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The LPPC will offer limits of $127.5mn EAR and DSU coverage in the US and Canada. -
Cyber reinsurance supply has continued to outstrip demand during 2025.
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The action follows Sompo’s $3.5bn all-cash acquisition of Aspen Insurance.
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Farnworth will also chair the carrier’s audit committee.
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The data modeling firm said losses previously averaged $132bn annually.
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Signs of discipline indicate a “break” from past boom/bust market cycles.
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The underwriter has over 20 years' experience in the construction insurance sector.
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The deal ends Livingbridge’s two-year attempt to sell the UK broking/MGA platform.
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Ratings agency said the Sompo deal could have positive financial and operational benefits for the Bermudian.
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Plus, the latest people moves and all the top news of the week.
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Sources see Aspen as the right fit for Sompo, with Apollo getting a full cash exit.
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After spending 20 years at Aon, Goodman will start a senior executive position with Guy Carpenter.
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