Cybersecurity is a common concern across industries these days, but it can difficult to quantify just how at risk your business really is. Insurer Chubb is hoping to shed some light on the subject with its recent launch of the “Chubb Cyber Risk Index.” This free to access, proprietary interactive platform purports to leverage Chubb’s roughly 20 years of data underwriting cyber claims in order to highlight threats based on an organization’s size and industry. “Chubb has nearly two decades of cyber claims data, which enables us to help clients gain insight into the types of events affecting their industries,” said Executive Vice President Michael Tanenbaum. “That insight has helped us to monitor the evolution of the marketplace and understand various threats and how they impact different businesses, based on their profile.” The index will be updated biweekly at first, though the ultimate goal is to eventually offer data in real time.
Arnerich Massena Names New Wealth Management Chief
Reegan Rae
Independent advisory firm Arnerich Massena has named Reegan Rae as its new managing director of Wealth Management, Oregon Business is reporting. Rae, who has been with the firm since 2012, also serves as a principal of the firm and sits on the company’s board of directors. Prior to that, she served as a registered principal and member firm relationship manager for M Holding Securities and as financial advisor for AXA Advisors. “Her vision, passion, depth of knowledge, and attention to client service are invaluable in guiding our future development,” CEO Tony Arnerich said. “She will deliver the expertise and energy to continue to grow our wealth management practice as a leading provider of investment advisory services.” Arnerich Massena, which has been listed as one of WealthManagement.com's top women-owned RIAs in the past, has $10 billion in assets under management.
Kestra Wins Ohio-Based Merrill Team
Kestra Financial CEO James Poer
Kestra Private Wealth Services, Kestra Financial’s RIA subsidiary, has recruited True Alpha Wealth Management, an advisory firm based in Sandusky, Ohio, from Merrill Lynch. This is the third office Kestra PWS has opened since December. Kestra PWS is a division of the independent broker/dealer that helps wirehouse advisors go independent, providing office logistics assistance, consultative compliance support, a comprehensive platform, a transition plan and daily management support. True Alpha is operated by President Brian Duttera, Vice President Elizabeth Skrinak, and Wealth Management Associate Pat Glasgow. “We chose Kestra PWS because of its easily adaptable platform, cutting-edge technological capabilities, integrated CRM tools and most importantly—the team’s commitment to helping us serve our clients and grow our business,” said Duttera.