ACE Group has introduced a global cyber risk practice to address growing risks as legislation and exposures for privacy and network security evolve around the world and customer demands for cyber risk insurance and risk management solutions grow.
To lead the new global unit, Toby Merrill has been appointed division senior vice president, global cyber risk practice. Formerly vice president and national product manager for ACE's network security, privacy, and technology E&O liability products in the U.S., Mr. Merrill will bring together the services of ACE's existing cyber risk-related business units.
Based in Philadelphia, Mr. Merrill will report jointly to Tim O'Donnell, the executive vice president of financial lines at ACE overseas general, and Scott Meyer, the division president of professional lines at ACE USA.
“ACE is already a global leader in cyber risk insurance, with specialist underwriting, risk engineering, and service capabilities spanning four continents,” said Mr. O'Donnell. “Our new global cyber risk practice represents a further commitment to provide seamless coverage for our multinational customers. Cyber risk exposures have no boundaries, and ACE is one of the few insurers capable of delivering truly global services to brokers and clients.”
“We're pleased to have Toby lead this initiative. His proven underwriting success, demonstrated industry-leading knowledge regarding emerging cyber risks, and track record in building broker and client relationships will complement ACE's strong and dynamic underwriting teams as we continue to build out our offerings to meet the evolving risks and exposures of our clients,” said Mr. Meyer. “As the cyber risk challenges that businesses face become increasingly complex and global in scope, we need to ensure that we are properly positioned to anticipate evolving customer demands. Under Toby's guidance, I am confident that ACE will be strongly placed to unlock the full benefit of our global expertise for brokers and clients, and shape future product development in a way that best matches their needs.”
Mr. Merrill has nearly 20 years of insurance industry experience, specifically in underwriting professional liability, management liability, and cyber risk exposures. In his most recent role as national product manager, Mr. Merrill was responsible for product development and overseeing underwriting operations for network security, privacy, and technology E&O liability products in the U.S., including for multinational businesses. He has authored a number of articles on privacy, network, and social media risks, and speaks frequently on cyber risk and network security topics. Mr. Merrill is a graduate of Franklin & Marshall College, where he received a Bachelor of Arts in business administration.
Learn more: www.acegroup.com.