INSURANCE INDUSTRY VETERANS ADRIAN SCOTT AND JOHN BASKAM JOIN RIDGE INSURANCE SOLUTIONS
Scott and Baskam Add 45 Years Combined Insurance Experience
WASHINGTON, D.C. (May 27, 2015) – Gov. Tom Ridge today announced the additions of insurance industry veterans Adrian Scott and John Baskam to the Ridge Insurance Solutions team. Scott joins as
Executive Vice President & Chief Underwriting Officer and Baskam as Executive Vice President & Chief Operating Officer.
“The additions of Adrian Scott and John Baskam to the Ridge team further signals our continuing commitment to bringing a leading edge capability to the evolving cyber insurance marketplace,” said Gov. Ridge. “Adrian and John bring a wealth of experience and leadership to Ridge policyholders and to our network of preferred distribution partners. I am thrilled to welcome them both to our team.” Adrian Scott has more than 25 years Professional and Financial Lines experience across a variety of segments.
He most recently was at QBE North America Major Brokers Division where he led the creation and implementation of a new Professional and Financial Lines, underwriting platform and capability. Prior to joining QBE in 2011 Scott built the North American E&O underwriting division for Valiant Insurance Company (US operations of Ariel Re) before it was acquired. Scott also has worked for Minet and Aon finishing as a Managing Director at Marsh where he held various positions within the FINPRO division in Marsh NY. He holds an MBA from London Business School.
“I am delighted to be joining the Ridge team at this exciting stage of their development,” said Scott. “I look forward to building on the innovative approach that offers clients a totally integrated pre-breach and post breach Cyber solution, which allows organizations to create alignment of their risk management, systems protection and detection and associated financing and insurance costs.
Baskam has more than 20 years insurance industry experience as a senior executive in primary and reinsurance complex specialty lines. He previously managed underwriting, loss control, and claims issues for CNA Insurance, XL Reinsurance North America, US Insurance group, and AIG.
“I am pleased to join the Ridge team. Ridge Insurance Solutions Company was created not only as an insurance product but as a comprehensive Cyber Liability risk solution that partners with
Its clients,” said Baskam. “This forward thinking will enable the Ridge team to address the client’s evolving Cyber Liability needs which include integrated assessment, consulting, on-going monitoring, quality coverage and mitigation capabilities.”
Ridge Insurance Solutions offers best-in-class informed assessment and cyber insurance. The packaged, customized assessment capabilities and insurance enable C-suite executives to mitigate cyber risk, thereby closing a dangerous cyber insurance gap that often leaves companies – particularly small and mid-cap firms – vulnerable to the consequences of proliferating attacks.
Boards of directors for financial services, retail, healthcare and energy companies, among others, have access to unique cyber insurance that leverages real intelligence that is sector and company
specific, rejecting the ‘cookie-cutter,’ process-oriented approach inherent in most cyber insurance offerings today.
Policies of up to $50 million (USD) each are available. Ridge Insurance Solutions’ competitive advantage is built upon the three pillars of the Ridge Methodology for providing intelligent insurance:
Inform Utilize world-class cyber intelligence capabilities to illuminate specific company and sector actors and threats, not just general risk, across the global cyber domain.
Assess Leverage the intelligence to deliver a client‐focused informed assessment that assists both the insured and insurer in determining true disruptive cyber business risk – avoiding a “check-the-box” approach that is too often standard.
Act Utilize the information from the intelligence and assessment phases to take mitigating action, which may reduce client cyber risk exposures and insurance premiums.
To learn more, visit www.ridgecyberins.com, and for news updates, follow on Twitter @ridgecyberins.
For more information, please contact:
Steve Aaron, Ridge Global Solutions
Ridge Global Solutions LLC
1140 Connecticut Avenue, NW
Washington, DC 20036 USA
Direct +1 202 717 8428
On Twitter @ridgeglobal and @ridgeschmidtcyb