Reinsurers warned over cyber gold rush: Rhoads

Reinsurers looking to emerging risks such as cyber in order to
grow and diversify books of business in the face of soft market
pressures should be wary of underwriting perils they do not
understand, according to Jed Rhoads, president and chief
underwriting officer of Markel Re.
Speaking at the 2014 EY Global (Re)Insurance Outlook event in
Bermuda last Thursday (11 December), Rhoads said he was not sure
that cyber risk would find its way "quickly or
profitably" into the reinsurance...