Marsh: Cyber Insurance Purchases Climb After Rocky Couple of Years May 23, 2023 Stricter policy language, pricing increases and more scrutiny at policy inception made for a tumultuous couple of years in the...
Clients Buy Higher Limits as Q1 Cyber Increases Follow Moderation Trend: Marsh May 15, 2023 By Chad Hemenway For the fifth straight quarter, pricing increases for cyber insurance continued to fall at the start of 2023. According to...
Broker Sues Over Unethical ‘Raid’ of 38 Staff in UK Poaching Row May 11, 2023 By Jonathan Browning Marsh & McLennan Cos.’s reinsurance broker sued a London rival, saying it secretly planned an unethical “raid” of 38 people...
Lloyd’s Cyber War Exclusions: Confusing, Disruptive, but Necessary? May 9, 2023 By L.S. Howard The rollout of the Lloyd’s cyber war exclusions has received considerable criticism for the chaos and confusion caused in the...
Cyber Insurance Rate Hikes Moderate, While Property Prices Rise in Most Regions: Marsh April 27, 2023 Average global cyber insurance prices continued to moderate in the first quarter, with average price increases of 11%, compared to...
Marsh McLennan Reports ‘Strong Start’ to Year With Restructuring Program on Track April 25, 2023 By L.S. Howard Marsh McLennan Companies Inc. reports “a strong start” to 2023, generating 9% underlying revenue growth in the first quarter on...
Markets/Coverages: Marsh Launches Global Facility Backed by QBE for All Major Classes April 21, 2023 Insurance broker Marsh announced the launch of “Fast Track,” an insurance facility that will bring a substantial amount of additional...
Markets/Coverages: Applied Home National Underwriters Created; Marsh Launches ‘Cyber Pathway’; Everspan, Aurenity Partner on Casualty Buffer April 5, 2023 Applied Underwriters Introduces Applied Home National Underwriters Applied Underwriters said it has created Applied Home National Underwriters (“Home National”) to...
Demand for Transactional Risk Coverage Remained Strong in 2022: Marsh March 10, 2023 By Jahna Jacobson Transactional risk insurance continued its rise in popularity in 2022 to become a global, mainstream feature on mergers and acquisitions...
Cyber Insurance Market Back From Brink After Onslaught of Ransomware Attacks February 27, 2023 By Max Reyes The cyber-insurance market, battered by a rash of pandemic-era ransomware attacks, is making a comeback. Price hikes are moderating, new...