AXIS Capital Holdings Limited has announced the promotion of Peter Smith and Tara Sapru to leadership roles within its Global Cyber & Technology (GCT) team. The changes are effective immediately.
Peter Smith will take on the role of Head of Cyber North America, where he will oversee underwriting strategy and enhance AXIS's specialty cyber solutions in collaboration with retail and wholesale brokers across North America. Before this, Mr. Smith was GCT Regional Underwriting Manager and Head of Middle Market Strategy at AXIS, joining the company in 2020 after working at Swiss Re and Marsh.
Tara Sapru is appointed as GCT Head of Technical Underwriting. She will lead product management and guide underwriting and portfolio management strategies for GCT. Ms. Sapru joined AXIS in 2019 from AIG, where she served as Assistant General Counsel.
Both Mr. Smith and Ms. Sapru will report to Lori Bailey, Head of Global Cyber & Technology. Ms. Bailey stated: “Pete’s expansive cyber underwriting acumen combined with his market knowledge and leadership are a great asset to our team.” She added that Ms. Sapru’s "vast cyber product knowledge will be pivotal in helping us achieve our goals."
The restructuring has resulted in the elimination of three senior positions: Head of Cyber US Open Market, Head of Wholesale Cyber, and Cyber CUO, leading to the departure of Eric Seyfried, Glen Manjos, and Simon Dejung from AXIS.
The company's Wholesale Cyber team will now integrate further into the North American GCT unit under Mr. Smith's leadership as part of efforts to grow profitably.
Ms. Bailey expressed gratitude towards her colleagues for their contributions to GCT's success: “I extend deep appreciation to my colleagues for the exceptional contributions they have made.”
AXIS Capital is a global provider specializing in insurance and reinsurance solutions with operations across several regions including Bermuda, the United States, Europe, Singapore, and Canada.