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EmergIn Risk renews cyber binder, names Paraskeva to London cyber team

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EmergIn Risk has reached an agreement on a new cyber binder and added cyber expert George Paraskeva to its London team.

RenaissanceRe, which has worked with EmergIn Risk since 2016, continues to lead the company’s program, running from July 31.

It provided no more specifics but said EmergIn, a Ryan Specialty Group managing general underwriter, is “positioned to assist with both new business and renewals without concerns around premium income limits or capacity issues restricting the ability to deploy capital”.

EmergIn said Paraskeva joined as cyber practice lead in its London office.

A longtime cybersecurity expert, Paraskeva worked with Merrill Corp and BAE Systems before migrating to the insurance market in 2014 as information security officer for MS Amlin. He worked briefly with Sciemus in 2016 before joining Occam Underwriting later that year as cyber security director and underwriting lead.

EmergIn CEO Jamie Bouloux said in a statement: “We are delighted to welcome George into EmergIn. His background, expertise, and market following are not only invaluable in managing the London practice but to the wider EmergIn franchise as we continue to navigate the current market cycle.”

The company also announced the promotion of Peter Williams to the newly created role of distribution lead.

Williams has 11 years’ experience in the London insurance market, starting as a broker with Hyperion and then Integro Insurance Brokers before he became a senior underwriter with RSG Underwriting Managers.

He joined EmergIn Risk nearly six years ago, initially as a cyber and technology underwriter. In his new position, he will drive strategy and ensure a unified approach in delivering risk transfer solutions to the market.

Paraskeva and Williams are among a team of 18 in London and New York, serving the North American, European and UK-based markets.

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