Insurance veteran to help cyber MGA grow wholesale partnerships and expand product offerings
SAN FRANCISCO–(BUSINESS WIRE)–#cyberinsurance–At-Bay, the cyber MGA for the digital age, today announced Tom McArdle joined the company as National Broker Executive.
McArdle brings more than two decades of underwriting experience to At-Bay, most recently serving as Senior Vice President at Argo Group, where he oversaw management liability, financial institutions and E&O lines in the Central region. He previously served as Senior Vice President at AXIS, contributing to building out the management liability and professional liability book of business.
“I’m thrilled to join the incredibly talented team at At-Bay, and look forward to helping grow relationships with our wholesale partners,” said McArdle. “Furthermore, At-Bay’s ability to actively monitor the cyber risk of their insureds is a major advancement over what insurance has traditionally provided, the impact of which is evident in At-Bay’s ability to manage incidents of loss during the current turbulent market.”
McArdle joins At-Bay following its $205 million Series D funding round, co-led by Icon Ventures and Lightspeed Venture Partners, valuing the company at $1.35 billion. The cyber MGA also recently announced a new partnership with Microsoft to help customers strengthen their cyber security posture, and is working towards launching new products and expanding into new markets.
“Deepening our relationship with the wholesale community is a top priority as At-Bay continues to grow,” said Brett Sadoff, At-Bay’s Head of Insurance. “Tom brings to At-Bay nearly 20 years of experience underwriting specialty lines and cultivating lasting partnerships in the wholesale community.”
About At-Bay
At-Bay is the cyber MGA for the digital age. By combining world-class technology with industry-leading insurance expertise, we designed our company from the ground up to empower businesses to thrive in the digital world. As a Managing General Underwriter (MGU), At-Bay underwrites insurance policies through HSB Specialty Insurance Company, rated A++ by A.M. Best Company and part of Munich Re. At-Bay is backed by Acrew Capital, the HSB fund of Munich Re Ventures, Icon Ventures, ION Crossover Partners, Khosla Ventures, Lightspeed Venture Partners, M12, entrepreneur Shlomo Kramer, and Qumra Capital. www.at-bay.com
Contacts
Dan Klempay
dan@at-bay.com
