tom-quay-cyber-practice-leader-acrisure-re
Tom Quay, Cyber Practice Leader, Acrisure Re
14 June 2021Insurance

Acrisure Re launches cyber reinsurance division in partnership with Kovrr

Acrisure Re, the reinsurance division of global insurance broker and fintech services provider Acrisure, has launched a London-based cyber reinsurance division, in partnership with cyber risk modeler,  Kovrr.

The new division is led by Tom Quy, Acrisure’s cyber practice leader. It promises to offer a fresh perspective on cyber reinsurance, by combining the knowledge of its broker network with its own analytics capabilities.

Kovrr provides an additional layer of expertise, providing clients with transparent and data-driven risk analysis. Kovrr’s platform allows clients to stress test their portfolios and identify loss drivers and areas of accumulation risk.

Jason Howard, chief executive officer (CEO) at Acrisure Re, said: “The cyber market has experienced significant challenges in recent months, resulting in a hardened market. As such, this has presented us with an opportunity to offer a product which combines our collaborative advisory and analytical capabilities with Kovrr’s unique approach to risk modelling.”

Quy said: “Over the past couple of years, I have worked with the Acrisure London Wholesale team to expand its cyber offering and I am excited to be doing the same for Acrisure Re. Our partnership with Kovrr will add a new dimension to our existing expertise. Modelling the impact of cyber incidents on an insurer’s portfolio is key to supporting the further growth of the cyber reinsurance industry, and our partnership will enhance our ability to be at the forefront of this.”

Yakir Golan, CEO of Kovrr, added: “It’s clear that reinsurance brokers are a fundamental asset to the cyber insurance value chain and that they’ve placed great merit on cyber expertise as an important qualifier for modelling cyber risk.”

Did you get value from this story?  Sign up to our free daily newsletters and get stories like this sent straight to your inbox.

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
20 September 2021   The new recruits will oversee its strategic advisory and capital raising activities across ILS, funds at Lloyd’s and M&As.
Insurance
9 August 2021   The new hire has formerly worked at Guy Carpenter, JLT and Willis Re North America.
Insurance
21 June 2021   The reinsurer wants to enhance its cyber underwriting and pricing capabilities.