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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. -
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.
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The state financial regulator says that making payments to criminals may be fueling losses.
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The report canvasses the views of chief risk officers – or equivalent executives – at 57 firms.
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CEO Phil Edmunson told Inside P&C that unlike other lines of business, there has never been a "hard" market for cyber.
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The deal follows an agreement the reinsurance broker reached in December to partner with auction platform Tremor Technologies.
