XL Catlin expands its cyber team

Duane Folkard has been hired by XL Catlin to bolster the cyber team headed by James Tuplin. Folkard joins from Willis Towers Watson and held the position of divisional director for cyber and technology, media and telecoms. Before his two year stint at Willis, Folkard was vice president for professional indemnity lines at Marsh in London. In his new role he will report to Tuplin who joined earlier in the month having left QBE Europe in January. The appointment of Folkard will see the XL Catlin team return to the numbers it had 12 months ago before a number of underwriters left the company. Cyber teams in the London market have been fairly fluid recently as more and more carriers look to enter the market. Companies who have seen their cyber team’s change in recent months include Allianz and Barbican. Competition for experienced cyber specialists will likely intensify as teams grow and more carriers enter the market.