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The consultation is a “welcome change of approach” from the regulator. -
Soft conditions have led to “less acute" underwriting discipline, sources said.
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The headcount at the start-up now stands at around 40.
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The carrier has also added AIG’s Alice Hawkins to its aviation unit.
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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 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 executive said secular heightened risk trends would fuel the carrier’s primary expansion.
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The Willis-brokered coverage also includes the Willis CyXS facility.
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New capacity continues to enter the hull market, and rates are falling.
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The broker has also held positions at JLT, Towergate and THB.
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More players are looking to the class in a bid for top-line growth.
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