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Prior to joining, Laura Hunt was cyber practice head at Chaucer for seven years.
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Aon’s report covering multiple classes and geographies highlighted improving conditions in D&O for the UK, and a moderation of rate rises in property.
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The analyst firm estimated more than 60% growth in Beazley’s cyber portfolio in 2022
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The appointment of Granger follows other recent cyber market moves, including the entry of Starr to the market.
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There are still some hurdles preventing widespread ILS adoption of cyber risk, but momentum should increase.
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Cyber and M&A insurance are the emerging trends in the region fueled by increased jackpotting attacks and deal activity.
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The move comes as the London market continues to suffer from a lack of cyber capacity.
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The follow-only vehicle initially launched in January with a more limited set of permissions.
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The appointment comes after the carrier’s previous head of cyber Neil Arklie left the business for Lloyd’s.
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A report from the Bermuda Monetary Authority shows how the island’s carriers have raised their worst-case estimate of cyber losses in recent years.
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The conglomerate looks to step into the role of insurer of last resort amid capacity constraints and surging client demand.
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Aon’s E&O and Cyber Market Review found that between Q1 2019 and Q4 2021, ransomware attacks surged 323%.