New Asta-managed, Pelican-backed risk carrier Trium Cyber gets Lloyd’s nod for Jan 1

A new risk carrier backed by Jim Stanard’s Pelican Ventures has received final approval from the  Lloyd’s of London to commence underwriting business incepting from January 1, 2023.

Trium Cyber, managed by Lloyd’s third-party managing agent Asta, plans to write $50 million of gross premiums during its first year through syndicate 1322.

All of its business will be exclusively written through a binding authority with Trium’s US-domiciled services company, Trium Cyber US Services.

Trium Cyber’s executive team includes former Aspen global head of cyber, Josh Ladeau, as chief executive, and Jeff Bores, as chief underwriting officer and active underwriter of syndicate 1322.

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