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NRRA, Networking &
Education to Be Focus
of New NAPSLO Prez
organization for specialty lines and
wholesale distribution, and this
organization has an outstanding his-
tory,” says Sargent. “I am honored
and privileged to be elected NAPSLO
president for the coming year.”
Reflecting on matters of
urgency for the coming year of his
leadership, Sargent says the No. 1
priority for the association and its
By Mark E. Ruquet
Robert Sargent, the incoming president of the National Association of Professional Surplus
Lines Offices, is president, CEO
and a founding partner of Tennant
Risk Services. The firm, founded in
1987, specializes in employment-practices liability insurance, including cyber risk.
Sargent himself has
over 25 years of experience dealing with professional liability, starting on
the company side of the
business in both actuarial
and underwriting. He has
also worked as a reinsurance broker.
He has a long association with NAPSLO, serving on the
executive board and on carrier advisory boards. He served as NAPSLO’s
vice president the past year.
“This is a critically important Sargent continued on page 4 A
“This is a critically important orga- nization for specialty
lines and wholesale
distribution, and this
organization has an
outstanding history.”
Robert Sargent, incoming
NAPSLO president.
members is the implementation of
the Nonadmitted and Reinsurance
Reform Act (NRRA). This is the
With Risks and Dangers
Increasing, Cyber-Risk
Coverage Poised for
Explosive Growth
By Dave Lenckus
The risk of suffering a cyber attack is expand- ing for businesses of all shapes and sizes—and
the damages associated with a
breach are getting costlier, with the
losses easily reaching the multi-million-dollar level, even billions in
rare cases.
As a result, many more insurers are now offering increasingly
broader cyber-risk policies, driving
up capacity.
Yet most companies outside
of financial institutions and the
healthcare industries are not covered for the myriad third-party
liability and first-party property
risks they assume when collecting,
storing or otherwise using consumers’ personal information, insur-
ance and cyber-risk experts say.
IDENTIFYING THE DANGERS
“Underwriters realize that
everyone is vulnerable” to a systems
attack that could compromise their
customers’ or clients’ personal-identification information—or
their own or their business partners’ intellectual property, observes
Cyber-Risk continued on page 4 A
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