ACE Group has announced the creation of a new independent cyber risk business unit that will help it “strengthen its local underwriting and risk management capabilities across Continental Europe and build its market leadership in this growing area of emerging risk.”
Although ACE already offers robust risk management tools, the “new cyber practice brings together, in a single expanded team, the company’s expertise across the region with the objective of empowering local decision-making and strengthening broker and client relationships for both middle market and larger accounts. It will also facilitate sharing of expertise across both Europe and ACE’s global cyber practice, driving seamless solutions for buyers.” BusinessWire has the whole story.