Tokio Marine HCC business boosts cyber capabilities with senior appointment

Tokio Marine HCC business boosts cyber capabilities with senior appointment | Insurance Business America

Tokio Marine HCC business boosts cyber capabilities with senior appointment

California-headquartered Tokio Marine HCC – Cyber & Professional Lines Group (CPLG or group) has appointed Jacob Ingerslev as its new vice president of cyber & tech in the US.

Ingerslev has over 20 years of underwriting experience across the US, European, and Lloyd's insurance markets. He will join Tokio Marine HCC CPLG from The Hartford, where he had been the chief underwriting officer for the cyber risk and technology E&O (errors and omissions) business for the last five years. He also served as the head of US technology E&O, cyber, and media liability at CNA, having first established the company's cyber and technology practice in Europe.

In his new role, Ingerslev will develop all aspects of Tokio Marine HCC CPLG's cyber proposition, focusing on broker relationships, ongoing technological innovation, and product development to accelerate the group's continued growth.

Tokio Marine HCC CPLG president Michael Palotay said having Jacob on the team will be crucial in delivering on the business's commitment.

“Over the past few years, we have invested in AI and advanced analytics to predict threats to help protect our customers, building a reputation that will only be enhanced with Jacob joining the company,” Palotay said. “As the cyber landscape evolves, we are committed to developing products and services to meet the evolving threats and ensure our clients have the best risk management tools and resources available to them.”

Commenting on his appointment, Ingerslev said: “This is a great time to be joining the Cyber & Professional Lines Group, as we help our clients stay ahead of the ever-evolving cyber security threats.”

He added: “We have a market-leading product offering that is hard to beat and in-house expertise that few can match. I'm incredibly excited about the opportunity to work with a team that uses cutting-edge technology to ensure our clients are informed and resilient when it comes to the cyber risks they face.”

Ingerslev's entrance to the group follows the revamp of Tokio Marine HCC International's (TMHCCI) transaction risk insurance (TRI) division to capitalize on the elevated mergers and acquisition activity worldwide.