Operations/tech
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As data privacy litigation increases, insurers increasingly lean on exclusions. -
The program, expected to start doing business next month, will be wholesale-only.
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It is understood that CyberCube has been considering a sale of the business.
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Claude Wade is to step down from his role to address ongoing health issues.
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Sales velocity ticked up to 12.2% in Q2 but has remained steady in the past five years.
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The move includes One80 Intermediaries, formerly part of Risk Strategies.
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Despite being hailed as an asset, executives said the current situation is not ideal for either valuation or competitive purposes.
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The tech could quickly open the door to disruptors, and firms with poor data management will lose out.
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More investment in early stage firms is an indicator of bullish market, says Gallagher’s Johnston.
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The 127-acre corporate campus has been the reinsurer’s North America headquarters since 1999.
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CEO David Howden accused rivals of “restricting choice for their own clients”.
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Insurers must write policies in high-risk areas in order to incorporate the model.
