Cyber specialist At-Bay adds AWAC and Lockton veterans to board

At-Bay, the cyber insurance provider, has added two insurance industry veterans to its board of directors.

Scott Carmilani (pictured left) 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. Prior to this, Carmilani held numerous executive positions at AIG.

David Lockton (pictured right) recently stepped down as executive chairman at Lockton Companies after serving for nearly three decades as president, CEO and then Chairman. He remains with Lockton as its lead director.

“At-Bay is on track to become a dominant figure and leader within the insurance industry”

“At-Bay is committed to building the next generation of specialty insurance, with deep expertise in insurance and modern risk management,” said Rotem Iram, CEO and co-founder of At-Bay.

“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.”

Carmilani said: “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."

Lockton added: “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.”

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