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The carrier has also added AIG’s Alice Hawkins to its aviation unit. -
The market has broadened its risk appetite and infrastructure over the years.
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The exec said if he were a carrier CEO, now is the time he would start looking for deals.
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The reinsurer said the LA wildfires would have a “dampening effect” on mid-year renewals.
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The carrier will focus on mid-market business outside of Lloyd’s.
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The product protects insureds outside of warzones from conflict-related cyberattacks.
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The carrier booked EUR800mn in LA losses in the P&C segment.
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The reinsurer's group operating income fell by 14% to EUR480.5mn.
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The Willis-brokered coverage also includes the Willis CyXS facility.
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The group said corporations face geopolitical and climate risk.
