Cyber

Following Neil Arklie's exit, cyber underwriting performance manager Maria Mathews Saunders will manage the class, reporting directly to the head of underwriting performance.

The broker used three major cyber models to analyse the drivers of model variability, with revenue coming top as the most prominent driver of loss variability.

Kelly Butler will be responsible for the strategic development and delivery of Marsh UK cyber insurance and placement capabilities.

Europe is "well equipped" to become a leader in cyber security protection, says Axa XL's Ana Dores.

The executive joins from Crum and Forster, with 20 years’ cyber experience.

The new SPA will write cyber reinsurance initially and could progress to writing insurance.

The cyber MGA can now serve clients in Italy, Spain, Ireland, Sweden and Denmark.

Insurers are looking ahead to possible fallout from issues such as cyber risks and the impact of AI on the workforce, while still seeing these new trends as opportunities to capture.

A quarter of insurers have such bad cyber security ratings that they would struggle to get coverage for themselves.

Three key reports have unearthed issues around capital and lower return period loss figures that may need to be addressed for the cyber market’s maturation, as a pivotal 1 July renewal date approaches.

The broker named Matthew McCabe as MD of cyber broking with a brief to tackle complex cyber issues.

Plus the latest executive moves and all the top news of the week.