Cyber insurance provider At-Bay has appointed two insurance industry veterans to its Board of Directors.
Joining the Board are Scott Carmilani and David Lockton.
With nearly six decades of experience between them, both Carmilani and Lockton bring a strong track record of innovation and insurance expertise to At-Bay’s board.
Carmilani currently serves as executive chairman of Vault Insurance Services. The former chairman and CEO of Allied World Assurance Company Holdings, he spent 20 years building the company from a small Bermuda operation into a worldwide reinsurance operation which was acquired by Fairfax in 2017.
Before this, Carmilani also served in various executive positions at AIG, including as the president and vice president of two major insurance divisions.
Carmilani , commented: “At-Bay is on track to become a dominant figure and leader within the insurance industry. They have consistently proven that with the right approach, cyber risk is insurable and can be a very lucrative line of insurance. I really look forward to helping them unlock their full potential and become a powerhouse provider for cyber and other specialty lines.”
Moreover, Lockton recently stepped down as executive chairman at Lockton Companies, after serving for nearly three decades as President, CEO and then chairman. However, he still remains with Lockton as its Lead Director.
For nearly four decades, he led the firm’s strategic vision and grew the company into the world’s largest privately owned brokerage.
Lockton is known throughout the industry for his transformational leadership, as well as fostering a strong culture of entrepreneurship and commitment to service excellence.
Lockton, commented: “At-Bay offers a great tech-enabled approach to a hugely underserved business sector. The leadership team has an impressive sense of purpose and business ethic, which I believe will set them up for success with managing this highly dynamic class of risk.”
Rotem Iram, CEO and co-founder of At-Bay, added: “At-Bay is committed to building the next generation of specialty insurance, with deep expertise in insurance and modern risk management. We are incredibly excited to have Scott and Dave join us during our next phase of growth. Their experience building and running hugely successful businesses within the industry will be invaluable to our management team and continued success.”
