New cyber MGA Intangic snags senior Marsh exec to drive growth
Newly-launched data science-driven, London-based cyber managing general agent (MGA) Intangic MGA has hired a senior officer from broker Marsh to drive its growth and distribution.
Intangic MGA launched in March with the underwriting support of AXA XL Insurance Company UK. The company offers an innovative parametric cyber insurance cover for large public corporations headquartered in the UK, with plans to extend its offering to the US market.
Debbie Durkan (pictured) is the latest to join the start-up as commercial director to develop its growth and distribution strategy. She will focus on building relationships with the MGA’s target client base, large PLCs, brokers, and captive managers.
Durkan has more than 25 years’ experience in the insurance market and has held various senior roles in insurance broking firms. She joins from Marsh, where she served most recently as chief client officer for the UK Commercial group and was previously global head of business development at Bowring Marsh. Prior to Marsh, Durkan was a senior partner with JLT Group. She also held growth leadership roles at Gallagher.
“I am delighted with the response from key broker and client partners since Intangic MGA launched 4 weeks ago,” said Durkan. “We talk a great deal in the market about the need for innovation, and it is clear from our discussions with clients that they are embracing new ways for dealing with cyber risk.
“It is great to be working for a firm that is driving innovation forward from the perspective of a client. Intangic’s alternative approach to technology risk is exactly what major organsiations need right now. The combination of data science, and risk management, with stellar backing and knowledge of cyber risk behind the organisation was what appealed to me about this role.”
Ryan Dodd, founder and chief executive officer of Intangic, said: “The progress Intangic MGA has made since we launched has surpassed our expectations. I am thrilled someone of Debbie’s calibre is a part of the team, spearheading our growth strategy as we kick into high gear. Debbie has been an incredible asset to Intangic MGA bringing with her the knowledge and experience from working with the very companies the product is designed for. I look forward to working with Debbie as we continue on our growth trajectory, including plans to launch in the US soon.”
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