Specialist technology underwriter Rick Welsh has joined AEGIS London to launch a cyber insurance book for the Lloyd’s managing agent.
The business will be written via a consortium of Lloyd’s managing agents, formed and led by Welsh, called the Aegis Cyber Consortium.
Welsh will be targeting cyber insurance business globally, providing innovative solutions for both complex risks and SMEs. The consortium will offer a broad range of cyber coverage including privacy, technology liability, intellectual property, media liability, network security and business interruption.
With over 24 years’ experience in the insurance industry in both UK and Australian markets, Welsh has written cyber insurance since 2000 for leading carriers including ACE, Novae and Aspen UK. Prior to this, he underwrote financial institutions business for AIG Europe and Gerling.
Welsh will report to Alex Powell, AEGIS London’s head of property.
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