Beazley has appointed Lucien Mounier to head its Asia Pacific operations, succeeding Gavin Hayes who returns to Beazley's specialty lines division in London after leading the Singapore-based team for the past three years.
Mounier moves from Paris to be based in the firm’s Asia Pacific hub in Singapore, and he will have responsibility for developing Beazley’s business across the region, working closely with Bryan Lee, Beazley Singapore’s principal officer.
For the last two years in Paris, Mounier has been responsible for managing and expanding a portfolio of cyber and technology business in France, as well as other continental European markets, and also in Asia.
Beazley 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. Most recently, last October it launched a comprehensive 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."