Swiss Re’s Bewlay: Cyber is a Hard Risk to Pin Down

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From JP Morgan Chase & Co. to Home Depot, Target and more, cyber attacks against businesses and governments are becoming more commonplace and widespread around the world. While they are new risks for the property/casualty insurance industry, companies are increasingly developing coverages and approaches to deal with them. Nancy Millette Bewlay is one of the p/c experts at the forefront of this effort. Millette, who is managing director/casualty and head of underwriting/casualty for Swiss Re, sees cyber as an evolving sector of the market that's hard to standardize, because each client faces different needs and concerns. At the recent PCI Annual Meeting in Scottsdale, A.Z., she elaborated on the topic with Carrier Management Editor Mark Hollmer and explained how Swiss Re is responding to the phenomenon.

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