Marsh calls for public-private partnerships to drive cyber take-upPresident and CEO of Marsh John Doyle has urged the insurance market to work with governments to improve cyber products.
Cyber market ‘frustratingly immature’: BealeLloyd’s of London CEO Inga Beale has lambasted slow growth in the cyber insurance market and warned that the market risks not reaching its full potential.
JLT Re adds Davis to US cyber unitJLT Re has appointed Erica Davis as senior vice president to lead its North American cyber and E&O practice.
Allianz teams up with Apple and Cisco to offer discounted cyber coverAllianz has entered into a partnership with Apple and Cisco to offer discounted cyber insurance for customers who use the tech giants’ products in a bid to broaden its base in the burgeoning sector.
Natural disasters and extreme weather top WEF risks for 2018The World Economic Forum (WEF) has named natural disasters and extreme weather events as the top global risks on the horizon for the second year running.
Swiss Re: Broad market hardening now expected in 2018Swiss Re’s chief economist Kurt Karl has today (21 November) predicted a broad market hardening of P&C rates in 2018 beyond loss-affected lines following the $130bn of capital that has been stripped from the industry this year.
Transformation is now inevitable, Munich ReThe reinsurance industry must undergo a digital transformation if it is to keep pace with the changing shape of world business.
Data drought hinders European (re)insurers’ cyber response(Re)insurers need more access to information on cyber-attacks if they are to provide adequate coverage.
Cyber clauses have to be examined says marine chiefThe Chairman of the international Union of Marine insurance’s (IUMI) Ocean Hull Committee, has warned underwriters need to re-examine their approach to cyber risk.
Irma takes rate discussions off the tableWhile the full impact of hurricanes Irma and Harvey has yet to be calculated the potential losses have dominated the discussions at the Monte Carlo Rendez-Vous.
Swiss Re warns on cyber aggregationsSwiss Re’s head of Reinsurance is urging the industry to take a considered approach to cyber given the potential aggregation risks and that some risks were so systemic that only governments can reinsure.