Florida’s Citizens and its broker Gallagher Re have gone out to the traditional reinsurance market this w...
Casualty grows share of Lloyd's portfolio as cyber market expands
Traditional specialty lines have become less material for Lloyd's over time with emerging classes such as cyber growing the casualty share of the...
Traditional specialty lines have become less material for Lloyd's over time with emerging classes such as cyber growing the casualty share of the...
Article / 1 day ago
Insurer in Full: Pricing – the only way is up?
The consensus in the cyber market seems to be that pricing will soon trend back upwards in response to ransomware activity increasing, despite new entrants fighting for market share and established players ramping up their appetite...
The consensus in the cyber market seems to be that pricing will soon trend back upwards in response to ransomware activity increasing, despite new entrants fighting for market share and established players ramping up their appetite...
Article / 2 months ago
Munich Re reduces size of cyber book following launch of “precise” war exclusions
Munich Re saw its cyber reinsurance premium volume contract to $2bn in 2023 following a sustained period of double-digit growth....
Munich Re saw its cyber reinsurance premium volume contract to $2bn in 2023 following a sustained period of double-digit growth....
Article / 2 months ago
City minister urges caution on “last resort” state-backed cyber pool
The UK’s City minister urged caution this morning in the face of industry calls for a public-private government-backed scheme for (re)insuring catastrophic...
The UK’s City minister urged caution this morning in the face of industry calls for a public-private government-backed scheme for (re)insuring catastrophic...
Article / 2 months ago
Cyber CUO Lea in Vantage exit
Vantage Risk and Andy Lea, the senior vice president and CUO of its cyber book, have parted ways, with the carrier understood to remain strongly...
Vantage Risk and Andy Lea, the senior vice president and CUO of its cyber book, have parted ways, with the carrier understood to remain strongly...
Article / 2 months ago
Cedants' appetite for QS cessions wanes as reinsurers' hunger grows
Cyber reinsurance buyers grew more confident in reducing quota share cessions at 1.1, according to brokers, while a flurry of ILS deals has raised hopes about capital...
Cyber reinsurance buyers grew more confident in reducing quota share cessions at 1.1, according to brokers, while a flurry of ILS deals has raised hopes about capital...
Article / 2 months ago
Living in a “material” world for cyber disclosure
The new Securities and Exchange Commission regulations on disclosing cybersecurity incidents will potentially lead to third-party claims, while also providing threat actors with another lever to pull...
The new Securities and Exchange Commission regulations on disclosing cybersecurity incidents will potentially lead to third-party claims, while also providing threat actors with another lever to pull...
Article / 2 months ago
Envelop praises Lloyd's as it targets $275mn cyber reinsurance GWP in 2024
Bermuda-UK cyber MGA and modelling firm Envelop Risk has praised the Lloyd's market as a “recognised centre of expertise” following the launch of...
Bermuda-UK cyber MGA and modelling firm Envelop Risk has praised the Lloyd's market as a “recognised centre of expertise” following the launch of...
Article / 2 months ago
Pricing – the only way is up?
The consensus in the cyber market seems to be that pricing will soon trend back upwards in response to ransomware activity increasing, despite new...
The consensus in the cyber market seems to be that pricing will soon trend back upwards in response to ransomware activity increasing, despite new...
Article / 2 months ago
When a wunderkind grows up
Cyber could change the insurance market profoundly. But first it needs to overcome its own growth constraints....
Cyber could change the insurance market profoundly. But first it needs to overcome its own growth constraints....
Article / 2 months ago
