Consideration of systemic cyber risk threatens to prevent insurers providing 'viable solutions'

Data centre web servers

Caution from insurers mindful of the systemic cyber risk is in danger of preventing the insurance market catering to the needs of businesses, William Wright, partner and director at specialist broker Paragon, has said.

Wright made the comments speaking as part of a panel on whether insurance can provide the solution to financing cyber risks during last week’s Airmic conference in Liverpool.

He had been asked by the

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Arch promotes Bottle to UK MD

Arch Insurance International has promoted senior vice president of distribution and strategy Mike Bottle to UK managing director with immediate effect.

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