Rising AI adoption and deepening cloud dependencies are amplifying cyber risks as interest in cyber insurance continues to build, according to Munich Re.
He brings over 25 years of experience in credit insurance, banking, and financial services, with a recent role as managing director at National Credits Insurance (Brokers).
Asia is expected to drive 54% of the global rise in business insolvencies in 2026–2027, with the company forecasting APAC cases up 7% this year and 3% next year.
The vehicle will support business from the firm’s Portfolio Solutions team, which targets opportunities from its MS&AD network and Lloyd’s initiatives.
The facility, which aims to provide coverage of US$500m each for hull war and cargo war, will be backed by Lloyd's syndicates and will remain open to third-party capital.
