Marsh has launched a new cyber policy that provides catastrophic protection for large companies seeking to better manage the growing threat of a cyber-related data disruption or unplanned technology outage.
ISO, PCI report finds that net income for P&C insurers slipped slightly in the first quarter of 2014, dipping to $13.8 billion from $14.3 billion in Q1 2013.
Buyers are speculating that the $22 billion market can continue its streak without an annual loss even as Warren Buffett said last week that Berkshire Hathaway Inc. is avoiding writing hurricane insurance in Florida because premiums have been pushed too low.
Under the right conditions, having the private marketwhether primary insurers, reinsurers, the capital markets or some combination of all threepitch in to take on additional flood exposure could be a win-win for taxpayers as well as the insurance industry.
There were some significant in-laws missing from the industrys family reunion this yearthe growing number of investors flooding the property-catastrophe market with alternative sources of capital.
There were some significant in-laws missing from the industrys family reunion this yearthe growing number of investors flooding the property-catastrophe market with alternative sources of capital.