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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

MS Amlin makes ‘controlled’ entry into cyber treaty

The Lloyd’s carrier is focusing on excess-of-loss business, but has no plans to re-enter the direct cyber market

London Lloyds

Howden launches cyber insurance platform for SMEs

New platform designed to 'address the imbalance' between large corporations and SMEs, broker says

International Cyber

Beazley names Aon's Carmichael as head of US cyber

Carmichael succeeds Patricia Kocsondy at the specialty carrier

United States Beazley

Keeping a lid on cyber war is still a priority for Lloyd’s

The corporation’s chief underwriting officer is looking to rein in dispensations given when mandatory cyber war wording was introduced

London Lloyds

Axa XL names Sawyer head of London casualty reinsurance

Executive will oversee carrier's cyber reinsurance proposition as well as US and international casualty treaty offering  

London Axa

Double-digit UK cyber price decreases still the norm: WTW

The first quarter saw ‘exceptionally favourable conditions’ for buyers of cyber cover, broker says

International Willis Towers Watson

Evolin launches terrorism facility

New facility, which is led by Chaucer, has up to $500m limit per policy for terrorism

Europe London

Axis doubles cyber reinsurance book in Q1

Bermuda-based carrier continues to build its cyber reinsurance portfolio as it pivots cyber insurance book away from undesirable smaller risks 

Bermuda Axis Capital

Cyber market braces for return to volatility

Cyber insurance rates are now falling after rapid hikes two years ago, but some underwriters fear the adjustment is happening too fast and too soon and risks damaging market credibility

International Specialty

EU insurance regulator finds AI use widespread but uneven

Half of survey respondents said they used artificial intelligence for non-life business

Europe Cyber

Marsh adds $25m capacity to Echo cyber facility

Broker’s excess cyber facility now has capacity of $125m

Marsh Cyber

Transfer fraud and email compromise biggest source of cyber claims: Coalition

Ransomware accounted for just 19% of reported claims in 2023, cyber MGA says

Specialty Distribution
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