21 Aug

Capsicum Re, the specialist reinsurance broker, is pleased to announce that Vlad Polyakov has joined its cyber reinsurance team effective immediately. He is primarily responsible for developing new products and will use his experience of direct Cyber business to bring additional reinsurance capacity into the market. Vlad will also work closely with Arthur J. Gallagher’s Cyber team to identify opportunities for growth in this class and help them provide innovative solutions to their clients. He reports to Ian Newman, a Partner at Capsicum Re and is based in London.

Vlad Polyakov joins from Lockton Companies LLP where he spent the last two years as an Assistant Vice President within the Global Technology and Privacy Practice, working with US and European insureds across a variety of sectors. Prior to this he worked in JLT Specialty’s Communications, Technology and Media Risk practice as a Technology PI and Cyber broker. Vlad began his career in JLT’s Global Risk division.

Vlad Polyakov commented: “Capsicum Re is arguably the leading cyber reinsurance broker so I am delighted to be working with them. The cyber reinsurance market is growing rapidly and with significant updates to EU privacy legislation expected next Autumn demand shows little signs of decreasing. This presents numerous opportunities and we must focus on delivering innovative products that respond to customers’ needs.”

Ian Newman, a Partner at Capsicum Re, commented: “As cyber threats continue to evolve and we become increasingly dependent on technology, there is a growing concern about the protection and security of data. As a result, the cyber insurance market is seeing an unprecedented level of interest from customers but there is insufficient capacity available to meet this increasing demand. Our focus is on building a specialist team and utilising their insight and expertise to make more capacity available to the market and help our customers take advantage of this growing class.”

Vlad’s valuable experience in this class and depth of expertise complements the knowledge we have within the team. He is well known in the market and his appointment enhances our reputation as the go-to cyber reinsurance broker.”

For further information please contact:

Capsicum Re}
Rupert Swallow
+44 (0)207 234 4075

Haggie Partners
David Haggie/ Rebecca Young
+44 (0)207 562 4444
david@haggie.co.uk/ Rebecca.young@haggie.co.uk