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Beazley taps Chubb’s Patricia Kocsondy as ransomware attacks grow in severity

Beazley logo NY cyber with Patricia Kocsondy.jpg

Lead market Beazley has hired Patricia Kocsondy from Chubb to serve as its head of US cyber and tech.

Kocsondy brings underwriting experience from her prior roles, most recently at Chubb, where she served as senior vice president, errors and omissions (E&O) and cyber underwriting, for Chubb’s North American financial lines.

Kocsondy will report to Bantick and be based in New York.

Beazley said Kocsondy was responsible for strategic leadership and direction, portfolio management, product development and underwriting strategy with Chubb. She worked over a broad span of segments and products across the E&O space.

Prior to this, she held roles legacy Ace, Federal Insurance Company and The Hartford.

As ransomware continues to grow in both frequency and severity, the mitigation of cyber-related risks has come to the forefront of Beazley’s priorities, the firm said.

Paul Bantick, head of global cyber and tech at Beazley, said: “Patricia’s experience and expertise brings new insight to our team in the US as we work with our brokers and clients to help strengthen their cyber defenses and mitigate risk.”

Bantick said Beazley looks forward to “continuing to strengthen our experienced cyber & tech practice as we evolve and enhance our 360° cyber protection and risk mitigation services”.

In May, Beazley’s former head of US cyber and technology, Kristen Dauphinais, said she would step down at the end of the month.

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