An InsurTech designed to help brokers and carriers maximize their cyber business has hired a former Beazley Group executive in a leadership role.
Israel- and Massachusetts-based Sayata Labs said it hired King Flynn as Head of Insurance, tasking him with leading the company’s growth and distribution strategy to deliver maximum value to the market. He’ll report directly to CEO Asaf Lifshitz.
Sayata, which came out of stealth mode in early 2019, helps insurance carriers and brokers accelerate their mid-market cyber business while simultaneously providing insureds with real knowledge about their cyber posture so they can better resist cyber threats.
Before Sayata, Flynn spent 15 years with UK-based Beazley Group as U.S. employee #2. According to Sayata, he helped grow the carrier’s U.S. business to over $1 billion in gross written premiums (GWP). Serving as U.S. Head of Broker Relations over the course of his career with Beazley, Flynn supported the underwriting teams in generating U.S.-sourced business through brokers including cyber/data breach risks.
Before Beazley, King spent stints in the retail brokerage space at global brokers Johnson & Higgins and later Marsh & McLennan, where he was ultimately promoted to Managing Director (Marsh acquired J&H in 1997).
The Sayata team includes cybersecurity, data science, and insurance experts. Its founders are all graduates of the Israel Defense Forces’ elite Talpiot unit. CEO and co-founder Lifshitz was previously a consultant at the Boston Consulting Group.
The company disclosed $6.5 million in seed funding in March 2019, led by Elron, an Israeli early-stage venture capital firm specializing in cyber.
Source: Sayata Labs