Cyber
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The move comes amid increasing market-wide concern over exposure to ransomware.
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The broker’s latest report points to big opportunities in cyber re and retro.
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Cyber specialist Seb Plummer will lead the operation.
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The practice leader had overseen the London arm of the RSG Underwriting Managers cell since 2018.
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The potential for a wave of class actions as a result of biometric data privacy laws has the cyber market on alert.
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The insurer said the attack impacted certain CNA systems, including corporate email.
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The initiative is designed to improve trading efficiency and reduce data double-entry.
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Sources say he is succeeded in the role by Everest’s current deputy head of cyber Ayesha West.
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The MGA aims to improve its cyber claims and incident response abilities through the deal.
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The insurance coverage aims pay for the costs of a vessel being put out of service by cyber attacks.
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The reinsurer says it is in discussion with clients and industry trade bodies on the issue.
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Catrin Shi
