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Trium Cyber (Southington, Conn.), a Lloyd’s of London cyber specialist and authorized service company for Syndicate 1322, has announced that its U.S.-based service company has begun providing cyber and technology errors & omissions coverage for U.S.-domiciled risks, according to a statement from the company.
“Trium Cyber’s management team is uniquely qualified to service the U.S. market while offering Lloyd’s A+ rated security to our clients,” comments Josh Ladeau, CEO, Trium Cyber. “Our team members are known in the industry for their advanced technical underwriting, outstanding claims management and depth of experience.”
Writing on behalf of Lloyd’s Syndicate 1322, the company is backed by Pelican Ventures (Coral Gables, Fla.) and third-party capital providers. Trium Cyber reports that it has support to write as much as $50 million in gross premiums in the cyber market for 2023.
Ladeau was formerly global head of cyber for Aspen (Hamilton, Bermuda). Jeff Bores, also formerly of Aspen, will serve as Trium’s Chief Underwriting Officer. In addition to more than a decade of underwriting experience, both have earned highly coveted Certified Information Systems Security Professional (CISSP) designations, representative of differentiated technical insight.
Team of Industry Veterans
Trium Cyber characterizes itself as the industry’s first Lloyd’s-approved company providing mono-line cyber coverage for U.S. risks. The company describes itself as built around a team of industry-leading insurance and technology professionals, using its own proprietary underwriting methodology and advanced claims platform.
Trium Cyber’s management team resides in the U.S., thereby providing swift decision making and personalized service to its target client base, according to the company statement. In addition to proprietary underwriting, Trium Cyber says it will also provide clients access to complimentary cyber risk management and real-time loss mitigation services.