“We have a strong brand, responsive products, the right customer base, and good people in key geographies already. Specialist global insurer Hiscox has launched a dedicated cyber insurance unit. Gareth Wharton, ex-Hiscox CTO, has been appointed as cyber chief executive and will lead its newly-created virtual business unit (vBU). Hiscox currently sells cyber solutions through its US, European, London Market and reinsurance operations, as well as through its UK retail business. The new unit, which is expected to be operational in the first half of 2017, will focus on providing cybersecurity services for insurers across Europe, North America and Asia.
Specialist global insurer Hiscox has launched a dedicated cyber insurance unit. Gareth Wharton, ex-Hiscox CTO, has been appointed as cyber chief executive and will lead its newly-created virtual business unit (vBU). Hiscox currently sells cyber solutions through its US, European, London Market and reinsurance operations, as well as through its UK retail business. The new unit, which is expected to be operational in the first half of 2017, will focus on providing cybersecurity services for insurers across Europe, North America and Asia.