Beazley replaces head of Asia Pacific

Specialist insurer Beazley has appointed Lucien Mounier to head its Asia Pacific operations. He will relocate from Paris to Singapore for the new role.

Mounier succeeds Gavin Hayes who, after leading the Singapore-based team for the past three years, is returning to Beazley's specialty lines division in London.

For the past two years, Mounier has been responsible for managing and growing a portfolio of cyber and technology business in France, other continental European markets and, more recently in Asia.

In the new role, Mounier will be based in Beazley's hub in the Asia Pacific region and will be responsible for developing the group's business across the region, working closely with Beazley Singapore's principal officer Byran Lee.

Beazley said that it has identified significant growth opportunities in the region for its specialist insurance products and has expanded its local underwriting and lines of business in response. In October 2017, it launched a financial lines suite of products and has plans to further develop its cyber offering in Asia Pacific.

Patrick Hartigan, who is responsible for Beazley's strategic growth initiative in the Asia Pacific region, said: "The Asia Pacific market is of strategic importance to Beazley. Our 30-strong team in Singapore has grown our business significantly over the past 12 years, and from this base we believe that there are many opportunities for us to expand across our portfolio of specialist insurance products.

"I'd like to thank Gavin for his leadership over the past three years and to welcome Lucien to the role. He has a very solid base from which to build our operations in the future and, with his background in cyber risk, is exceptionally well-qualified to help us develop this and other products for the local market."

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