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Former Tokio Marine Kiln cyber underwriter Alex Jomaa is CUO for the firm and head of UK. -
Plus this week’s people moves and all the top news from this week.
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The move follows another incredibly soft year for the all-risk market as aviation war continues to harden.
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The centre will identify, define and categorise cyberattacks in a similar way to catastrophe events.
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The MGA will be Fidelis MGU subsidiary Pine Walk’s eighth launch.
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The report also stated that digital technology could generate savings of 10%- 20% in other processes in the value chain.
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The carrier reported an additional A$70mn reinsurance reinstatement because of higher claims.
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The appointment follows the recent hire of Pascal Carrer as head of casualty in Switzerland, and David Corrigan as head of property.
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Meanwhile, war premiums for calls into Israeli waters are expected to rise substantially from a low base.
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A report from the firm warns that the market needs to upskill on cyber.
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Leahy joins the carrier after just over a year at TMK as divisional head of airline.
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AI development is creating new risks for insurers to assess as multiple key trends suggest it will evolve into a standalone insurance product like cyber-risk.
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