Cyber Insurance Leaders - Ep. 25 - Navigating the Global Cyber Insurance Landscape: Claims, Cybersecurity, and Industry Insights with Canopius - with Luke Johnson

Ep. 25 - Navigating the Global Cyber Insurance Landscape: Claims, Cybersecurity, and Industry Insights with Canopius - with Luke Johnson

06/15/23 • 47 min

Prepare for an eye-opening podcast interview with Luke Johnson, Head of Specialty Claims for Canopius, as he takes you on a journey through the intricate world of global insurance.
Discover Canopius' unique perspective on cyber claims handling, their strategic decision to establish an in-house incident response team, and their insights on the evolving relationship between cyber insurance and cybersecurity practices.
In this episode, Luke shares his thoughts on topics such as:
1. Canopius' global approach to serving clients and their focus on large open market clients
2. Unraveling the misconception about breach counsel and the importance of involving IT recovery experts in cyber incidents
3. The origins and implications of war exclusions in the cyber insurance industry
4. Insurers driving the adoption of minimum cybersecurity standards for coverage
5. Canopius' commitment to delivering superior customer service through their in-house incident response team
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About Luke:
Luke Johnson is Head of Specialty Claims at Canopius and has a wide breadth of experience in cyber claims, having been a coverage lawyer in a private practice and later working as Cyber Claims Manager before his recent promotion.
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About Canopius Group:
Canopius is a global specialty (re)insurer with underwriting operations in Australia, Bermuda, China, Singapore, the U.K., and the U.S. It underwrites through Lloyd’s Syndicate 4444 (managed by Canopius Managing Agents Limited), a U.S. surplus lines insurer, Canopius US Insurance, Inc and Canopius Reinsurance Ltd, a Bermuda-based Class 4 Insurer.
Website: http://www.canopius.com
Industry: Insurance
Company size: 501-1,000
Headquarters: London, England
Founded: 2003
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About the host, Anthony:
Anthony is passionate about cyber insurance. He is the CEO of Asceris, a company that enables its clients to respond to cyber incidents quickly and effectively. Anthony is originally from the US but now lives in Europe with his wife and two children.
Get in touch with Anthony on LinkedIn: https://www.linkedin.com/in/anthonyhess/ or email: [email protected]
This podcast is produced by our friends at SAWOO

Previous Episode

undefined - Ep. 24 - Changing the Insurance Narrative: How BOXX Is Predicting and Preventing Claims for Families and Small Businesses - with Vishal Kundi

Ep. 24 - Changing the Insurance Narrative: How BOXX Is Predicting and Preventing Claims for Families and Small Businesses - with Vishal Kundi

The cyber insurance industry has the power to redefine the meaning of 'insurance'—and that's exactly what Canada-based cyber insurtech company BOXX plans to do.
In this episode, Vishal Kundi, CEO and Co-Founder of BOXX, chats with Anthony Hess about how his company is working closely with families and small businesses to not only compensate clients after an attack, but also debunk myths, reduce risk profiles, and predict vulnerabilities to prevent claims entirely.
Vishal also offers advice to the future generation of insurance entrepreneurs and shares his thoughts on cyber underwriting and unlockable opportunities in emerging markets.
In this episode, you'll learn:
1. How BOXX is overcoming the big myths in cyber insurance today
2. Vishal's thoughts on risk selection at BOXX: “The rhino factor”
3. The novel opportunities BOXX is seeing around the world
4. An Inside scoop on what led Vishal to create BOXX
5. Advice for young professionals in the cyber industry
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About Vishal:
Vishal is the CEO and Co-Founder of rapidly growing Cyber Insurtech, BOXX Insurance. Originally from London, Vishal’s career has included roles in Hong Kong, Santiago, London, Dublin and Toronto. He launched BOXX in 2018 with a vision to make the world a digitally safer place and today works with a proven team of business builders, underwriting minds and product innovators.
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About BOXX Insurance:
BOXX Insurance Inc. helps businesses, individuals, and families insure and defend against cyber threats. Privately held with headquarters in Toronto, Canada, BOXX has global offices in Miami, Zurich, Dubai, and Mumbai. BOXX Insurance is an award-winning global cyber protection and insurance provider.
They're serious about making the world a digitally safer place; creating real, positive changes for our clients and partners, and building a lasting legacy, from what they create, inside the BOXX. Every day they're improving the digital health of businesses, families, and individuals around the world who rely on BOXX’s solutions and services to predict, prevent and insure them against cyber threats.
Website: https://boxxinsurance.com/
Industry: Cyber Security, Financial Services, Risk Management, Service Industry
Company size: 11-50
Headquarters: Toronto, Ontario, Canada
Founded: 2018
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About the host, Anthony:
Anthony is passionate about cyber insurance. He is the CEO of Asceris, a company that enables its clients to respond to cyber incidents quickly and effectively. Anthony is originally from the US but now lives in Europe with his wife and two children.
Get in touch with Anthony on LinkedIn: https://www.linkedin.com/in/anthonyhess/ or email: [email protected]
This podcast is produced by our friends at SAWOO

Next Episode

Ep. 26 - War Exclusions Under the Microscope: A Deep Dive with DAC Beachcroft Partner Julian Miller

Julian Miller was a key player in one of the most controversial changes to happen in the Lloyds market in recent years: Cyber War Exclusions.
Join host Anthony Hess as he dives deep into the fascinating world of insurance policies and the war exclusion clause with Julian Miller, a Partner at DAC Beachcroft. In this episode, they explore the evolving landscape of cyber risk coverage and the challenges faced by insurers in addressing systemic risks.
You'll learn:
1. The historical development of war exclusions and their impact on cyber risk coverage
2. The Importance of LMA clauses and how they provide essential cyber coverage for businesses
3. The innovative clauses introduced by industry leaders and the need for clarity and consistency
4. The complexities of policy wording, including defining war and addressing systemic risks
5. Insights into the broader response to systemic risks and emerging challenges
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About Julian:
Julian Miller is a coverage lawyer based in DAC Beachcroft's London office. He has had a prominent role in cyber risk, drafting war clauses, advising on ransomware, and other cyber coverage issues. He leads the firm's policy wordings team and advises on coverage disputes.
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About DAC Beachcroft:
DAC Beachcroft LLP is an international law firm with a market leading insurance practice. It has a specialist team that drafts policy wordings across all lines of business, advising insurers, reinsurers, brokers, MGAs, and captives.
Website: http://www.dacbeachcroft.com
Industry: Law Practice
Company size: 1,001 - 5,000
Headquarters: London, England
Founded: 1762
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About the host, Anthony:
Anthony is passionate about cyber insurance. He is the CEO of Asceris, a company that enables its clients to respond to cyber incidents quickly and effectively. Anthony is originally from the US but now lives in Europe with his wife and two children.
Get in touch with Anthony on LinkedIn: https://www.linkedin.com/in/anthonyhess/ or email: [email protected]
This podcast is produced by our friends at SAWOO