Cyber prices surge in Q3, climbing rates make inflection to soft P&C market ‘unlikely’
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Cyber prices surge in Q3, climbing rates make inflection to soft P&C market ‘unlikely’

Giovanna Bellotti Azevedo
November 05, 2021
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Rates in the P&C market continued to rise in the third quarter, with outsized increases for cyber insurance driving up the average change, according to data revealed in company third-quarter conference calls.

On the cyber front, Marsh McLennan vice chairman John Quinlan Doyle pointed to a 90% rate surge in cyber lines, driven by spikes in ransomware claims, as well as concerns about systemic events.

“Without

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Topics

News Rates Marsh McLennan AIG Travelers Chubb Earnings
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Giovanna Bellotti Azevedo
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