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Based in Stamford, Connecticut, the executive will oversee the carrier’s cyber fac and treaty operations reporting to NA CEO Brian Quinn. -
Trium cyber is the first monoline cyber vehicle to be approved by Lloyd’s, and began writing business in January.
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According to the latest cyber and E&O report from Aon, premium rates in 2023 are expected to be more competitive than the last 24 months.
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The ongoing debate raging in London on the nuances of cyber war wordings threatens to wreak more reputational damage on the industry if a consensus is not found.
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Tom Abbotts joins from Elmore Insurance Brokers, where he was one of the founders and led the cyber, technology and fintech team.
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A memo from the reinsurer raises concerns for cyber insurers over whether they could face a coverage gap after renewals.
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The endorsement allows for broader coverage, as it includes a writeback on collateral impacts arising from a cyber operation that is carried out as part of a war.
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The cyber MGA reported that claims severity increased by 7% to an average loss of nearly $169,000, fueled by business email compromise and other types of attacks.
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Interest in distribution mechanisms such as facilities are seeing something of a resurgence in the regional SME market.
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Beazley CEO Adrian Cox told investors the carrier's cyber expectations remained “unchanged” for the year, despite predicting a slowing of growth into Q2.
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A move by Lloyd’s to exclude catastrophic state-backed cyber war has sparked debate in the market.
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The cybersecurity professional has more than 20 years’ experience.
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