22 May, 2023 — Leading insurance broker Bishopsgate will be utilizing cyber analytics firm CyberCube’s software to gain a competitive advantage in the cyber insurance market.
Bishopsgate is a specialist broker which operates as part of Ardonagh Specialty, which is the largest independent insurance broker in the London Market with offices around the globe. The firm will license CyberCube’s Broking Manager. Broking Manager is the first Software-as-a-Service application CyberCube has built specifically for the insurance broking community. It offers a streamlined approach to analyzing potential financial exposure impacts arising from cyber events that helps clients make informed decisions on coverages and limits.
Emma Drouineau, CyberCube Sales Associate, said: “CyberCube is thrilled to be working with Bishopsgate to help unlock new levels of service for its clients. Broking Manager will allow Bishopsgate to efficiently communicate cyber risk to clients as well as provide enhanced confidence in insurance placements.”
Henry Warner, Head of Cyber, said: “We are delighted to formalize our partnership with CyberCube. This represents the latest addition to our value proposition which centers around a consultative approach to cyber risk. We are committed to adding as much depth in value to our customer base as possible. We were impressed with Broking Manager’s large number of data sources – including internal and external security data, historical losses and enterprise data. By applying CyberCube’s specialized analytics we can utilize targeted information for our clients’ cyber risk profiles.”
CyberCube delivers the world’s leading cyber risk analytics for the insurance industry. With best-in-class data access and advanced multi-disciplinary analytics, the company’s cloud-based platform helps insurance organizations quantify cyber risk to facilitate placing insurance, underwriting cyber risk and managing cyber risk aggregation. CyberCube’s enterprise intelligence layer provides insights on millions of companies globally and includes modeling on thousands of points of technology failure.
The CyberCube platform was established in 2015 within Symantec and now operates as a standalone company exclusively focused on the insurance industry, with access to an unparalleled ecosystem of data partners. It is backed by Morgan Stanley Tactical Value, Forgepoint Capital, HSCM Bermuda, MTech Capital, individuals from Stone Point Capital and Scott G. Stephenson. For more information, please visit www.cybcube.com or email email@example.com.
Launched in 2016, Bishopsgate Insurance Brokers is an independent wholesale insurance broker, focused on classes of business where the London Market provides significant global expertise and capacity for clients. Today Bishopsgate specialises in providing Energy, Accident, Health and Contingency, International Liability and Binding Authorities and Facilities for International and North American clients. For more information visit: www.bishopsgateinsurance.co.uk/
About Ardonagh Specialty
Ardonagh Specialty is the holding company and growth platform for leading independent brokers Bishopsgate and Price Forbes. Combined, we have 1,400 colleagues globally and manage $7 billion in gross written premium. With a strong presence and deep relationships worldwide, and a steadfast commitment to investing in the best people, markets and technology, together our businesses offer open market programmes, reinsurance and international solutions designed to empower clients to achieve their strategic ambition.
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