Cyber liability is the most significant emerging liability exposure in the UK, according to the Airmic's first-ever benchmarking study into the casualty insurance market, carried out jointly with Advisen.
NIG has attracted specialist area underwriters from RSA, Chartis, Allianz and Zurich Municipal to join its motor, property and liability teams.
Independent Lloyd's broker Safeonline has acquired Samian Underwriting Agencies. The transaction, which completed on 15 April, saw all Samian's business and the four members of staff joining the 12-strong team at Safeonline.
The arm aims to develop and underwrite a range of specialist risks including intellectual property, reputational risks, cyber insurances and non-material damage business interruption.
Our climate is changing rapidly while technology that used to be the preserve of fanciful fiction is growing prevalent, writes Nilam Sharma, Michelle Jones and Benjamin Folkinshteyn
I was interested to read Patrick Hill's presentation of the case for cyber liability insurance ('Cyber threat or opportunity?', www.postonline.co.uk/1565406).
Iain Ainslie will be based in London
Data loss and data theft are real risks for insurers ‚Äî but could they also be an opportunity? Patrick Hill reports.