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Underwriters in the cyber insurance market are anticipating a major payout following a ransomware attack on US technology and consulting company Cognizant. -
Qomplx was founded by two former US military officers Andrew Sellers and Jason Crabtree,
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The parent company says it’s unclear whether data has been compromised or lost.
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Elissa Doroff, Akhil Chopra and Ben Beeson have joined the business.
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Sources say the carrier’s group head of cyber Paul Miskovich has left his post.
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The appointments are effective 1 July.
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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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Umbrella covers and commercial property "hardening at fastest pace since 9/11”.
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The additional investment takes the cyber specialist’s total backing to $125mn.
