'
ProgramBusiness
 
  


  1. News Articles
  2. Related News Articles
  3. Comments
News Article Details

MGA Ascent Underwriters Offering Coverage for Emerging Cyber Risks

Source: Business Insurance


Posted on 12 Feb 2013 by Neilson

Facebook LinkedIn Twitter Google

CyberNewly formed specialist managing general agent Ascent Underwriting has begun offering coverages for emerging cyber risks aimed at the U.S., U.K., Canadian and European markets.

Its first product suite, CyberPro, is modular-based and specializes in nontangible risks such as cloud computing, data privacy, network interruption, professional liability and intellectual property issues, the London-based MGA said in a statement Monday.

Amlin P.L.C. is acting as the lead syndicate, but Ascent also has backing from four other Lloyd's of London syndicates.

Ascent is led by directors Gareth Tungatt and David Umbers. Previously, Mr. Tungatt was an underwriting manager for technology risks at the Barbican Insurance Group syndicate, while Mr. Umbers was a senior partner at Lloyd's broker Safeonline L.L.P.

Ascent is a trading division of Safeonline while awaiting independent Financial Services Authority and Lloyd's regulatory approvals. Its offices are located at London Underwriting Centre, 3 Minster Court, Mincing Lane.

For more information on CyberPro, contact Mr. Umbers at 44 (0) 203 642 8250 or david.umbers@ascentunderwriting.com.


Comments

Post a Comment
If you are a Storefront / Tradingfloor user, click here to login.
Note: As a guest user, please fill out the form below to post a comment.
Post your comments here.
Name :
Email Address :
Captcha :
Comments :
Character left : 2000