-
The firm is one of a few carriers writing cyber for municipalities and townships in the US.
-
The exit is understood to be part of a restructuring of the broker's cyber team.
-
The company has so far recouped $77mn from the March 2019 attack, which it previously estimated caused losses of up to $81mn last year.
-
The move marks a return to broking for the executive who, prior to Axa XL, worked at Willis Towers Watson.
-
Speakers say clarity on coverage will limit cyber aggregation risk.
-
Previous cyber rising stars Adam Taylor of Brit and Camilla Walker of Canopius move up the 2020 league table.
-
The portal will be aimed at international brokers placing non-US risks and will hold a wide range of information.
-
Covid’s “slow, prolonged and symmetric” nature contrasts with a cyber attack or supplier outage, operations expert Nick Strange notes.
-
The pandemic has shown that acting ahead of a major event and ensuring wordings clarity are key.
-
The move marks the latest sign of capacity retreat from the sector.
-
The president and CEO urges wordings precision to avoid cyber-related litigation.
-
While brokers surveyed estimated rate rises of 5% to 10% over the last 12 months, underwriters’ estimates ranged from flat to up 30%.