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Cyber trends were driven by increased policyholder risk awareness and greater demand for coverage. -
Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Corvus said Russia’s invasion in Ukraine “caused a divide in the cyber underground” as Ukraine-based actors had to relocate along with their IT operations.
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A report from the Bermuda Monetary Authority shows how the island’s carriers have raised their worst-case estimate of cyber losses in recent years.
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Discussions around rates remained amicable despite years of compound rises.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The conglomerate looks to step into the role of insurer of last resort amid capacity constraints and surging client demand.
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Cyber and risk management specialist Sou Ford will move from WTW to lead Lockton’s Southeast cyber practice.
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Aon’s E&O and Cyber Market Review found that between Q1 2019 and Q4 2021, ransomware attacks surged 323%.
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Cyber policies already include war exclusions, but market participants now expect more explicit language and tighter terms and conditions.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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WTW forecasts that cyber rates could increase by 100% to 200% for heavily exposed industries.
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