Chicago-based Ryan Specialty Group announced that it has hired Jamie Bouloux to lead the firm’s new venture into the cyber insurance market, reports Intelligent Insurer.
Bouloux will be based in London and was previously with CFC Underwriting, “where he served as the lead underwriter for the firm’s large corporate cyber facility as well as team leader for the tech and media practice.” Peter McKenna, who leads RSG’s managing general agency said that RSG has “identified cyber as a key element of our product and service portfolio as we aim to build relationships with a wide number of carriers, brokers and agents in the international insurance marketplace. The cyber market is expanding and although the underwriting dynamics seem to change on a daily basis, the market is still constrained in respect to certain industries and pricing has tightened.”
Bouloux and RSG will focus on Fortune 1000 companies and provide coverage for larger risks.