11 December 2018Insurance

Sompo expands US cyber insurance capabilities

Bermuda specialty re/insurer Sompo International Holdings is expanding its cyber insurance capabilities in the US by creating a dedicated US team focused on cyber offerings, an enhanced cyber and professional liability product, and an expanded suite of cyber risk management services.

Jeff Kulikowski, senior vice president, cyber and E&O (errors and omissions) underwriting, and Richard DePiero, senior vice president, US cyber product leader, will lead the practice.

“For many years, our experience in the cyber market has been a critical differentiator for Sompo International. With the introduction of our dedicated cyber solutions practice in the US, we have strengthened our ability to deliver comprehensive insurance products and services to clients in the world’s largest cyber market,” said Dan Wadley, executive vice president of Sompo Pro US.

DePiero commented: “Our expanded cyber capabilities will make it easier for companies to customize their coverage options and obtain the risk management advice, diagnostic tools and response assistance they need to protect their businesses against known and emerging cyber and network threats.”

Get all the latest re/insurance industry news with our daily newsletter -  sign up here.

More of today's news

SCOR strikes £1.2bn PIC longevity deal

RFIB hires Willis exec to lead specialty business

QBE boosts cat reinsurance protection

QBE unveils A$200m cost cutting programme

Aspen shareholders approve $2.6bn Apollo takeover

Willis swoops for Brit, Aon talent in London Market P&C boost

Don't miss our insurtech email newsletter - sign up today

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk


More on this story

Insurance
19 November 2018   Japanese insurer Sompo benefitted from lower losses from natural catastrophes in North America in the six months ended Sept. 30, 2018 compared to the same period a year ago.
Insurance
10 October 2018   Japan’s Sompo is planning for a sharp increase in the profit contribution to the group from its overseas business Sompo International Holdings (SI), Mike McGuire, chief financial officer of Sompo International, said in a presentation.