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James Creasy is leaving the carrier to launch a cyber book with Inigo. -
Alex Jomaa has also worked at CFC and Lothbury UK.
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The cyber specialist joins a company in growth mode, with acquisitions and new offices in London and Europe.
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The move marks a return to the MGA for Bailey, who was one of CFC’s early employees.
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Matthew Webb is a long-standing Hiscox employee, having joined the firm more than 17 years ago.
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The operation will be led by global product VP Mitesh Chauhan, who joined the cyber risk modeling firm from Entrust.
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The MGA plans to build up its presence within the Lloyd’s market.
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Mondelez had filed a $100mn lawsuit against the insurer over payment denial.
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Global cyber premiums are expected to reach $23bn by 2025 but, with predicted global annual losses of around $945bn, roughly 90% of the risk remains uninsured.
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The MGA will write the cyber business out of its recently opened Frankfurt office.
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The executive will work to develop insurance products and solutions at the MGA.
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The Richard Watson-led carrier has continued to broaden its suite of products since launching at the start of 2021.
