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First insured loss estimates emerge from major worldwide IT outage
Insurance
Parametrix says cyber insurance losses likely 10% to 20% of the total outage damage.   24 July 2024
Chubb claims broad swathes of rate adequacy inspire a reach for growth
Insurance
‘Where rate is adequate, we are growing as fast as we can,’ CEO Greenberg said.   24 July 2024
Beazley likely held cyber hit on IT outage below $120m: Berenberg
Insurance
Beazley has the needed sub-limits, waiting periods and distance to affected sectors.   24 July 2024
Insurance
Property ends its run after leading as recently as Q4; FinPro & cyber softening stable.   24 July 2024
Insurance
Property lines feel ‘competitive’ versus a durable and needed trend for casualty firming.   24 July 2024
Reinsurance
It will underwrite specialty and casualty lines—D&O, PI, cyber and more.   24 July 2024
Reinsurance
The executive to replace its CEO and president of 38 years.   24 July 2024
Reinsurance
It entered the reinsurance market with MassMutual and HSCM backing in early 2022.   24 July 2024
Insurance
A 30-year industry exec with Chubb/AIG pedigree to lead Markel’s casualty suite of products.   24 July 2024
Insurance
Fitch views the sale as ‘opportunistic’.   24 July 2024

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