Tokio Marine Kiln (TMK) today announces the appointment of Sam Bye as cyber underwriter, based in Singapore.
Bye brings more than 10 years’ experience of underwriting cyber, technology and professional indemnity risks to the role. He joins from AXA XL, where, most recently, he held the position of cyber & technology PI manager, responsible for portfolio exposure, and implementing underwriting guidelines and ransomware risk management strategy.
At TMK, he will focus on developing its cyber book, including flagship product Cyber CTRL, across Asia, Middle East, Australia and New Zealand, in response to growing client demand. This appointment follows the news that TMK has established a standalone Cyber and Enterprise Risk division to support growing client demand for expertise.
Bye will take up the role from 1 August 2023, reporting to Jamie Tang, regional underwriting director, Asia Pacific.
Tang said: “We are excited to welcome Sam to the Tokio Marine Kiln Asia Pacific Team. At a time when ransomware attacks and data breaches are rarely out of the news, Sam’s deep knowledge and expertise, backed by our locally based claims team, will provide the robust support clients need to tackle this area of risk.”
Regional managing director for TMK Asia Pacific, Pavlos Spyropoulos, said: “The specialist (re)insurance market plays a vital role in supporting the stability and development of businesses and industries across the region. We have exciting growth ambitions over the coming years and we are committed to aligning our expertise with client demand to ensure we remain well positioned for the future.”
TMK is one of the largest specialist (re)insurers on the Lloyd’s Asia platform and has an established presence in Singapore, with locally empowered underwriters and claims experts focused on specialist classes including Property, Aviation, Fine Arts & Specie, Marine Cargo, Special Risks and Accident & Health.