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The cyber MGA also named Sarah Thompson global head of sales strategy and Jack Jenner to managing director. -
Challenges in claims frequency and carrier competition are likely to remain.
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The company will now focus on growing its E&S and InsurSec offerings.
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The biggest riser in this year’s Allianz Risk Barometer was climate change.
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Groeber joined CFC as EVP in 2020 before becoming US CEO in 2023.
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The move comes after Burke’s five years as EVP of cyber and technology.
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Old Republic Cyber will focus on providing specialized cyber and technology-related coverage.
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Supply generally exceeded demand and trading relationships were strong, CEO Tom Wakefield said.
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After recording triple digit growth in 2020-2022, the US cyber market grew just 1.6% in 2023.
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Maria Long joins the cyber insurer from Munich Re as the company's deputy CUO.
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The former CEO will also serve as executive managing director within Aon’s reinsurance solutions business.
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The firm laid off senior leaders this month, weeks after it began pursuing a sale, this publication can reveal.
