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Is the ransomware threat really getting worse – or just more visible? -
Property rates are coming under further pressure, while liability is being buoyed by ongoing challenging loss trends.
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The cost comes in at $530.6bn, roughly $20mn lower than budgeted.
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SRCC exposures are being studied more closely but fixing aggregation issues is a challenge.
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The Beazley CUO said geopolitics would determine cyber market pricing.
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Coverage has broadened while limits have increased, the broker said.
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Some segments are moving faster than anticipated, but overall, it remains a mixed bag.
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A 20% increase in FHCF retention levels sent cedants to the private market.
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The change reflects the company’s growing profile within the MS&AD group.
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The CEO transition is already visible in messaging on growth as rate change picks up.
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The CUO noted that market-wide rate change in Q1 was down 3.3%, coming in below plan.
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Soft conditions have led to “less acute" underwriting discipline, sources said.
