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The average rate increase in the cyber market stands at 1.6%. -
Richard Chu joins from PartnerRe, where he was head of financial risks for Asia Pacific.
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Graham Knight will become chairman of natural resources.
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The broker said there was a ‘disparity’ in market response to war in the Middle East.
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The broker has made a string of hires in its upstream energy division.
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Environmental activism and terrorist activity are also set to rise.
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Underwriters said there was some cause for concern around reinsurance coverage.
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The expansive carrier has hired heads of marine for France and Spain.
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The market remains “delicately balanced” amid global conflicts and claims deterioration.
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Copenhagen Infrastructure Partner’s policy is subject to a sub-limit for hail damage.
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The owner and manager of the cargo ship Dali have filed suit to cap liability at $43.7mn.
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Colin Addy and Greg Conroy, former Vale and Chubb executives, co-head the new operation.
