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.
Corvus names Gangu president
Gangu joins as the cyber underwriter looks to build on a strong performance in 2022
London market carriers target sustainable energy growth in 2023
Survey of Lloyd’s syndicates and company market insurers finds eight in 10 carriers are planning growth in the sustainable energy class of as much as 25% this year
BMS names Tigleanu head of cyber strategy
Broker hires senior underwriter from Munich Re to spearhead development of new products
Viewpoint: The first green shoots of a maturing cyber insurance market are now apparent
The cyber market is creating the foundational components needed for its continued and sustainable growth. The next phase of its development will focus on embedding these changes further, while building out the infrastructure needed to scale transaction volumes
Lloyd's 2022: Casualty market returns to profit
Casualty class swings to underwriting profit of £536m for last year, compared with a loss of £17m in 2021, but Lloyd’s warns of softening rates and inflation risk
BHSI names Ruddlesdin head of PI and cyber for UK
US commercial insurer looks to expand presence as a lead market
Legal Focus: France imposes new hurdles on cyber insurance claims
Changes to French law will increase the burden on victims of cyber attacks who wish to make a claim under their cyber policy
Axa XL backs parametric cyber product
Intangic MGA will offer cover of up to $15m to large UK corporates with plans to launch in the US
Lloyd’s cyber war mandate is in the market’s long-term interest
As an early mover, Lloyd’s is likely to lose business in the short term – but the stakes are too high not to act
Inigo reports profits of $28m in 2022
Gross written premiums soar 95% in second full year of operation as Lloyd's insurer plans cyber entry and continued growth in 2023
Pool Re should be replicated for other forms of systemic risk: Catlin
Speaking to Insurance Day, the executive chair of Convex calls for the creation of cyber, pandemic and climate risk versions of the UK government-backed terrorism reinsurer
Coalition enters UK excess cyber market
The US-based MGA will offer cover of up to £10m for cyber and technology professional indemnity lines above a primary layer of insurance
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