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The broker said the burgeoning class of business was still finding its stride. -
Despite a softening market, carriers still have belief in their profitability, sources said.
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Graeme Bell (pictured) will continue in his role as group legal officer.
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Theo Norris joins from Gallagher Re, which brokered one of the first 144A cyber cat bonds.
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Many cedants secured aggregate and subsequent coverage at 1 January.
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O’Brien was previously head of cyber centre of excellence for international at Guy Carpenter.
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The deal has reduced the carrier’s one-in-250-year cyber loss scenario from $651mn to $461mn.
