Cyber

A whitepaper published by the two companies set out measures that could create cyber insurance capacity.

Portfolios of clients of varying size in the same region aggregate more risk.

The July downtime will increase relevance, demand and innovation for the market.

Lancashire was the only carrier to see double-digit growth in insurance revenue for H1.

The CEO said he expects cyber rates to start flattening post-loss.

A canvass of sources suggests that a $3bn-$5bn loss could tip the cyber market into unprofitable territory.

The broker said less than 1% of companies globally with cyber insurance were impacted.

What is the purpose of the Underwriting Room in the post-Covid working world? According to Lloyd's Market Association CEO Sheila Cameron, the Room remains the "beating heart" of the London insurance ecosystem, and there is "overwhelming support" to maintain it. In her role at the LMA, Sheila has a unique insight into what is top of the agenda for all 55 managing agents. Tune in to the podcast to get the latest on Blueprint Two, the state of regulation, and leadership diversity.

Securities class actions are a perennial source of claims for D&O insurers.

In messaging to the market, the cyber insurer described the rating environment as “stable and sustainable”.

The firm said losses could fall under $300mn if more favourable assumptions were applied.

The investment will be used to scale operations and extend its presence in key international markets.