A group of cyber insurers including American International Group Inc. and Chubb Ltd. have joined to form CyberAcuView LLC, a consortium aimed at enhancing cyber risk mitigation efforts across the industry.
Other founding members of the New York-based organization, whose CEO is Mark Camillo, former London-based head of cyber for Europe Middle East Asia at AIG, are Beazley PLC, The Hartford Financial Services Group Inc., Liberty Mutual Insurance Group and Travelers Cos. Inc.
Its website says it is working with other leading direct writers of cyber insurance to invite additional participants as associate members.
A statement issued by CyberAcuView on Thursday said the company will compile cyber-related data “to enhance value and service to policyholders and help ensure a competitive market for cyber insurance.”
The statement said CyberAcuView’s founding members will use their collective expertise to provide best practices to improve resilience to cyber risk; proactively engage with regulators, law