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The appointments are effective 1 July.
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Median losses rise six-fold to $57,000 in the 12-month period surveyed, but the proportion of firms experiencing a cyber events falls. -
Allianz Global Corporate & Specialty (AGCS) has launched a new cyber insurance product, supported by recent new appointments to its UK cyber team.
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Former Zurich underwriter Michela Moro and CFC’s Lewis Bennett join the team.
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The marine cyber MGA and risk manager was launched last year by ex-Standard Syndicate 1884 active underwriter Robert Dorey.
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The new recruit will lead the carrier’s US open market business.
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The broker said the increase was driven by an uptick in average claims frequency.
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Cyber incidents involving manufacturers jumped by 156 percent, according to the study.
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Bryan McCalister has joined the specialist MGA as it forges ahead with expansion plans.
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Thomas Kang joins Allianz from Willis Towers Watson.
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The former regional leader gains a promotion.
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The former actuary will report to head of international and financial lines Andrew Scott.
