Agency trying to meet rising demand within the cyber insurance coverage house
Mosaic Insurance coverage has introduced the appointment of David Drogin (pictured above) as senior vp and head of US cyber. The appointment comes as a part of the corporate’s international growth technique to fulfill the growing demand within the cybersecurity sector.
In his new function, Drogin will likely be primarily based in Mosaic’s New York workplace and can report back to Yosha DeLong, international head of cyber. His duties will embrace overseeing the operational and progress methods for Mosaic’s US cyber portfolio.
The appointment marks the newest addition to Mosaic’s cyber group, which at the moment consists of 23 underwriters situated in New York, Chicago, London, Toronto, Germany, Dubai, and Bermuda.
“We’re thrilled to welcome David to Mosaic as we ramp up our US cyber platform and place to turn out to be a dynamic chief on this difficult house,” DeLong mentioned. “Our continued growth is aligned with Mosaic’s dedication to the cyber insurance coverage class, and our dedication to offering risk-transfer options to policyholders, backed by a best-in-class group.”
Mosaic Insurance coverage launched its main cyber product in Might, providing a capability of $25 million throughout its underwriting hubs. The protection builds upon the corporate’s profitable extra cyber choices and makes use of syndicated capital from Mosaic’s Syndicate 1609 and its commerce companions.
Drogin has greater than 18 years of expertise within the cyber insurance coverage business, with experience in claims, product improvement, and underwriting. Previous to becoming a member of Mosaic Insurance coverage, he served because the US Northeast regional supervisor at Axis Capital and held numerous roles at ACE USA. He additionally labored as an insurance coverage protection lawyer at Wilson Elser.
“At a time when even essentially the most totally ready firms are unable to eradicate the danger of cyberattacks, the importance of cyber insurance coverage shouldn’t be understated,” Drogin mentioned. “I’m delighted to hitch Mosaic’s proficient group, and I sit up for serving to empower our purchasers to fortify their cyber resilience on this quickly growing sector.”
Mosaic Insurance coverage has just lately made a number of different additions to its cybersecurity division. These embrace Toni Gehring as assistant vp and underwriter in Germany, Kyle Grey as vp and underwriter in Toronto, Tayler Salvatore and Kimiya Malek in New York, and junior underwriters Ted Duberley and Florence Colangelo in London.
“We deal with defending various business sorts for stand-alone protection, from monetary companies to manufacturing,” DeLong mentioned. “Our goal has all the time been to help purchasers’ skill to not solely forestall an assault, but additionally decrease enterprise interruption, monetary loss, and different damages in any aftermath. The worldwide want is rising larger—and we intend to fulfill it.”
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