Cyberwrite, a provider of cyber insurance products, has announced that it has appointed Allianz’s Hartmut Mai as Group President.
Mai joins the firm with more than 25 years of global insurance leadership experience.
In his most recent role, Mai served as the global Chief Underwriting Officer, and board member at Allianz Global Corporate & Specialty (AGCS).
Throughout his career, he has also served in leadership underwriting roles at AIG. Additionally, Mai led the launch of the launch of the cyber insurance policy of Allianz in Germany in 2013, and also led the Financial and Professional Liability program at insurance broker, Marsh.
Addressing his appointment, Mai said: “I am thrilled to join Cyberwrite. As cyberattacks, data breaches, and other cyber risks become more common and impact businesses globally, costs skyrocket for businesses and insurers. There is a tremendous need across the industry for better ways to underwrite risks and insure businesses quickly and in a data-driven manner. I have known Cyberwrite since 2017, and its unique patented AI technology brings to market unprecedented capabilities to reshape the future of cyber security and cyber insurance for greater profitability, resiliency, and cyber safety.”
Nir Perry, founder and CEO of Cyberwrite, also commented on the appointment: “Following our collaboration in 2022, we are excited for Hartmut to join us at full capacity to lead our insurance operations.
“Hartmut brings tremendous experience in insurance underwriting and markets management, cyber insurance, digital transformation and innovation. With Hartmut, we will continue to enable the insurance ecosystem to unlock the cyber insurance opportunity using Cyberwrite’s patented AI technology and help businesses get the coverage they need in real-time, raise their awareness to cyber risk, and reduce that risk.”
