CFC's Swann: Cyber Coverage Continues to Morph

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Jonathan Swann, director, CFC Underwriting, said early cyber claims largely focused on breach, but 75% of today's claims are for ransomware and phishing incidents, making it more akin to crime coverage.

 

Smaller Agency Says Lloyd's Becoming More Accessible

Allen and Bintou Chatterton of Chatterton Insurance said syndicates have become more open to developing business relationships outside of the London market, even with smaller agencies.

 

Fortegra's Rattner: When Developing E&O, It's Better to Be Specific

Mark Rattner, executive vice president and chief underwriter, Fortegra, said filing miscellaneous errors & omissions coverage is more difficult than developing for specific professionals such as accountants or architects.

 

Specialty Program Distributors Help Drive M&A Activity

Jason Murgio, CEO, Merger & Acquisition Services, said speciality distributors including managing general agents and managing general underwriters, are actively sought for sales and acquisitions.

 

Producers Say London Brings Alternatives to U.S. Risk Markets

Brokers at the third annual CHART-Exchange conference, held in Baltimore, said they rely on the London insurance market to provide coverages for risks deemed too specialized or challenging for standard insurers.

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