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The ratings agency says additional standalone cyber products would help clarify the scope of cover.
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Brian Dusek will develop and grow the start-ups North America cyber portfolio and report to Yosha DeLong.
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Yosha DeLong will be cyber underwriting head, whilst James Tuplin will be international head of cyber underwriting.
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The breach analytics firm says some threat groups focused on attacking biopharma companies. -
Cassie Quaranta and Vlad Borovskyi have joined the carrier’s New Jersey and Georgia offices.
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The regulator says at least six insurers have so far had their websites compromised.
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The MGA grew run-rate gross written premiums to $150mn during 2020.
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Growing links between operational and information technology make cyber-led property damage an increasing risk.
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The new punitive measure, Proposition 24, was passed late last year by public plebiscite.
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Axa XL’s Walas also joins the Lloyd’s coverholder’s cyber team.
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Some sub-classes of the cyber market such as industrial manufacturing and retail wholesalers are seeing rate hikes of as much as 40%.
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Kevin McGowan will become vice president and Mike Shannon will be assistant vice president.
