Lori Bailey has been appointed to the post of head of cyber and technology at Bermudian-based Axis Capital Holdings just a month after joining the organisation.

Ms Bailey, who will report to Mark Gregory, head of global markets, is based in New York.

She joined Axis in June as global head of growth within the global cyber and technology team.

The company said: “In her new role, Ms Bailey will oversee the company’s global cyber and technology team and is responsible for shaping the division’s strategy, driving its profitability and growth goals, leading the global team and further enhancing customer relationships.

“She succeeds Dan Trueman and, in the months ahead, Ms Bailey and Mr Trueman will work together to ensure a smooth transition.”

Mr Gregory said: “Lori is a highly regarded leader within the cyber space and is exceptionally well suited to run our industry-recognised global cyber and technology business.

“She brings an established track record of leading teams, driving profitable business growth and building strong customer relationships.”

He added: “We are deeply appreciative to Dan for his significant contributions to Axis and we wish him the best as he begins a new chapter.”