Cyber

The new hire joins after a 16-year legal career as the broker continues intangible asset push.

News last week that cryptocurrency exchange Coinbase was working with Aon to establish a captive insurance vehicle prompted some questions among The Insurance Insider’s US news desk.

The chairman of the EU insurance supervisor warned that (re)insurers cannot shoulder systemic cyber incidents alone.

The Allianz unit could enter the market in earnest in early 2021, the board member says.

What will become of the cyber market?

The trouble with regulation is that its three main pillars – conduct, prudence and competition – are in a rock, paper, scissors relationship with each other.

James Patterson and Ryan Mimmo will join the team headed up by Jeff Norton.

The Corporation calls for specific exclusions or affirmative (re)insurance to provide clarity for all parties.

Broader wordings are creating systemic exposure and pushing up loss ratios.

If the insurance market could be imagined as a fairground, cyber risk would be the frantic Whack-a-Mole game.

The insurer led the pack with a 16 percent share of the cyber market last year, according to a new report.

Coverage options are now becoming more standard after years of expansions for new risks, Chubb’s cyber product leader said.