Trueman exits AXIS; fresh Corvus recruit takes top cyber & tech job

Bermuda-based re/insurer  AXIS Capital Holdings has promoted a recent Corvus recruit to global head of cyber and technology as Dan Trueman is exiting the business after nearly six years.

Lori Bailey (pictured) has been appointed to replace Trueman as head of cyber and technology. Based in New York, she will report to Mark Gregory, head of global markets.

In her new role, Bailey will oversee the company’s global cyber and technology team, responsible for shaping the division’s strategy, driving its profitability and growth goals, leading the global team, and further enhancing customer relationships.

Bailey joined AXIS in June 2023 as global head of growth within the global cyber and technology team. Prior to joining AXIS, she served as chief insurance officer at cyber-focussed MGA Corvus where she led the risk capital and capital procurement strategy and was responsible for actuarial, catastrophe modeling, and captive management. She previously held senior positions at Zurich Insurance Group, leading the professional liability, specialty lines and cyber underwriting functions globally. She also held underwriting and client advisory roles at AIG and Marsh.

Gregory said: “Lori is a highly regarded leader within the Cyber space and is exceptionally well-suited to run our industry-recognised Global Cyber and Technology business. She brings an established track record of leading teams, driving profitable business growth, and building strong customer relationships.”

He added: “We are deeply appreciative to Dan for his significant contributions to AXIS and we wish him the best as he begins a new chapter.”

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