ACE Adds Local Cyber Risk Expertise across Continental Europe; Launches Dedicated Cyber Risk Unit
January 28 2015 - 5:11AM
Business Wire
ACE Group today announced the launch of a new, independent cyber
risk business unit as it continues to strengthen its local
underwriting and risk management capabilities across Continental
Europe and build its market leadership in this growing area of
emerging risk.
The announcement follows research by ACE which indicates that
cyber is a “top three” emerging issue for European risk managers1
and represents a further evolution of the work of ACE’s global
cyber practice, first established in 2014.
ACE already offers comprehensive risk management and insurance
solutions for computer hardware, first and third party cyber
liability risks in key Continental European markets through a range
of specialist products. The new cyber practice brings together, in
a single expanded team, the company’s expertise across the region
with the objective of empowering local decision-making and
strengthening broker and client relationships for both middle
market and larger accounts. It will also facilitate sharing of
expertise across both Europe and ACE’s global cyber practice,
driving seamless solutions for buyers.
The practice comprises full-time dedicated cyber underwriting
experts in five markets:
- Xavier Leproux, France - based in
Paris
- Natalie Kress, Germany and Austria -
based in Frankfurt
- Daniël Jacobs, Benelux - based in
Rotterdam
- Riccardo Scalici, Italy - based in
Milan
- Tania Donoso, Spain and Portugal -
based in Madrid
The team will continue to be supported by cyber specialists in
the Nordics, Poland, Switzerland and Czech Republic within ACE’s
financial lines and technical lines teams.
ACE’s Continental Europe cyber practice will additionally
continue to benefit from specialist risk management expertise
co-ordinated by the region’s dedicated cyber risk engineer, Saïd
Dami; regional management expertise spanning both financial lines
and technical lines provided by Kyle Bryant, appointed Regional
Cyber Manager in 2014 and Gilbert Flepp, regional Cyber Risks
Manager (First Party); and underwriting guidance from ACE’s global
cyber product board.
Kyle Bryant, Regional Cyber Manager for Continental Europe at
ACE, said:
“Having asked brokers and clients what they most value from
their cyber insurance partners in Continental Europe, we know that
access to local decision-makers and the ability to build flexible
and tailored solutions are paramount. With full-time cyber experts
in five core markets, specialists in four more, and dedicated cyber
risk engineering support, ACE will be exceptionally well placed to
help deliver the service and market-leading solutions they
deserve.”
Jeff Moghrabi, Regional President, Continental Europe at ACE,
said:
“The launch of an independent cyber risk practice marks a
significant step forward in our strategy for Continental Europe. It
underlines our commitment to local, on-the-ground investment and,
at the same time, will help to make our vast global and regional
expertise available seamlessly for broker partners and clients in
this fast-developing area of risk.”
About ACE:
ACE Group is one of the world’s largest multiline property and
casualty insurers. With operations in 54 countries, ACE provides
commercial and personal property and casualty insurance, personal
accident and supplemental health insurance, reinsurance and life
insurance to a diverse group of clients. ACE Limited, the parent
company of the ACE Group, is listed on the New York Stock Exchange
(NYSE: ACE) and is a component of the S&P 500 index.
Visit www.acegroup.com/eu
1 ACE European Risk Briefing, Emerging Risks Barometer, December
2013
ACENicholas MandalasRegional Communications Manager, EMEAT: +44
20 7173 7793E: nicholas.mandalas@acegroup.com
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