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Monday, May 6, 2024

Tokio Marine names head of cyber claims & incident response


Tokio Marine HCC’s Cyber & Skilled Traces Group (CPLG) has appointed Catherine Lyle as senior vp and head of the cyber claims and incident response division.

Within the newly created place, Lyle will report back to CPLG president Michael Palotay. 

She might be answerable for managing and creating the cyber claims division and incident response staff of the group.

Palotay stated: “Catherine is a rare expertise whose mastery of cyber claims and protection throughout a number of carriers might be important to our success within the subsequent development part. 

“Her cyber data provides one other layer of danger experience to our group as we proceed to carry best-in-class safety options to the people and companies we shield.”

Lyle has greater than 20 years of expertise within the insurance coverage sector. 

Previous to becoming a member of Tokio Marine, she was the claims head at Coalition. Throughout her time at Coalition, Lyle performed a key function in increasing the claims staff in a span of some years. 

She additionally centered on the decision of cyberattacks and collaborated with underwriting to ensure exact coverage wording for insureds throughout her tenure at Coalition. 

Commenting on the brand new function, Lyle stated: “Tokio Marine HCC has an unbelievable duty to mitigate cyber threats and restore assaults so that companies can return sturdy into the economic system and assist propel development. 

“I sit up for utilizing the data that I’ve realized from leaders across the globe to construct upon the corporate’s current claims-handling construction and work with brokers and insureds in order that maximum-protection insurance policies are in place.”

Earlier this month, Tokio Marine entered a collaboration with Clir Renewables to ship data-driven danger assessments for renewables insurance coverage providers in Brazil.

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