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Findings are included in the annual Cyber Readiness Report prepared by Hiscox

The firm also reported net income of $2.32 billion in the third quarter, up 13.8 per cent

The company will look to two senior executives in the reorganisation

The two veteran insurance executives become non-executive directors of the global programme manager

The deal is the first of its kind for private sector investors to buy multilateral development bank assets from Latin America and the Caribbean

Michael Grayston becomes group treasurer and chief investment officer and Sarah Thompson takes over as group chief accounting officer

Promoted executive has more than two decades of experience in the insurance industry

Veteran executive takes on additional responsibilities following the retirement of Jeff Poliseno

Bermudian-based company’s parent is Colombia’s largest power generation and multi utility company

This new development and range of solutions allows the organisations to further expand their services to support clients in the Middle East and Africa