Recently-launched Trium Cyber reports being the first Lloyd’s-approved provider of mono-line cyber coverage for U.S. risks, with the ability to write up to $50 million in gross premiums this year.
Its focus is on customers with > $1b revenue.
“In the large market segment, there is a greater emphasis and investment in security and their IT redundancies – or their ability to use secondary and tertiary solutions in the event they have a cyber incident, (CEO Josh Ladeau) said. ‘Some businesses have the ability to run their systems offline, allowing them to maintain business operations even during an outage.’”
This profile of Trium Cyber is the inaugural article in a regular series of Company Spotlights, published by Insurance Journal, which cover the insurance
Source: Insurer Startup Trium Cyber Finds Path to Profits, With Large Business Focus