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 - formed virtual business unit ( VP ) . Meanwhile head of media James Brady has been promoted to deputy head of specialty for Hiscox UK and Ireland to be in charge of its cyber offering in the region. Hiscox currently sells cyber solutions through its US , European , London Market and reinsurance businesses , as well as through its UK retail business . The vBU will take a company - wide approach in areas such as product development , marketing and pricing .
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 - formed virtual business unit ( VP ) . Hiscox currently sells cyber solutions through its US , European , London Market and reinsurance businesses , as well as through its UK retail business . The vBU will take a company - wide approach in areas such as product development , marketing and pricing .