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The former CEO will also serve as executive managing director within Aon’s reinsurance solutions business. -
Tillett succeeds Michela Moro who is returning to Italy, according to Allianz.
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Cyber is more in the one- or two-year loss development camp, the Lloyd’s CUO said.
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Cybersecurity basics could reduce cyberattack costs by up to ~75%.
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Sources agreed that to achieve growth, the focus is shifting from the US to SMEs in Europe.
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The market grew at a rate of 32% annually from 2017 to 2022.
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Envelop Underwriting will bring all the firm’s underwriting into one framework.
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D&O and D&F are also facing increased competition, but property remains price adequate.
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Their new guide sets out the factors (re)insurers should consider when defining a major cyber event.
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CEO Adrian Cox said Beazley’s recent $290mn ILW purchase was not driven by “capital flexibility in and of itself”.
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The exit follows that of Guy Carpenter’s head of cyber centre of excellence for international, Siobhan O’Brien.
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The cyber solution is backed by Mosaic, Chubb and Liberty Specialty Markets.
