Specialty lines

Inflation, supply chain bottle necks and issues with emerging technology are all challenges for the sector.

Lloyd's chief of markets Patrick Tiernan said the Corporation is comfortable that a cyber risk pre-mortem exercise showed the market could cope with a major cyber incident.

The capacity deal is slated for deals with 10/1 effective dates and beyond.

The attack came from a hacking group known as Scattered Spider, an affiliate of the ALPHV/BlackCat ransomware gang.

All lines of business reported premium increases driven by inflation, post-pandemic trade rebounds and rising rates.

The worst-case scenario of a $12bn-$15bn claim looks to have been taken out, but there are lots of complex, vexed negotiations still to come.

The football club initially sued the broker for £10mn in a claim connected with the death of the footballer in a 2019 plane crash.

Ellen White, underwriter on the product recall team, is due to succeed Michael Crabtree following his departure.

Tomais Gaughan has been promoted to lead the energy offering at SiriusPoint International.

The carrier is looking to expand its marine offering through its London and Lloyd’s branch.

The marine insurer said it benefited from benign claims and investment gains.

At the CFC Summit 2023, James Burns said that clearer cyber systemic risk definitions in policies could enable the formation of a "true cyber catastrophe market".