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Cyber

Cyber remains a major opportunity for global specialty re/insurers with premiums rocketing in recent years. Awareness of the risks posed by cyber is also rising, with companies taking action to ensure ‘silent’ cyber is not present within business written across several other classes of business. While several re/insurers are actively growing their position in the cyber market, this class has yet to be tested by a major catastrophic loss event. Understanding the risk potential of cyber exposures is vital as the market continues to grow.

Cyber

Cyber premium growth to shift to non-US markets: Howden

Foundations have been laid for a mature cyber market driven by exposure-led growth, broker says

International North America

Buyers of cyber insurance are still unclear about what it covers

As penetration of cyber coverage continues to increase, it is important insurers and brokers work with buyers to make sure they are crystal clear on the scope and limits of their coverage

International Specialty

European risk managers call for more climate insurance

Risk managers’ association calls on EU to close protection gaps and consider public cyber reinsurance pool

Europe Risk Management

Cyber insurance is more than just risk transfer

Increasingly, the true value of a cyber insurance programme is derived from the broader risk advisory expertise and value-added service provided across the entire risk life cycle

London Lloyds

Global cyber outlook stable despite flat growth: AM Best

Rating agency cites continuously improving cyber hygiene and expectations of profitability in the intermediate term, as well as improved underwriting practices and policy language

North America International

Allianz Commercial names Maxwell head of cyber

Maxwell will take on the new role alongside her existing responsibilities as global head of financial lines

Allianz Specialty

Marsh reports record number of NA cyber claims in 2023

Broker’s North American clients posted more than 1,800 cyber claims last year amid growing sophistication of cyber attacks

North America Cyber

Vantage launches primary cyber cover in US

Launch follows introduction of excess cyber cover in the US and Bermuda in 2022

United States Specialty

US commercial rates rise 6.3% during Q1: WTW

Excess umbrella liability and commercial property post double-digit price increases

United States Casualty

The London market cannot be complacent if it is to maintain its status

London must continue to drive new product innovation in areas like green technology and ensure it can offer the full range of risk transfer tools

London Specialty

Softening US cyber market turns Corvus towards global expansion

Pushing into new markets will allow for growth that offsets conditions in the US, the cyber insurtech’s UK head of underwriting says

International Cyber

CFC begins build-out of Canada operation

Underwriting firm appoints McGuinness as cyber, tech and professional liability development leader

North America Canada
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