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Tom Abbotts joins from Elmore Insurance Brokers, where he was one of the founders and led the cyber, technology and fintech team. -
A memo from the reinsurer raises concerns for cyber insurers over whether they could face a coverage gap after renewals.
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The endorsement allows for broader coverage, as it includes a writeback on collateral impacts arising from a cyber operation that is carried out as part of a war.
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The cyber MGA reported that claims severity increased by 7% to an average loss of nearly $169,000, fueled by business email compromise and other types of attacks.
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Interest in distribution mechanisms such as facilities are seeing something of a resurgence in the regional SME market.
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Beazley CEO Adrian Cox told investors the carrier's cyber expectations remained “unchanged” for the year, despite predicting a slowing of growth into Q2.
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A move by Lloyd’s to exclude catastrophic state-backed cyber war has sparked debate in the market.
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The cybersecurity professional has more than 20 years’ experience.
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Ransomware will remain the primary loss driver in 2023 in terms of threats for businesses and individuals.
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In a discussion at Trading Risk’s London ILS 2023 conference, panellists compared the current cyber ILS market to the cat market in the 1990s.
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The underwriter has over a decade of cyber experience and has worked at Axa XL since 2020.
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The WTW D&O liability 2023 survey canvassed directors and risk managers in 40 countries around the world.
