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The executive will join the financial and professional lines underwriting cell led by Andrew Pearson.
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There are a few critical elements that any burgeoning market needs to acquire before it becomes a truly viable part of the economy.
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The injection takes the size of Allianz X’s fund to $1.1bn.
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Amie Watson is due to join the firm from Liberty Specialty Markets in May.
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The InsurTech plans to develop products for the international market.
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The cyber market is on edge, waiting for changes that will impact pricing. -
Experts feel that growth in the market is unsustainable as coverage continues to expand.
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The carrier’s senior management expects growth in US, specialty, property and marine in 2019.
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In the next few years, carriers may exclusively offer affirmative cyber coverage.
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Hiscox led the round, with additional funding from Chubb, Aflac and Japan-based MS&AD.
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Beazley sets up cyber division, while Swiss Re targets the SME market.
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The globalised economy of the 21st century has thrown up a few changes to the way the world works, to say the least.
