Cyber
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Improved profitability has led some insurers to increase their own retentions. -
Expansion of the middle-market book is an ongoing focus.
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Coalition Re to offer active cyber reinsurance via two products supported by Aspen-led capacity.
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The report predicts a 1-in-250-year cyber event could see over $100bn in losses.
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Portfolios of clients of varying size in the same region aggregate more risk.
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Small and medium businesses now comprise 45% of cyber market exposure.
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Predicted market pricing corrections have yet to be seen broadly.
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The figure represents a quarterly increase of 102%.
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Sanchez will report to Carolina Carmona, LSM’s head of financial lines in south Florida.
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The top four lines posted low-single digit to high-single digit policy count growth.
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Manufacturing now accounts for 41.7% of all claims, from 15.2% previously.
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The July downtime will increase relevance, demand and innovation for the market.
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