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Is the ransomware threat really getting worse – or just more visible? -
Property rates are coming under further pressure, while liability is being buoyed by ongoing challenging loss trends.
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The facility, backed by six global cyber insurers, offers limits of as much as EUR5mn.
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The firm believes UK support for policyholders is under-served compared with the US.
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Plus, the latest people moves and all the top news of the week.
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The carrier’s president Andrew McMellin is aiming to double London market share in the next five years.
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The Beazley CUO said geopolitics would determine cyber market pricing.
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Coverage has broadened while limits have increased, the broker said.
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Some segments are moving faster than anticipated, but overall, it remains a mixed bag.
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The executive was formerly the head of cyber solutions, North America.
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The carrier has scaled up its international insurance offering in recent years.
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The protection gap is calling into question the relevance of the insurance industry.
