Scott Sayce appointed Global Head of Cyber at Allianz Commercial

Press release | June 01, 2021 | Johannesburg/London/Munich/New York/Paris/São Paulo/Singapore
  • Scott Sayce to join AGCS in September 2021 in a dual leadership role for AGCS’s cyber underwriting business and the Cyber Center of Competence for Allianz Group
  • He succeeds Catharina Richter who will transfer to a new role in Allianz Group
Effective September 1, 2021, Scott Sayce will join  Allianz Global Corporate & Specialty (AGCS) as Global Head of Cyber, based in London. He will steer AGCS’s cyber underwriting business, reporting to Shanil Williams, Global Head of Financial Lines, and will also lead the group-wide Cyber Center of Competence of Allianz which is embedded into AGCS. He will succeed Dr. Catharina Richter, current Global Head of Cyber Center of Competence for AGCS and Allianz Group, who will move to a new role within Allianz Group, which will be confirmed in due course.

Scott Sayce joins AGCS from AXA, where he has held a variety of increasingly senior leadership roles after joining in 2017. He started out as Global Chief Underwriting Officer Cyber within AXA’s corporate solutions division, while also being Group Chief Underwriting Officer for Cyber. In 2018 he became Group Head of Cyber, and subsequently, Group Head of Financial Lines and Cyber. Before his time at AXA, Scott was the Head of the Cyber, Technology and Life Science divisions for CNA Hardy. He started his career as a Lloyd’s insurance broker before moving to underwriting to focus on cyber and technology risks, a field in which he now has almost 20 years’ experience. 

AGCS’s Chief Underwriting Officer Corporate Tony Buckle says says “A huge thank you to Catharina Richter for her leadership of the Cyber Center of Competence and her contribution to the further evolution of our cyber underwriting approach and product offering. A warm welcome also to Scott Sayce – he is a leading expert in the field of cyber underwriting, with significant global experience and he will help drive this key part of our business forward for AGCS and for the wider Allianz Group.”

AGCS launched a first standalone cyber insurance product in 2013 and has seen steady growth since then in all its key markets globally. In 2020, AGCS generated more than EUR 100 million gross premium written with cyber insurance solutions globally. In March 2021, AGCS announced a partnership with Google Cloud and Munich Re offering a unique cyber risk management solution for cloud customers. The Allianz Cyber Center of Competence was established in 2018 and focuses on Group-wide coordination and alignment of cyber exposures and underwriting in the corporate and commercial insurance segment. 

Allianz Global Corporate & Specialty (AGCS) is a leading global corporate insurance carrier and a key business unit of Allianz Group. We provide risk consultancy, Property-Casualty insurance solutions and alternative risk transfer for a wide spectrum of commercial, corporate and specialty risks across 10 dedicated lines of business.

Our customers are as diverse as business can be, ranging from Fortune Global 500 companies to small businesses, and private individuals. Among them are not only the world’s largest consumer brands, tech companies and the global aviation and shipping industry, but also satellite operators or Hollywood film productions. They all look to AGCS for smart answers to their largest and most complex risks in a dynamic, multinational business environment and trust us to deliver an outstanding claims experience.

Worldwide, AGCS operates with its own teams in 31 countries and through the Allianz Group network and partners in over 200 countries and territories, employing around 4,400 people. As one of the largest Property-Casualty units of Allianz Group, we are backed by strong and stable financial ratings. In 2020, AGCS generated a total of €9.3 billion gross premium globally.

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