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The current guidance is that Beazley will publish an undiscounted CoR in the low-80s at full year. -
For many, it could be a “wake-up call” to the systematic exposures inherent in cyber.
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Insured losses in the single-digit billions would not translate into a material impact for (re)insurers.
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The airlines, healthcare and financial services industries were some of the sectors affected by the outage.
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The broker warned that D&O and P&C policies could also be impacted by the outage.
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CrowdStrike has an estimated 15%-25% market share among large companies.
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A quick round-up of today’s need-to-know news, including the Microsoft outage and Travelers' results.
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The incident highlights the aggregation risk around cloud service reliance.
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Average rate increases went to 5.6% in June 2024 from 28.2% in June 2023 .
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The promotions will help TransRe strengthens its cyber focus.
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It is understood that the shutdown will impact about 25 employees.
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Worsening claims activity, privacy concerns and emerging threat actors have yet to reflect in pricing.
