Capsicum Re adds two to market leading cyber division


Capsicum Re, the specialist reinsurance broker has announced the latest hires to its rapidly expanding cyber division.

Jasper Goring joins as a cyber broker and Prab Naidu as wordings director, both with immediate effect. They are based in London reporting into Ian Newman, global head of cyber, and Samantha Thompson, operations director for London property and specialty.

Goring joins from Paragon International Insurance Brokers where he was senior vice president and focused on cyber business in the UK and US. Before this, he was a broker at Willis and Lockton.

Naidu brings more than 16 years’ experience in (re)insurance contract wordings. He was most recently wordings manager at BMS Group and held roles at Guy Carpenter, UIB and Heath Lambert before this.

Matt FitzGerald, managing partner of the London property and specialty division at Capsicum Re, said: “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. 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.”

Ian Newman, global head of cyber, said: “Jasper is one of the leading cyber brokers in the London market. 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.

“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.”