SAN FRANCISCO–(BUSINESS WIRE)–Feb 15, 2022–
At-Bay, the cyber insurance coverage supplier for the digital age, in the present day introduced Stephanie Lynch and Adam Petrone joined the corporate as Head of Reinsurance and Head of Insurance coverage Operations and Technique, respectively. Following a monumental 2021, throughout which the corporate closed $205 million in funding on a $1.3 billion valuation, and launched new partnerships with Microsoft and Cloudflare, Lynch and Petrone will assist the corporate scale reinsurance and operations to take care of upward momentum.
This press launch options multimedia. View the total launch right here: https://www.businesswire.com/information/dwelling/20220215005257/en/
Adam Petrone, Head of Insurance coverage Operations and Technique, and Stephanie Lynch, Head of Reinsurance at At-Bay (Photograph: Enterprise Wire)
Lynch joins At-Bay to guide the corporate’s reinsurance technique and placements. On this position, she’ll deepen and broaden the corporate’s relationships with reinsurance companions to attain capability needed for progress of the corporate. Lynch most lately served as Vice President at Security Nationwide Re, the place she was targeted on underwriting the rising skilled legal responsibility portfolio, and earlier than that Arch Re, the place she labored in an actuarial reserving and monetary reporting capability earlier than transitioning to underwriting, specializing in skilled legal responsibility.
“I’m thrilled to affix the extremely proficient and progressive group at At-Bay, and look ahead to rising relationships with our reinsurance companions,” stated Lynch. “At-Bay’s skill to actively monitor the cyber threat and vulnerabilities of their insureds is a serious development over what insurance coverage has historically supplied, the impression of which has been clearly demonstrated in how the corporate has been in a position to hold extremely low loss ratios regardless of the risky market.”
In his new position, Petrone will oversee the strategic deployment of insurance coverage operations and underwriting assets to drive scalable progress. Petrone most lately served as Senior Vice President at Hiscox, main the Northeast area of the U.S. dealer enterprise. Whereas there, he held P&L duty and owned enterprise planning for 12 product strains and greater than 20 underwriters.
“It may be powerful to interrupt by in insurance coverage as a result of your repute is every part, but At-Bay has rapidly managed to take action and differentiate itself by offering superior threat evaluation and prevention strategies,” stated Petrone. “We’re an exterior steward of enterprise’ safety posture and supply common suggestions all through the lifetime of a coverage — only a few insurance coverage markets are doing that to maintain companies protected.”
About At-Bay
At-Bay is the cyber insurance coverage supplier for the digital age. By combining world-class know-how with industry-leading insurance coverage experience, At-Bay was designed from the bottom as much as empower companies to thrive within the digital world. At-Bay is backed by Acrew Capital, Glilot Capital, the HSB fund of Munich Re, Icon Ventures, ION Crossover Companions, Khosla Ventures, Lightspeed Enterprise Companions, M12, entrepreneur Shlomo Kramer, and Qumra Capital. www.at-bay.com
View supply model on businesswire.com:https://www.businesswire.com/information/dwelling/20220215005257/en/
CONTACT: Jackie Grey
KEYWORD: EUROPE UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: TECHNOLOGY INTERNET PROFESSIONAL SERVICES INSURANCE
SOURCE: At-Bay
Copyright Enterprise Wire 2022.
PUB: 02/15/2022 08:00 AM/DISC: 02/15/2022 08:02 AM
http://www.businesswire.com/information/dwelling/20220215005257/en
Copyright Enterprise Wire 2022.