Axis promotes former Corvus executive to lead cyber

Axis Capital Holdings Limited has promoted Lori Bailey to be head of cyber and technology in which role she is tasked with driving the re/insurer’s global growth.

Bailey, who succeeds Dan Trueman, will report to Mark Gregory, head of global markets, and is based in New York.

Bailey will oversee the company’s global cyber and technology team and is responsible for shaping the division’s strategy, driving its profitability and growth goals, leading the global team, and further enhancing customer relationships.

“Lori is a highly regarded leader within the cyber space and is exceptionally well-suited to run our industry-recognized global cyber and technology business,” said Gregory. “She brings an established track record of leading teams, driving profitable business growth, and building strong customer relationships.”

Bailey joined Axis in June 2023 as global head of growth within the global cyber and technology team. Prior to joining Axis, she served as chief insurance officer at cyber-focused MGA Corvus where she led the risk capital and capital procurement strategy and was responsible for actuarial, catastrophe modeling, and captive management. She previously held senior positions at Zurich Insurance Group, leading the professional liability, specialty lines and cyber underwriting functions globally. She also held underwriting and client advisory roles at AIG and Marsh.

Gregory added: “We are deeply appreciative to Dan for his significant contributions to AXIS and we wish him the best as he begins a new chapter.”