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Maya Bundt says insurers can do more to advise insureds to treat cyber like they would ESG concerns. -
He reports to the carrier’s global chief underwriting officer for financial lines, Libby Benet.
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The carrier also discloses it has bought more aggregate cyber protection, after a quarter in which claims experience for the line deteriorated.
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The executive responds to claims that cyber insurance “funds organised crime”.
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The senior broker warns new endorsements by some carriers may make insureds question the purpose of cyber cover.
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The tech company was yesterday forced to report its results ahead of time after an infographic began circulating online.
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The broker warns that some carriers are seeking to limit cover in response to the attack.
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Chubb and Crum & Forster are among the markets requiring further underwriting checks and introducing exclusions.
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Pandemic outbreak jumps 15 places to become the joint-second perceived risk.
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The carrier becomes the latest to review policies in order to manage exposures.
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US intelligence agencies on Tuesday attributed the breach to Russia.
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Lawyers expect Covid-19 BI litigation claims to enter a second phase, and rising ransomware claims to spur coverage disputes.
