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.

 

First Indemnity's Biggio: Attorneys Have Broad Professional Liability Needs

Andrew Biggio, president, First Indemnity Insurance Agency, said attorneys should be covered in a broad fashion for liability from wrongful and prior acts, cyber exposures, licensure issues and more.

 

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.

 

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.

 

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.

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