US-based Trium Cyber, a Lloyd’s of London cyber specialist, has announced the opening of its London office to write coverage for clients based outside of the US.
Trium Cyber’s London office will be headed by Amie Watson as Head of International Underwriting.
The new office will be writing excess layer direct and facultative reinsurance cyber coverage for the European, Australian, Canadian, UK, Middle Eastern and Latin American markets and targeting a primary offering to be launched early next year.
“Our advanced technical underwriting, outstanding claims management and Lloyd’s A+ rated security have resulted in great demand for our services internationally,” said Josh Ladeau, CEO.
He added: “The opportunity to bring somebody of Amie’s caliber aboard to help execute the launch made the expansion an obvious decision.”
Trium Cyber writes on behalf of Lloyd’s Syndicate 1322, and is a keen supporter of multinational programs as they continue to develop the offering by building out a risk management solution tailored by geography and data analytics to inform underwriting and provide added value to their clients.
Having been in business for less than a year, the company has garnered industry attention by developing a highly sophisticated policy administration system that will support tools such as automated scoring/rating/quoting, structured security data acquisition, and disciplined risk selection.
“I’m excited for the opportunity to join a unique organization like Trium, with a singular focus on cyber and the ability to bring new products and its novel approach to perhaps the most compelling line of business in insurance today,” Watson commented.
