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Ransomware threat actors are continuing to attempt ‘smash and grab’ attacks. -
Sentiment at the ILS Connect event hosted by Insurance Insider ILS was generally positive.
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Joanne Barry will be joining the team at Zurich.
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The Nordic operations have capacity provided by Allianz Commercial.
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The underwriter is taking on a role with Cipriani and Werner.
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The only major product line to see rate increases was casualty.
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Alongside Chatterjee, SVP Dharma-Wardana has also exited the team.
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It is understood that Marsh brokered the tower, which is exposed to claims from a 2024 breach.
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Despite a softening market, carriers still have belief in their profitability, sources said.
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The Gallagher Re executive called on the market to “prepare to grow sustainably together”.
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The facility now includes CyXS Plus and CyXS Company.
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James Barrett has been interim head of cyber since October 2024.
