AmTrust Financial Services (AmTrust), a global specialty property and casualty insurer, has hired Jeffrey Batt and Michelle Ingrassia within its cyber insurance team. Batt, who joins as vice president, head of cyber strategy and innovation, will be responsible for AmTrust’s engagement with its customers and business partners and creating risk solutions. He joins AmTrust from M&T Bank where he was the cyber insurance practice leader. Previously, he has also worked at Marsh’s cyber practice as vice president. Meanwhile, Ingrassia will be vice president, cyber product and underwriting management at AmTrust, overseeing the firm’s cyber insurance offering. She joins after working at Beazley for seven years. Most recently, she was an attorney for its cyber and technology division. Prior that, she was with The Falcigno Group (now TFG Insurance Specialties) in Connecticut. The cyber insurance team is headed by Aaron Basilius, senior vice president of cyber. Commenting on the two new hires, Basilius says: “In the last year, with cyberattacks and data breaches on the rise, we have seen the demand for cyber insurance grow dramatically, especially in AmTrust’s core small business market.” He adds: “We are delighted that Jeffrey Batt and Michelle Ingrassia have joined our growing team as we build out AmTrust’s cyber insurance offerings.”
