M&T Bank’s Batt, Beazley’s Ingrassia Join AmTrust Cyber Insurance Team

Specialty insurer AmTrust Financial Services reported that Jeffrey Batt and Michelle Ingrassia have joined its cyber insurance team headed by Aaron Basilius, senior vice president, Cyber.

Batt joins AmTrust from M&T Bank where he was the Cyber Insurance practice leader. Previously, he was vice president in the Marsh cyber practice. From 2010-2016, he was an associate deputy general counsel at the U.S. Department of Defense. As vice president, head of Cyber Strategy & Innovation at AmTrust, Batt will be responsible for AmTrust’s engagement with its customers and business partners and creating risk solutions.

Ingrassia joins after seven years with Beazley where she was most recently an attorney for its Cyber & Tech division. Earlier, she was with The Falcigno Group (now TFG Insurance Specialties) in Connecticut. As vice president, Cyber Product & Underwriting Management at AmTrust, she will oversee AmTrust’s cyber insurance offerings.

Team leader Basilius joined AmTrust in July 2020 from Munich Re where he was head of Cyber, North America for its large risk corporate division. He served as managing counsel for Beazley’s Cyber & Tech division from 2010-2018 and, prior to that, practiced law with Wilson Sonsini in Palo Alto, Calif.

AmTrust is currently active in this large risk cyber insurance market and is also developing cyber risk products for small businesses, which will be launched later this year.

“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,” said Basilius. “We are delighted that Jeffrey and Michelle have joined our growing team as we build out AmTrust’s cyber insurance offerings.”