-
The move into the two classes follows the insurer's launch of a US financial lines division. -
The MGA will initially write mid-market cyber and professional liability business.
-
Adam Lantrip, Sam Levine and Laura Burke have joined the new division.
-
Donavan’s arrival follows the appointment of former Aspen Insurance CEO Mario Vitale as president in September.
-
The ILS firm led the fundraising round at the data and analytics business.
-
After years of cheap capacity and widening terms, complex accounts renewing in recent weeks have attracted low double-digit rate hikes.
-
A report by digital security firm McAfee in August indicates ransomware attacks have more than doubled in 2019.
-
“Ransomware is an epidemic and unless we stop it, it will continue to grow," the senior underwriter said during a conference Thursday.
-
Sources said the cyber market has paid out at least $75mn in Ryuk ransom claims since the start of the year.
-
Remote controls will soon allow insurers to access immense datasets about high-value assets, according to panellists at a conference.
-
The cyber and technology specialist will bolster the US buyer's existing London-based operations.
-
The appointment follows a $37mn fundraising.
