Cyber
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Uncertainty around war exclusions and systemic risks and the potential impact of the spike in ransomware on the profitability of the class were discussed at the event. -
Analysis showed a modelled loss range of between $15.6bn and $33.4bn for a 1:200-year global loss event.
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Capital markets are "likely to become a key ingredient of a healthier and sustainable (re)insurance market".
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The company is raising a sidecar through JP Morgan for additional capacity from outside investors.
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Based in Stamford, Connecticut, the executive will oversee the carrier’s cyber fac and treaty operations reporting to NA CEO Brian Quinn.
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The executive will oversee the development of cyber and tech products reporting to Hiscox US SVP head of specialty risks Doug Karpp.
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Blount is taking over from Rob Rosenzweig, cyber practice leader, who recently assumed a leadership role at Risk Strategies
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Strong rhetoric from Munich Re means the US market will sooner or later have to take a position on cyber war wordings.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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In addition, the mutual promoted Jelmer Andela to head of cyber underwriting within its London-based subsidiary Liberty Specialty Markets (LSM).
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A memo from the reinsurer raises concerns for cyber insurers over whether they could face a coverage gap after renewals.
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