XL Group plc is adding six underwriters to its U.S. cyberliability underwriting group and appointed a new VP to its Select Professional group.
"You don't have to look far to find media coverage of network security breaches that can put customer information or proprietary data in the wrong hands and tarnish a company's reputation and customer loyalty,” says Scott Schleicher, XL Group's technology and cyber risk underwriting manager. “It costs plenty for a company to recover from an online security breach or other tech failure. Businesses are realizing how vulnerable they are to technology risks and are seeing more value in cyberliability insurance. By boosting our tech underwriting capabilities, we're better prepared to address our clients' cyberliability concerns.”
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