London, 17 November 2022: Asta, the leading third-party managing agent at Lloyd’s, is pleased to announce that Trium Cyber, a new risk carrier backed by Jim Stanard’s Pelican Ventures that was first announced in September, has this week received approval from Lloyd’s to commence underwriting business incepting on or after 1 January 2023. Trium Cyber plans to write US$50 million of gross premiums during its first year.

All business will be exclusively written through a binding authority with Trium’s US-domiciled services company, Trium Cyber US Services. In addition to the service company’s broad underwriting expertise, it will also feature highly seasoned claims personnel to provide dedicated adjusting services to policyholders.

Trium Cyber’s executive team includes former Aspen global head of cyber, Josh Ladeau, as chief executive, and Jeff Bores, as chief underwriting officer and active underwriter of syndicate 1322. Together the pair have a successful track record of underwriting leadership with demonstrable technical/security acumen and strong historical performance in the evolving cyber class, which experience they now bring to Trium Cyber.