On Wednesday, June 17, Advisen hosted our 2nd annual Cyber Risk Awards at a gala dinner event at the Grand Hyatt in New York City.
Tom Srail of Willis returned to headline this year's program and was joined by CFC Underwriting’s Graeme Newman and XL Catlin’s Jeremy Gittler.
Unlike other industry award presentations that kowtow to advertisers, Advisen’s Cyber Risk Awards are bestowed by “People’s Choice” and leverage Advisen’s vast contact database of over 40,000 P&C professionals who care about Cyber Risk.
Advisen Cyber Risk Awards - Nominees & Winners
Nominees and winners were selected across 9 categories, as voted by industry peers. The nominees and winners include:
Advisen’s Cyber Risk Network 2015 Person of the Year honoring
- Richard J. Bortnick of Traub Lieberman Straus & Shrewsberry LLP
Cyber Risk Industry Person of the Year - USA
- Roberta Anderson, K&L Gates
- Ben Beeson, Lockton
- Rick Bortnick, Traub Lieberman Straus & Shrewsberry
- Tracie Grella, AIG
- Chris Keegan, Beecher Carlson
- Josh Ladeau, Allied World
- Sylvia Menetre, BB&T
- John Merchant, Freedom Specialty
- Toby Merrill, ACE
- John Mullen, Lewis Brisbois Bisgaard & Smith
- Catherine Mulligan, Zurich
- Robert Parisi, Marsh
- Matt Prevost, ACE
The "cyber people" have voted, and the winner is: Toby Merrill of ACE Group
Cyber Risk Industry Person of the Year - London
- Lyndsey Bauer, Paragon International Insurance Brokers
- Kyle Bryant, ACE
- Mark Camillo, AIG
- Chris Cotterell, Safeonline
- Lisa Hansford Smith, XL Catlin
- Matthew Hogg, Liberty Specialty Markets
- Graeme Newman, CFC Underwriting
- Sarah Stephens, JLT Specialty
- Stephen Wares, Marsh
- Rick Welsh, Aegis
The "cyber people" have voted, and the winner is: Graeme Newman of CFC Underwriting
Cyber Risk Industry Person of the Year - International
- Matthew Clarke, Berkshire Hathaway
- Kevin Kalinich, Aon
- Xavier Marguinaud, Marsh
- Javier Mercado, AIG
- Sirikit Oh, Willis
- Emily Poh, Berkshire Hathaway
- Ian Pollard, Delta Insurance
- Marcel Van Peenan, ACE
- Luc Vignancour, Marsh
The "cyber people" have voted, and the winner is: Marcel Van Peenen of ACE Group
Cyber Risk Event Response of the year
- ACE
- AIG
- AllClear ID
- Beazley
- Beecher Carlson
- Epiq Systems
- FireEye / Mandiant
- Kivu Consulting
- Kroll
- Lewis Brisbois Bisgaard & Smith
- RiskAnalytics
The "cyber people" have voted, and the winner is: Beazley
Cyber Risk Pre-Breach Team of the Year
- ACE
- AIG
- ePlace Solutions
- Lewis Brisbois Bisgaard & Smith
- McDonald Hopkins
- NetDiligence
- Risk Analytics
The "cyber people" have voted, and the winner is: NetDiligence
Cyber Risk Innovation of the Year
- ACE - Loss Migitation Services: "ACE's loss mitigation services are the first of its kind in the industry. The selection of vendors available allow an insured to mitigate against breaches before an event through training, preparation and assessment with multiple options available to every type of insured."
- AIG - CyberEdge: "AIG’s CyberEdge also provides insureds with RiskAnalytics’ advanced shunning service, RA IntelliShun, to protect their networks from criminal attack. RA IntelliShun is a new layer of defense that’s different from traditional network defenses — it actually prevents loss from criminal attacks, rather than simply reacting to network incursions after the fact. In the past year alone, RA IntelliShun prevented more than 1.9 billion attempted attacks on the networks of AIG insureds."
- Allied World - Privacy 403 SRVS Insurance Product: "New Privacy and network security product has changed the conversation and perception of how to best prepare for and respond to breaches."
- Beecher Carlson - CyberSelect™ Loss Model: "Developed by compiling cost information from the largest breaches, fees charged by breach response vendors and information derived from independent Beecher Carlson research. This combined information was then used to create the CyberSelect Loss Model which can aid in estimating the impact of each input in mega-breach events."
- Bitcoin - BitGo Theft Coverage: "Designed for BitGo, by XL Group and Innovation Insurance Group - this first of its kind coverage protects BitGo customers who opt-in to the program which protects them from acts, errors, or omissions of BitGo technology, processes, and employees, including external hacking incidents and employee theft. Both hot wallets and cold storage are eligible for coverage in the policy."
- BitSight - Security Ratings for Cyber Insurance: "Through it’s innovative product, BitSight Security Rating for Cyber Insurance, BitSight is helping insurance carriers, reinsurers and brokers address the challenges of measuring security risk in the enterprise. The BitSight Security Ratings platform gathers information continuously and objectively about the security performance of insureds and applicants. With this solution, insurers are able to seamlessly identify and measure the risk associated with underwriting cyber liability. This automated service analyzes, rates, and monitors security performance, all from outside the company being rated, eliminating subjectivity and expanding visibility through continuous monitoring. Through the actionable information that BitSight Security Rating for Cyber Insurance provides, insurers can improve underwriting effectiveness, reduce claims costs and provide specific security performance data to their clients."
- Marsh - Cyber Ideal: "Cyber Ideal for being the first privacy modeling tool to bring true analytic discipline to the task. Cyber Ideal uses stochastic modeling and Monte Carlo simulation to provide clients with insight into the real costs of a privacy breach."
- RiskAnalytics: "RiskAnalytics provides us with a comprehensive CyberSecurity solution that addresses our end user training assignements, and management as well as a good policy and procedures management capabilities. We also use their Autoshuning solution which has proven a good addition to our border security environment."
- Safeonline: "Creating cyber vertical products for lawyers, FI's and assisted living facilities with an online system. Build bespoke online solution to deliver Cyber insurance products to specific industry sectors. Streamlined process and enhanced service delivery."
- Verizon Communications - Dave Cammarata, Danielle Roth and Josh Dean: "Verizon's risk management department is at the cutting edge in it's approach to risk management. RM is fully a part of the IT security, legal, Business Enterprise Solution teams so that insurance solutions keep pace with emerging cyber risks."
- William Gallagher Associates' - Cyber Risk Hub.com: "An open-source knowledge platform launched in Q1 2015 that allows thought leaders from across the insurance industry to share information related to cyber security, data breaches, and privacy."
The "cyber people" have voted, and the winner is: ACE Group – Loss Mitigation Services
Cyber Service Vendor of the Year
- AIG
- AllClear ID
- Beecher Carlson
- BitSight Technologies
- Epiq Systems
- FireEye/Mandiant
- Kivu Consulting
- Lewis Brisbois Bisgaard & Smith
- McGladrey
- Navigant
- NetDiligence
- Risk Analytics
- Wombat Security Technologies
The "cyber people" have voted, and the winner is: AIG
Best Cyber Risk Broking Team
- Aon
- BB&T
- Beecher Carlson
- DeWitt Stern
- JLT Specialty
- Lockton
- Marsh
- Paragon International Insurance Brokers
- Safeonline
- Wells Fargo
- Willis
The "cyber people" have voted, and the winner is: Marsh
Best Cyber Risk Insurer
- ACE
- AIG
- Allied World
- Aspen
- Axis
- Beazley
- C N A
- CFC Underwriting
- Chubb
- Endurance
- Liberty International Underwriters
- NAS Insurance
- Philadelphia
- Travelers
- XL Catlin
- Zurich
The "cyber people" have voted, and the winner is: AIG
