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In a move that reflects the growing urgency for companies, organizations and institutions worldwide to proactively face down and mitigate cybercrime, Beazley, a longtime cyber insurance market leader, announced recently that it has combined its cyber and executive risk departments into a single division.

"The stakes are very high," Beazley's new Cyber & Executive Risk Division Head Mike Donovan said in a press release. "We're protecting critical assets — our clients' data, their operations, their senior executives, and their corporate reputations."

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Elana Ashanti Jefferson

Elana Ashanti Jefferson serves as ALM's PropertyCasualty360 Group Chief Editor. She is a veteran journalist and communications professional. Reach her by sending an e-mail to [email protected].