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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

CFC launches cyber physical damage bolt-on

Specialist underwriter says the cyber insurance market needs to provide meaningful capacity for physical events

London Specialty

Cyber soft market 'nearing its end'

The market can expect to see a ‘large jump’ in rates when the market changes, Aviva’s head of cyber predicts

Specialty Cyber

IUA plans review of core services to address changing risk landscape

International Underwriting Association to develop a central risk function to address issues such as sustainability and cyber risk

London Specialty

LMA releases framework for managing ‘other cyber’ systemic risk

Framework focuses on lesser-known systemic risks including potential outage of widely used industry-specific systems

London Lloyds

WTW launches cyber insurance facility in Asia

QBE and Axl XL-backed facility designed to address evolving cyber security challenges with a primary insurance capacity of up to $15m

Hong Kong Singapore

US commercial rates decelerate in final quarter of 2024

Sector posts average price increase of 2.6% in the quarter as commercial property and cyber rates moderate

United States Casualty

Old Republic launches cyber underwriting unit

US group hires Resilience executives to lead new underwriting operation

United States Specialty

Cyber reinsurance rates moderate at January renewals

Increased reinsurance capacity enters market at 1/1, as buyers shift to non-proportional covers amid a better understanding of tail risk

Specialty Cyber

Cyber buyers ‘capitalise on low rates to increase coverage’

European cyber insurance price decreases expected to continue in 2025, but with a potential for moderation in the second half of the year

Europe Cyber

Beazley promotes Lezzi to group head of cyber risks

Lezzi was most recently head of international cyber risks 

London Beazley

Cyber insurers look for stability in 2025

The cyber market is still profitable but a continued slowdown in rates could cause problems for underwriters

Cyber International

Aon names O’Connell as global cyber strategy and growth leader

Executive will lead the broker’s efforts to deliver ‘transformative value’ to the reinsurance division’s cyber clients and trading partners, through innovative risk structuring, including the use of cyber catastrophe bonds and insurance-linked securities solutions

North America Cyber
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