The explosive growth in the cyber market over the past year has created a capacity crunch for MGAs, according to a panel of experts at the Inside P&C North America conference.
Increasing cat losses, combined with social inflation, put ESG and climate change at top of the mind even as the market sees strong growth, says Guy Carpenter’s John Trace.
With hundreds of coronavirus-related BI suits working through state and federal courts, insurers still face a multi-billion-dollar challenge to keep judges and juries ruling in their favor.
