Industry veteran Robert Malone has joined Bermudian-based Axa XL as head of large accounts and portfolio management of its cyber insurance team in the Americas.

Mr Malone, who will be based in New York, reports to Michelle Chia, chief underwriting officer for cyber, select and design professional.

He was previously the VP and head of middle markets for professional liability and cyber at Zurich North America.

In his new role, the company said, Mr Malone will drive strategy and growth for Axa XL large account cyber insurance portfolio, focusing on both new and renewal business.

His portfolio management responsibilities include overseeing the performance metrics of the Americas’ cyber insurance portfolio and driving continuous improvement by utilising data analytics and conducting regular portfolio reviews to adjust to the changing cyber landscape.