Hiscox Sharpens Cyber Focus With Creation of Virtual Business Unit
Specialist global insurer Hiscox has sharpened its focus on cyber by creating a virtual business unit (vBU) to draw together the expertise of its 70 cyber staff across the business and drive its ambitions in cyber across the Group.
Hiscox Group CUO Richard Watson, explained: "Cyber risk is a massive global challenge, and exactly where insurers can prove their worth. We have a strong brand, responsive products, the right customer base and good people in key geographies already. In bringing them together we hope to realise our ambitions in this critical area."
Hiscox currently sells cyber-specific products via brokers and carriers through its European, US, London Market and reinsurance operations, as well as direct-to-consumers through its
A number of senior appointments within the vBU have already been made, with other roles currently being recruited for:
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In addition, Hiscox has appointed dedicated experts for the vBU including a Head of Cyber Pricing, Head of Cyber Claims, Cyber Analyst, and a Marketing, Communications and Sponsorship Coordinator.
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