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Spectra has in-principle approval for a Bermuda broker license but believes cyber ILS solutions will be a game of “slow progress”. -
The underwriter will be based in southern California and lead global strategy in cyber for the insurer.
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He will also join the board of At-Bay Specialty Insurance Company.
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Mark Cloutier set out Aspen’s plans for top-line 2023 growth in the range of 10%, and a continued strategy of pursuing rate rather than exposure growth in property cat.
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Travelers posts strong results boosted by better pricing, personal lines performance, and favorable development.
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The appointment comes after a slew of cyber reinsurance brokers left Aon to join Howden.
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AM Best is confident in At-Bay's 5-year business outlook, partly due to the rapid growth seen in the cyber insurance market.
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Management added that the company also plans to expand into reinsurance to provide capacity in the market.
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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 M&A slowdown in the US and increased competition have also driven retentions down, while terms and conditions are loosening.
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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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Both of them bring decades of experience in the private client industry.
