U.S.-Based Distributors Report Growing Interest From London Market

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Brokers and insurance professionals at the third annual CHART-Exchange conference, held in Baltimore, say syndicates and others in the Lloyd's market are showing an appetite for new types of risks, startups and smaller organizations.

 

MGAs, Sometimes Burned by Tech, Are Learning to Automate, Sell Online

John Bennis, president, MGA Systems, said many Insurers and MGAs are turning to portals and automation to boost sales and cut expenses.

 

CFC's Swann: Cyber Coverage Continues to Morph

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.

 

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.

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