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The new product is being developed to meet client demand for the coverage as the Lloyd’s market prepares to exclude cyber war as a peril from 31 March. -
The US continues to experience catastrophic flash flooding and heavy rainfall events that are impacting “inland” areas across the country, as well as coastal areas.
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Based in Boston, Wilson will report to Newfront’s head of executive risk, Deirdre Finn.
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Carriers will address exposure to catastrophe losses, higher reinsurance costs, macroeconomic factors and inflation.
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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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It is understood that the company has mandated Nomura to raise the risk capital.
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Fenix24 plans to use the war chest to transform the post-breach restoration process in cyber, and to secure more partnerships with brokers and carriers.
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The push for pricing will continue to be strong as at 1.1, but some sources suggest that the upcoming mid-year renewals could be more orderly.
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Respondents attributed this increase to inflation’s effect on property valuations and the cost of goods, as well as to the natural catastrophe losses.
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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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The unit will be led by GRS insurance solutions president Liz Geary, until the appointment of a global head of cyber, who will report to her.
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Scott Bailey previously spent 12 years at CFC managing the technology and media division.
