E&O

The MGA will be offering $10mn limits for $300mn-$10bn companies.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

Chubb’s balanced view of the market as a whole, and pricing and loss cost trends in particular, puts it ahead of the curve on value creation, despite a difficult economic backdrop.

The program will offer limits of up to $2mn to a wide range of professionals in the industry from agents, brokers and property managers to consultants.

The hires include Melissa Sowa from AXIS, John Birkhofer from Hallmark and Michelle Anderson from Argo.

Aon’s E&O and Cyber Market Review found that between Q1 2019 and Q4 2021, ransomware attacks surged 323%.

The California-based executive will oversee the underwriting strategy of Axa XL’s commercial E&O business in the region.

The program will offer limits between $500,000 and $5mn to small and mid-sized insurance businesses.