XL Catlin names new cyber and TMT head
March 23 2017 by InsuranceAsia News-
Allianz Commercial taps AIG’s Karlis Trops to head Asia cyber and tech PI
- July 25
Trops has over 14 years of industry experience specialising in cyber and technology errors and omissions (E&O) insurance underwriting and risk assessments.
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CrowdStrike IT outage insured loss to range from US$540m to US$1bn: Parametrix
- July 25
The loss covered under cyber insurance policies is likely to be no more than 10% to 20% of the US$5.4bn direct financial loss facing the US Fortune 500 companies, due to large risk retentions and low policy limits.
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Asia insurance rates decline 3% in Q2 led by finpro and cyber lines: Marsh
- July 24
Rates drop for the second-straight quarter and widened from the 2% drop recorded in the first quarter. Led by D&O, finpro lines had the highest decline at 9%, while cyber rates declined by 6%.
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Pacific insurance rates decline 5% led by finpro, cyber and property lines: Marsh
- July 24
Casualty was the only line that saw a slight increase with the rates going 1% up, however, the lowest in many years, as capacity and competition increased from new and existing markets.