Barbican announces brace of senior cyber appointments
14 February 2017
London, 14th February 2017 – Barbican Insurance Group today announced that Graeme King is to join the firm as business group leader, cyber. In addition, Richard Spotswood will join as underwriting manager, cyber.
Both practitioners will join Barbican’s Syndicate 1955 from Allianz. Most recently, Mr. King was practice leader and underwriter, tech PI and cyber at Allianz Global Corporate & Specialty. He was responsible for driving the growth and development of the firm’s tech PI and cyber portfolio. Prior to this, he was a senior technology and cyber underwriter at XL from 2012 to 2014, based in London. During his 13-year insurance career, Mr. King has also held positions at Hiscox and Zurich.
Mr. Spotswood was most recently a senior tech PI and cyber underwriter at Allianz Global Corporate & Specialty, focusing on the group’s technology errors & omissions and cyber liability portfolio. Prior to this, he was an underwriter at Principia Underwriting. During his insurance career, he also worked at Willis for five years, ultimately as divisional director within the firm’s financial lines and technology, media and telecommunications practice.
Commenting on the dual appointments, Iain Bremner, managing director of Barbican Managing Agency Limited, said: “Barbican has maintained a leading position in the cyber insurance sector for a number of years, introducing pioneering cover for this rapidly evolving and dynamic risk. With the appointment of Graeme to head-up our cyber operations and Richard as underwriting manager, we have a formidable team that is more than capable of further strengthening our position in this increasingly competitive sector. The cyber insurance sector has vast potential and we are now better positioned than ever to fully capitalise on that potential.”