Jamie Bouloux, formerly AIG’s head of cyber and technology liability for Europe, Middle East and Africa, has joined CFC’s corporate cyber practice.
CFC said Bouloux will be driving the development of its large corporate cyber product on a global basis.
CFC launched its specialist cyber product for large corporates last summer. Offering limits up to $40 million, the product provides broad cover for system damage and business interruption on a full non-physical perils basis and extends cover to protect companies against technology supply chain failure.
“Cyber risk is no longer just about data breaches. Since launching this ground-breaking facility last year, we’ve helped some of the world’s biggest brands secure the level of coverage they need not just for a data breach but also catastrophic technology failure and outage,” said CFC director, Graeme Newman. “Given the level of demand we’re experiencing and the continually evolving cyber risk landscape, we’re committed to driving the development of our large corporate product offering and so I’m delighted to welcome Jamie to our team.”
Bouloux adds: “Cyber insurance is in the spotlight more than ever. Governments around the world might debate security and privacy issues however insurers can’t sit back and await the outcomes. Huge global companies are at increasing risk from a growing number of cyber threats and we have a responsibility to provide cover that is fit for purpose.”
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