Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

New MGA Ascent Underwriting offers emerging cyber risk coverage

Reprints
New MGA Ascent Underwriting offers emerging cyber risk coverage

Newly formed specialist managing general agent Ascent Underwriting has begun offering coverages for emerging cyber risks aimed at the U.S., U.K., Canadian and European markets.

Its first product suite, CyberPro, is modular-based and specializes in nontangible risks such as cloud computing, data privacy, network interruption, professional liability and intellectual property issues, the London-based MGA said in a statement Monday.

Amlin P.L.C. is acting as the lead syndicate, but Ascent also has backing from four other Lloyd's of London syndicates.

Ascent is led by directors Gareth Tungatt and David Umbers. Previously, Mr. Tungatt was an underwriting manager for technology risks at the Barbican Insurance Group syndicate, while Mr. Umbers was a senior partner at Lloyd's broker Safeonline L.L.P.

Ascent is a trading division of Safeonline while awaiting independent Financial Services Authority and Lloyd's regulatory approvals. Its offices are located at London Underwriting Centre, 3 Minster Court, Mincing Lane.

For more information on CyberPro, contact Mr. Umbers at 44 (0) 203 642 8250 or david.umbers@ascentunderwriting.com.