Asta, the third-party managing agent at Lloyd’s, announced that Trium Cyber, a new risk carrier backed by Jim Stanard’s Pelican Ventures, has received “in principle” approval from Lloyd’s.
Trium Cyber Syndicate 1322 expects to write $50 million of gross premiums during its first year of operations, commencing January 2023.
Trium Cyber’s executive team includes former Aspen global head of cyber, Josh Ladeau, as chief executive, and his long-time colleague, Jeff Bores, as chief underwriting officer and active underwriter.
Together the pair have a successful track record of underwriting leadership with demonstrable technical/security acumen and strong historical performance in the evolving cyber class, which they now bring to Trium Cyber.
Alongside coverage, Trium Cyber is establishing the provision of complementary risk management advisory services and customized real-time loss mitigation services to drive rapid claims decisions and favourable loss outcomes, to support its growth aspirations.
“The timing for the launch of Trium Cyber could not be better. Demand for coverage is significant, and while rates have risen materially in line with exposure,…
