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The Bermudian lost six underwriters and a claims specialist last week. -
The broker has added two partners and two brokers.
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US cyber underwriters may want to borrow a page from their brethren in the health insurance game when it comes to preventative measures because the numbers are not in their favor.
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Survey shows 80 percent identify breaches as top concern.
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Expenses tied to data leaks in the US rise to $7.9mn versus a global $3.9mn average.
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Richards, a security practice leader, named global head of cyber risk consulting.
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A reduction in claim severity has improved cyber loss ratios in the US, Aon said.
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Gains reflect shrinking loss ratios as premiums surge 37%, statutory filings show.
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The standards body says the move will simplify compliance and audits.
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The head of cyber innovation is widely expected to join AmTrust in London.
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She was previously head of international healthcare, technology and cyber.
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The carrier is the first insurer to roll out the service under the Tom upgrade initiative.
