Specialist insurer Beazley has appointed Lucien Mounier as head of its Asia-Pacific operations, based in Singapore.
Mounier will be responsible for developing the group’s business across the region, working closely with Beazley Singapore’s principal officer, Byran Lee. He relocates from Paris, where, for the past two years, he was in charge of managing and growing a portfolio of cyber and technology business in France, other continental European markets, and Asia.
According to Beazley, there are significant growth opportunities in Asia-Pacific for specialty insurance, and the insurer is expanding its underwriting capacity and lines of business in the region as a response. In October, Beazley launched a comprehensive suite of financial lines products for Asia, and has announced that it will increase its cyber insurance offerings in the region.
Mounier succeeds Gavin Hayes, who returned to Beazley’s specialty lines division in London after three years of heading the Singapore team.
“The Asia-Pacific market is of strategic importance to Beazley. Our 30-strong team in Singapore has grown our business significantly over the past 12 years, and from this base we believe that there are many opportunities for us to expand across our portfolio of specialist insurance products,” said Patrick Hartigan, who is in charge of Beazley’s growth strategy in Asia-Pacific.
“I’d like to thank Gavin for his leadership over the past three years and to welcome Lucien to the role. He has a very solid base from which to build our operations in the future and, with his background in cyber risk, is exceptionally well-qualified to help us develop this, and other products, for the local market.”