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Executives are seeing 5%-15% rate declines on intense competition but in excess layers pricing is down as much as 40%. -
Despite a smaller number of claims, ransomware payments hit all-time highs last year.
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The hire comes after the company’s recent rebrand from Capitola Insurance.
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There is a high likelihood the property claim will be subrogated.
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The executive will focus on food and beverage manufacturers and distributors.
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Global commercial insurance rates rose 1% in Q1, down from a 2% increase in Q4 2023.
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The broker used a consensus-based hypothetical cat event type to analyse its global impact.
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The executive has been with Zurich since 2018.
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The cyber market faces significant claim notifications from Change Healthcare clients.
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Cyber Quoting will connect global cyber insurers and US distributors.
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Ulrich Kadow will become global head of product management and underwriting transformation.
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WTW predicted that ‘meaningful softening’ could creep into energy markets during the year.
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