-
The cyber solution is backed by Mosaic, Chubb and Liberty Specialty Markets. -
The Hartford will assume a quota share of Coalition’s UK cyber program.
-
Overall, insurance rates fell by 1%, led by competition in property.
-
Areas with growing demand and complexity include natural catastrophe and cyber, it said.
-
The new proposition will offer £10mn primary cover and £15mn limit for XoL.
-
A canvassing of the market showed some bifurcation on the necessity of a government backstop.
-
It also reported that severity increased by 17% in the same period.
-
Geopolitical conflict could expose the global economy to $14.5tn in losses.
-
Matt Foster joins Coalition following an eight-year tenure at Munich Re.
-
The deal has reduced the carrier’s one-in-250-year cyber loss scenario from $651mn to $461mn.
-
Top concerns also included medical cost inflation and employee benefit costs.
-
Glyn Thoms will be stepping into a newly formed role with a focus on cyber strategy formulation and management.
