The entrance into the cyber segment comes after the non-life insurer’s Japan branch reported premium income of JPY28.9bn (US$183.1m) in 2025, alongside continued expansion of its specialist workforce....
Nearly half of the jurisdictions reviewed now impose revenue-linked cyber penalties, while mandatory breach-reporting requirements are in place across all but one market.
The promotion comes as Ocean Underwriting expands its liability business through a recently launched complex risks facility and additional underwriting hires.
Led by former Swiss Re Corporate Solutions and AIG executive Giuseppe Carone, the Lloyd's-backed MGA will focus on professional indemnity, cyber and management liability risks.
