Both insurers responded to a Financial Times report on their cover for the trader, which is accused of raising bank credit against invoices for trades that did not exist.
The study, based on more than 63,000 insureds, found that traditional underwriting metrics do not fully capture the complexity of an organisation’s digital footprint.
CPPIC and a Lloyd's syndicate stand behind a single policy the broker calls a world first, spanning departure, quarantine and continuing annual mortality protection.
The Cologne-based executive takes charge of underwriting strategy across Europe, Asia and Australia, stepping up from the insurer's German underwriting operation.
