Cyber

While significant, the fires are expected to be an earnings rather than a capital event for the industry, John Huff, CEO of the Association of Bermuda Insurers & Reinsurers, said.

Tactics underwriters employ to manage cyber risk are maturing, as well.

The investment supports Coalition’s goals for its active insurance offerings.

Other digital distribution platforms, including ProWriters and SportsInsurance, are also exploring a sale.

A quick roundup of our best journalism for the week.

Insureds, however, are often reinvesting savings into purchasing increased limit.

The MGA’s US clients will now have access to London market capacity.

Cyber premiums dropped 1.8%, while commercial auto was up 8.9%.

This year's modelled outputs have increased across all return periods.

CEO Tom Kang said Converge will now be able to deploy a total of $10mn in limit in certain segments.

The carrier’s US platform will continue to be led by long-time executive Sal Pollaro.

Jason Hart, head of proactive cyber, was also promoted to managing director.