surplus lines

Cybersecurity Insurance Coverage Sees Historic 2.3% Premium Drop in 2024

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First-Ever In a first-ever, premiums for cybersecurity insurance coverage in the U.S. fell 2.3% in 2024, according to AM Best’s latest report. This marks the first recorded decline since 2015, with total direct premiums written now below $7.1 billion. The loss ratio remained below 50%, suggesting that cyber insurance continues to yield profits. The AM … Read more

Resilience Expands London Cyber Insurance Market for US Businesses

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Resilience has expanded its partnership with UK-based insurer RSA to offer surplus lines of cyber insurance to US businesses through London’s wholesale market. The move allows companies with revenue between $75 million and $10 billion to access coverage outside traditional US markets. Expanded Cyber Insurance Capacity Resilience’s new initiative enables US clients to secure cyber … Read more

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