Reinsurance broker Capsicum Re has appointed Jasper Goring as a cyber broker and Prab Naidu as wordings director.
Goring joins from Paragon International Insurance Brokers where he was senior vice president with a focus on cyber business in the UK and US.
He was employed at the broking house from 2015, spending nearly five years before that as a broker at Willis. Prior to that he worked at Lockton, according to his LinkedIn profile.
Naidu was most recently wordings manager at BMS Group and has previously held roles at Guy Carpenter, UIB and Heath Lambert.
Both will be based in London and report to Ian Newman, global head of cyber, and Samantha Thompson, operations director for London property and specialty.
“The cyber sector is progressing at an unparalleled pace; we anticipate it will be as big a sector of the market as property and casualty so it is a key focus area for the business,” Matt FitzGerald, managing partner of the London property and specialty division at Capsicum Re said.
“I am pleased to welcome another two excellent hires to our growing team, reinforcing our position as the largest dedicated cyber reinsurance broking practice in the UK and North America,” he added.
“Jasper is one of the leading cyber brokers in the London market,” Newman said.
“His expertise and in-depth understanding of cyber in multiple markets complements and strengthens our knowledge, ensuring we remain effective in placing cyber reinsurance from both our London and New York offices,” Newman went on.
“Creating innovative and modern wordings is key in ensuring Capsicum Re remains at the forefront of product development so Prab’s expertise is a real asset.”
“He is a highly regarded wordings specialist and working alongside our partner, Hogan Lovells, he will construct market leading wordings that ensure our clients are equipped to deal with the cyber risks they face.”