Chubb

At a point when cyber rates are falling and capacity is plentiful in high excess layers, the mutual plans have the wider cyber market somewhat perplexed.

Clearer wordings for cyber cat risk would also help foster the development of the more capital-efficient event XoL reinsurance market in cyber, Kessler said.

The top five insurers on the continent maintained their ‘clear dominance’ in terms of scale.

The consortium is supported by 11 other Lloyd’s businesses.

Sources have said the layer will provide the carrier with protection for the Northeast US only and attaches at a remote level.

The carrier was originally in the market for extra capacity at January 1 before pulling plans.

Edward Kopp will be succeeded in his current role as president of Chubb Korea by Janice (Jae-Kyung) Mo – the first woman to lead a general insurance business in Korea’s history.

The CEO said Chubb has ‘never seen better pricing’ on primary property.

O’Donnell will focus on strategic and tactical operations within global reinsurance alongside his continuing responsibility for Chubb Tempest Re USA.

The cargo market is undergoing staffing turmoil as firms vie to secure talent.

The Singapore aviation hub is part of a strategic regional focus for the aviation team from Chubb Global Markets.

The executive will be responsible for the growth and profitability of the carrier’s casualty lines in 51 countries and territories outside North America.