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The carrier is expanding its MGA partnerships and has invested in its marine team. -
The broker said rising reinsurance costs after the Baltimore Bridge collapse could put a brake on softening in 2025.
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The firm said losses could fall under $300mn if more favourable assumptions were applied.
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The investment will be used to scale operations and extend its presence in key international markets.
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Staff movement in energy has been more active than any other class of business this year.
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WTW has also recruited Marsh’s Thomas Burrows and Rupert Mackenzie recently.
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The facility will write management, financial and professional lines.
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The event would represent a loss ratio impact of roughly 3%-10% on global cyber premiums of $15bn today.
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The market is expected to seek additional exclusions around systemic events.
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The cyber market should use the latest outage to start decisively taking action on managing cat aggregates.
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The weighted average direct financial loss for a Fortune 500 firm was $44mn.
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The move comes amid elevated personnel movement in the energy sector.
