Trade credit joins cyber as a challenging market – Aon

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Pricing in the UK market continued to harden across all classes in the second quarter except for directors and officers’ insurance, according to the latest report by Aon.

Cyber again led the way with the broker citing a more than 30% rise in keeping with the figure in its Q1 calculations.

Capacity for cyber was constrained, the firm detailed, with geopolitical events in Eastern Europe creating additional uncertainty and new complexity in an already challenged market.

Along with continued rate increases, there has been a further tightening of coverage related to systemic risk and war exclusions, Aon added. It forecast that the challenging market would continue.

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