Allianz Global Corporate & Specialty (AGCS) recently announced the appointment of Thomas Kang (pictured) as head of cyber in North America, effective June 15, 2020. Kang is a recognized leader in the cyber insurance industry after developing his expertise during successful stints with ACE Group, The Hartford, and most recently at Willis Towers Watson, where he served as global cyber product leader from 2018.
Kang’s appointment as head of cyber in North America for AGCS will come as music to many insurance brokers’ ears. At Willis Towers Watson, he experienced first-hand – and on a global scale - the pain points that brokers and commercial clients sometimes experience when navigating the cyber insurance markets. The most consistent piece of feedback he had was that there’s too much inconsistency in the approach, the available coverage, and the policy language between the different markets. As such, one of Kang’s key initiatives at Willis Towers Watson was to simplify and streamline cyber insurance contracts in order to give brokers a more client-focused and client-friendly product to sell.
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