Cyber

Hotel operators’ increased use of shared digital platforms and ‘smart technologies’ has widened the cyber threat landscape, the broker said.

Liz Kim is joining Gallagher Re’s 40-plus-strong cyber team from Hiscox, where she has spent more than 12 years.

International CUO Kyle Bryant declined to specify when the company would be up and running but said it was in advanced discussions and “quite confident” of landing a deal soon.

The hire comes as At-Bay rapidly grows headcount and looks to expand its product suite beyond cyber.

Another pandemic outbreak came in fourth place, with 22% of respondents saying they were worried about further health and workforce issues and movement restrictions in 2022.

Inside P&C’s news team runs you through the key developments from the last week.

The broker urged cyber insurance buyers to factor in terms and conditions such as restrictive coverage and exclusionary language in sizing up their purchases, as rates climb higher.

The InsurTech founder said Cowbell Re would allow the MGA to capture upside in underwriting results, while also serving as an additional capacity source.

The InsurTech is the latest MGA to begin assuming risk, following similar moves by rivals Coalition and Corvus, in what is likely to be a step in its evolution towards becoming a full-stack carrier.

The vulnerability is difficult to attack at scale, but flags the supply chain risk in the class.

A panel of Aon experts discussed cyber, ESG, cat risk and consumer behavior in 2022.

Edmundson said that Corvus would go public when it's large and stable enough to warrant a public base of shareholders.