Articles

Insurance

First insured loss estimates emerge from major worldwide IT outage

Parametrix says cyber insurance losses likely 10% to 20% of the total outage damage.   24 July 2024

Insurance

Beazley likely held cyber hit on IT outage below $120m: Berenberg

Beazley has the needed sub-limits, waiting periods and distance to affected sectors.   24 July 2024

Insurance

SRG buys specialist MGA to expand footprint in London Market

It is the second acquisition to join its MGA MX this year.   24 July 2024

Insurance

Perils releases industry loss estimate for German floods

Perils warns of further floods similar to those experienced in southern Germany in early June.   18 July 2024

Risk Management

SiriusPoint powers international growth strategy with C-suite hire

The hire was previously chief risk officer at Castle, IQUW and CAN Hardy.   9 July 2024

Insurance

Mosaic plans major expansion across Americas as it snags top Liberty leader

The specialty insurer wants to scale up its business across major lines in the US region.   23 July 2024

Insurance

FERMA calls for ‘holistic’ approach to boost EU competitiveness and simplify regulations

The association is urging the Hungarian Presidency to back key green and digital transition laws.   22 July 2024

Insurance

Mass BI claims pending on IT outage, brokers say; fix times in focus

Major brokers are advising clients en masse to begin prepping claims & cost tallies.   22 July 2024

Reinsurance

Travelers ups limit and retentions at margin-neutral mid-year renewals

Increased book scale and rising primary rates more than offset reinsurance cost.   19 July 2024

Risk Management

Major global IT outage ‘not a cyber attack,’ IT fix on hand

A Crowdstrike cyber-security software update crashed Windows, forced industry shutdowns.   19 July 2024

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