Guernsey-based insurance services business Astaara Company Limited (ACL) has been launched, with the aim of better protecting maritime companies from cyber threats.
ACL is made up of three elements – Astaara Risk Management, Astaara Underwriting and Astaara Analytics. The latter will support the business's risk management and underwriting activities on one balance sheet.
At the heart of ACL is risk management solution AstaaraCyber. The company aims to work with shipowners/offshore and ports operators to navigate a route through the cyber world, making them a harder target to hit and more effective in minimising the cost and disruption following a cyber event.
Group Chief Executive Robert Dorey (pictured) commented: "The insurance business is behind the times when it comes to cyber threats to maritime companies. It is only by listening to and responding to what the maritime community needs that you can create a solution that is relevant and necessary."
Joining Dorey in the leadership team are Managing Director James Cooper and Chief Cyber Officer William Egerton.
Cooper said the business intended to constantly challenge its model, responding to the ever-changing cyber threat, and that it would be announcing more appointments in the near future.