"Underwriters have used every item in the proverbial toolbox to manage exposures. In addition to the rate increases, underwriters have cut limits, increased insureds' own retention and improved risk selection," said Christopher Graham, senior industry analyst, industry research and analytics, AM Best. (Credit: Den Rise/Shutterstock.com)

As cyber insurance pushes toward a potential end to its hard market, surplus line insurers are emerging with a considerable portion of the marketplace. They now account for more than 60% of direct cyber premiums written in the sector, according to AM Best.

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Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]

Information Security
E&S/Specialty
Cybersecurity