape.
Malone, based in New York, will report to Michelle Chia, chief underwriting officer for cyber, select, and design professional.
“Rob joins us with extensive experience in cyber and professional liability underwriting, which will be crucial as we improve our cyber insurance offerings,” Chia said. “He will collaborate with our underwriting and claims colleagues to provide effective cyber insurance protection and help our clients strengthen their cybersecurity initiatives. As we strive to meet the increasing demand for strong cybersecurity solutions for businesses of all sizes, Rob is an excellent addition to our talented team.”
AXA XL has also recently expanded its cyber insurance capabilities by establishing middle market and wholesale cyber underwriting teams.
These teams, AXA XL says, aim to meet the needs of a more diverse client base, align with broker distribution models, and accommodate evolving client preferences in the cyber insurance market.
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