Bermudian-based Axis Capital Holdings Limited has appointed Lori Bailey as global head of growth in the global cyber and technology division.

She reports to Dan Trueman, the global head of cyber and technology.

In this newly created position, the company said, Ms Bailey will play a key role in shaping the team’s strategic direction.

She will focus on identifying, developing and maximising opportunities that complement the existing appetite as well as those within emerging areas of growth across geographies, products and customer segments.

“Lori’s reputation in the cyber sphere is second to none when it comes to shaping successful growth strategies and delivering rapid results,” Mr Trueman said.

“As we step up our ambition within the global cyber and technology team to identify new markets and enhance our footprint in areas where we see greater opportunity to grow with our partners, Lori’s expertise and experience will be an enormous asset to us and the wider Axis team. We’re delighted to welcome Lori on board.”

The company said Ms Bailey joins Axis from cyber-focused MGA Corvus, where, as chief insurance officer, she led the risk capital and capital procurement strategy and was responsible for actuarial, catastrophe modelling and captive management.