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The business specialises in hard-to-place risks.
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Lucien Mounier has served for six years as Beazley’s head of Asia Pacific
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Improved cyber hygiene and strong insurer competition has driven rate reductions.
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Quota share commissions are under pressure amid changing buying patterns.
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The ratings agency said improvements in cyber hygiene, underwriting and policy language were contributing factors.
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The multiline MGA was co-founded by Lea's fellow Vantage alum Farhan Shah.
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Vanessa Maxwell will remain global head of financial lines.
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The global nature of cyber means a UK ransomware pay license would have "no material impact" locally.
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The MGA has added Scor and Argenta’s syndicates to its panel.
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Cyber insurance rates for UK clients dropped 12% on average, Marsh said.
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The Incyde Risk facility will provide up to $25mn in capacity on a primary and first-excess basis.
