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The executive will take the CFO role at the Preservation Capital-backed cyber specialist.
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The new business segment will be led by Patrick Bousfield.
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The insurer will separate its short-tail cyber portfolio from longer-tail casualty risks.
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Increased litigation and compensation claims from GDPR can also fall squarely onto the shoulders of the liability market
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Between 2013 and 2016, ransomware accounted for just 16 percent of cyber claims at AIG Europe.
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Emea cyber head Mark Camillio says the new data rules add a negotiating tool for extortionists. -
Marsh beefs up US cyber team by adding JLT Specialty, Lockton and Aon veteran.
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Direct cyber premiums written by US P&C insurers rose nearly 32 percent to $1.8bn.
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The InsurTech cyber underwriter is licensed as an MGA in 50 states.
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The insurer has formed a team headed by its casualty business CUO to deal with driverless cars and other such vehicles.
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The Zurich NA executive agrees with the view that dedicated coverage towers must be built.
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Cyber insurer raises additional funds in Series A financing.
