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The protracted firming phase of the cycle continues, with E&S firmer than the admitted market. -
The broker reported that only 2% of family offices and “very few” individual households in the high-net-worth market carry comprehensive cyber coverage.
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Rates rocketed in the two most challenged areas of the market, while price deceleration continued in P&C, the broker’s index showed.
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Mosaic said the partnership marked an expansion of its syndicated programme launched last December.
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In the most recent episode of a Marsh podcast, president and CEO Martin South interviewed Carolina Klint on the key findings from the 2022 Global Risks Report.
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Cyber rates continue to spike globally, along with financial and professional lines, Marsh data shows.
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The Hartford cyber chief Jacob Ingerslev said improved cyber resilience of private sector companies should help reduce ransomware threats and malware events.
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Rates across Axis’s insurance book rose by 14% in 2021, roughly matching the 14% rate increases Axis said it achieved across its insurance portfolio in 2020.
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The carrier purchased $100mn of additional catastrophe reinsurance, effective January 1, to support its property business growth.
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Oliver Delvos will lead Corvus’s office in Frankfurt, Germany, which is slated to open later in 2022.
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The fast-growing InsurTech MGA inked a partnership agreement with private insurance broker Leavitt Group’s subsidiary ComTech-Leavitt Insurance to offer its risk-mitigation products.
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The analytics company said healthcare, education, manufacturing and utilities sectors could face ransomware attacks.
