IUA Circular 034/21

IUA Non-Affirmative Cyber Committee Mini-Webinar Series:

Part 3 of 4: 
‘Reinsurance Perspective on Non-Affirmative Cyber’  

Jennifer Braney
Cyber Specialist Broker, Gallagher Re

Jemima Hall
Consultancy Assistant, Cyber, Gallagher Re

Event Date:  Tuesday 27 April 2021

Time:  3pm/15.00hrs  (UK/London time) for approx 45mins

Check your time zone here

Subject:  This market briefing will highlight how non-affirmative cyber impacts the reinsurance market and discusses options, trends and expectations for 2021.

Contact:  Deborah Finch, IUA Events Manager (020 7617 4451)1

This is a free event, but names and email addresses of all attendees are required for registration.  Please click here to register.

Click here for event Dial-in details

Please adhere to on line etiquette during our presentations.  We kindly ask you to mute your microphone and video upon commencing the link and to use the Chat application for any  questions, which will be addressed by the speaker at the end of the presentation. We suggest dialling in at least 5 mins before the start of the webinar.

Please note that any recording of this event will be available post-event in DropBox format, subject to speaker authorisation.

The use of Information and Communication Technology (ICT) is ubiquitous and produces many benefits for society, however, its misuse or failure, whether intentionally, malicious or otherwise, (widely referred to as a cyber event) can cause individuals and companies to suffer damage and financial loss.

Each and every class of business has been impacted by this development in some way and, through a combination of factors, including regulatory pressure, insurance products are evolving in respect of silent or non-affirmative cyber coverage.

At this market briefing, our speakers will lift the lid on the reinsurance perspective on cyber risk, specifically considering the motivators for reinsurers to address non-affirmative cyber risk, which centre around concerns over potential cross-class systemic exposure. They will consider trends recognised following recent renewal periods and, looking forward, what can be expected later in 2021.

Fundamentally, attendees will understand the solutions available to address non-affirmative and increasing affirmative cyber risks, including risk frameworks and reinsurance risk transfer.

Our Speakers:

Jemima Hall
: Jemima joined Gallagher Re in August 2019 as a researcher having recently completed a Master’s Degree in Terrorism & Political Violence. 

Using her diverse knowledge of geopolitics and political violence, Jemima now works within the Consultancy practice working on various client and research projects focused around Cyber as a Peril, with emphasis on Cyber risk in other Classes.  

Previous to Gallagher Re, Jemima has experience with a Government counter-extremism division and with a D.C.-based political-military think tank and is fluent in Russian.

Jennifer Braney: Jen joined Gallagher Re in August 2019 where she is responsible for leading the consultancy practice and in particular developing services and products around non-affirmative cyber.

Prior to joining Gallagher Re, Jen spent 15 years in reinsurance underwriting, most recently at Liberty Mutual Re where she was responsible for underwriting the Cyber reinsurance portfolio and assessing cyber exposure in other reinsurance lines. Previously, she spent 7 years at Odyssey Re in the Casualty reinsurance team in London and has experience underwriting Specialty lines including Accident and Health, Terrorism, Product Recall and Surety.

Throughout her career, Jen has been passionate about knowledge-sharing and is currently a member of the Insurance Institute of London’s Reinsurance lecture committee as well as the Cyber, Tech and Innovation lecture committee, chairing the former this year.

Jen holds a BSc in Actuarial and Financial Mathematics from the University of Pretoria in South Africa and is an Associate of the Chartered Insurance Institute.

 IUA Non-Affirmative Cyber Committee Mini-Series:

Part 1/4 (10th December 2020): 'Expecting Clauses at Christmas’ with DAC Beachcroft
            (click here to request event materials)

-          Part 2/4 (13th April 2021): ‘Navigating the Cyber perils within a wider insurance portfolio’
            (click here to request event materials)

-          Part 3/4 (27th April 2021): 'Reinsurance Perspective on Non-Affirmative Cyber’ 
                                                      with Gallagher Re   

-          Part 4/4: Details to follow
DISCLAIMER: The market briefing presentation materials and speaker comments therein were prepared solely by the presenter(s) in their personal and professional capacity. Any materials or opinions expressed do not necessarily represent the views of the IUA and IUA does not bear any responsibility for, or liability to, any parties in respect of the accuracy, legality or overall content of the presentation or any other comments made by speakers or other attendees during the market briefing.

As a member of the CPD (Continuing Personal or Professional Development) Certification Service the IUA is committed to providing high quality training activities. Our market briefing events are certified as being suitable for CPD purposes. To obtain a self assessment form for any particular event please email Deborah Finch. These forms will be issued after each individual event upon request.