Barbican exec appointed LMA cyber chair
The Lloyd’s Market Association (LMA) has elected Geoff White as chairman of its newly-created cyber business panel.
White currently serves as underwriting manager of cyber, technology and media at Barbican Insurance Group.
Tom Allen, head of technology liability and data protection indemnity at Aspen, has been elected as deputy chair.
With 21 members drawn from syndicates writing cyber business at Lloyd’s, the panel’s role is to identify issues of interest or concern to Lloyd’s underwriters relating to cyber risk.
It will also assist in revising wordings and will respond to requests for information from the Lloyd’s underwriting community.
The panel is currently co-operating with Lloyd’s on a range of issues including aggregation monitoring and systemic risk modelling.
White said: “I'm very excited to be nominated as chair of the cyber LMA panel for its inaugural term. Lloyd’s is at the forefront of innovation in the cyber insurance sector, and the formation of this panel further demonstrates the commitment both at a market and syndicate level to meet head-on the challenges of this complex and constantly evolving class of business.”
Tony Ellwood, the LMA’s senior executive, underwriting, said: “The formation of this panel is a reflection of the heightened profile of cyber risk in the Lloyd’s market and its growing impact on other classes of business. It will be a source of real expertise and a forum for discussing the latest developments in what is a fast-moving class.
“It’s very pleasing that we’ve been able to attract some of the market’s highest profile cyber underwriters to join the group.”