LONDON--(BUSINESS WIRE)--
ACE Group today announced the appointment of Kyle Bryant as Regional
Cyber Manager, Continental Europe, as it further invests in its cyber
risk practice to meet evolving customer needs.
Kyle, previously Assistant Vice President at ACE USA, will have
management responsibility for ACE’s growing cyber risk business across
Continental Europe. He will focus on bringing together ACE’s extensive
international first and third-party expertise, underwriting
capabilities, risk management and incident response services to deliver
bespoke, market-leading solutions to brokers and clients.
The appointment follows the launch of ACE’s global cyber risk practice,
established to facilitate the sharing of global expertise and drive
seamless solutions for the benefit of buyers. Working with Toby Merrill
as head of the practice and his colleagues across ACE’s global network,
Kyle will contribute to the development of the practice and execute its
strategy across Continental Europe, paying close attention to
proposition development, underwriting strategy and market relationships
locally.
Kyle will report to Grant Cairns, Regional Manager, Financial Lines for
ACE in Continental Europe and will work in close partnership with
Gilbert Flepp, Cyber Risks Manager (First Party) for ACE in Continental
Europe. His appointment is effective 1 August and he will initially be
based in London.
Kyle has over eight years of insurance industry experience in
underwriting, product management, claims and legal roles focused on
technology and professional liability risks. He joined ACE six years ago
and, most recently, his responsibilities included Regional Manager for
technology and professional liability in ACE’s US Mid-Atlantic region,
where he oversaw successful the growth of a broad portfolio of
professional liability, technology errors and omissions (E&O), data
privacy and cyber insurance risks. Previously, he was executive
underwriter for technology and professional liability in ACE’s New York
metropolitan region.
Grant Cairns, Regional Manager for Financial Lines for ACE in
Continental Europe, said:
“At ACE, we are committed to bringing together our global cyber risk
experience for the benefit of our local customers. European brokers and
clients tell us that the insurance industry still has some way to go in
meeting their expectations for clearer, more comprehensive cyber risk
solutions. With his extensive experience in the fast-maturing US cyber
market and deep expertise in third-party liability risks, I am confident
that Kyle’s appointment will help us to enhance our customer proposition
in a way that responds to these market challenges in Europe.”
Steven Reiss, Chief Operating Officer for ACE in Continental Europe,
said:
“In ACE’s research last year, European companies ranked cyber as one of
the top three emerging risks most likely to have a financial impact on
their business – while those in Germany and France awarded it first and
second place respectively. Yet every company’s risk profile is different
and there is no ‘one size fits all’ solution. This investment will allow
us to build on our strong market position, enabling us to unlock our
first and third party underwriting, risk engineering and incident
response capabilities for middle-market and global accounts alike, in a
tailored way that meets their needs.”
Note to editors:
ACE’s Emerging Risks Barometer was published in December 2013 and
surveyed executives responsible for risk management at 650 companies
across Europe, Middle East and Africa. You can download the report at http://pages.e.acegroup.com/emergingrisk/
About ACE
ACE Group is one of the world’s largest multiline property and casualty
insurers. With operations in 54 countries, ACE provides commercial and
personal property and casualty insurance, personal accident and
supplemental health insurance, reinsurance and life insurance to a
diverse group of clients. ACE Limited, the parent company of ACE Group,
is listed on the New York Stock Exchange (NYSE: ACE) and is a component
of the S&P 500 index.
Source: ACE