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The fine relates to a breach that took place in 2017, where hackers were able to access the data of 13.8 million UK consumers. -
Former Tokio Marine Kiln cyber underwriter Alex Jomaa is CUO for the firm and head of UK.
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Plus this week’s people moves and all the top news from this week.
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The centre will identify, define and categorise cyberattacks in a similar way to catastrophe events.
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The report also stated that digital technology could generate savings of 10%- 20% in other processes in the value chain.
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A report from the firm warns that the market needs to upskill on cyber.
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AI development is creating new risks for insurers to assess as multiple key trends suggest it will evolve into a standalone insurance product like cyber-risk.
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The company’s Las Vegas casinos were hit by a cyberattack last month where employee login details were stolen.
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The MGA has promoted Rehan Hussain to head of underwriting for international and Tom Ryan to head of cyber for UK, Ireland and the Nordics to guide the expansion
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Insurance Insider has analysed premium growth trends across Lloyd's and the company market for 2022.
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Head of underwriting Matthew Waller welcomed an FCA letter that called for policy wordings that are clear and that customers understand the coverage they are buying.
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Bianconi joined Aspen in 2016 and has held a number of roles including, most recently, as head of US cyber.
