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Phil Taylor has been appointed head of Global Specialties to lead the new business

The chief executive officially steps down from the company April 1

The underwriter has more than 15 years of experience working across property and specialty underwriting in Bermuda

Susan Pateras, Alan Waring and Michael Watson have joined the board as independent non-executive directors

Bermudian-based company said new venture will enable its primary cyber insureds to proactively tackle cybersecurity threats

Acquired company is a global real estate provider offering proptech, technology solutions and business managed services

Proceeds will be used to partially fund the acquisition of 40 new narrow gauge and 40 new wide gauge trains

New recruit will lead the company’s entry into the domestic US construction market

He is to become Head of UK Branch and chief underwriting officer, subject to regulatory approval

Mahogany Bean is given opportunity to develop the international side of her practice