Risk Alerts

Portfolio-wide risk monitoring and proactive issue detection

6
Total Alerts
2
High Severity
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2
Medium Severity
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2
Low Severity
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Active Alerts

Showing 6 alerts
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Missing war exclusion clause High Cyber-2024

The cyber treaty does not contain a standard war exclusion, which could result in coverage for state-sponsored attacks.

Detected: 2 days ago | Ref: Article VIII
Recommendation

Add LMA5567 or equivalent war/cyber exclusion language to prevent silent cyber exposure from nation-state attacks.

Review
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Missing cyber exclusion clause High QS-2024-Global

No cyber exclusion language found in the property quota share treaty. This represents a significant coverage gap given increasing cyber-related property claims.

Detected: 2 hours ago | Ref: Article VIII
Recommendation

Consider adding NMA 2914 or LMA5400 cyber exclusion language. Coordinate with Swiss Re on preferred wording.

Review
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Unusual 90-day notice period Medium QS-2024-Global

Claims notification period exceeds market standard of 30-60 days. This may delay claims processing and impact cash flow.

Detected: 2 hours ago | Ref: Article X, Section 10.2
Recommendation

Negotiate reduction to 60-day notice period at next renewal. Document business justification for current term.

Negotiate
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Sunset clause expires Q2 2024 Medium XOL-2024-Cat

Aggregate limit sunset provision will reduce coverage by 25% starting April 1, 2024. This requires advance planning.

Detected: 1 day ago | Ref: Schedule B, Section 4
Recommendation

Initiate discussions with Munich Re to extend or remove sunset provision. Consider alternative capacity if extension is declined.

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Non-standard commutation window Low QS-2024-Global

Commutation rights available after 36 months vs market standard 24 months. May limit flexibility in exiting the arrangement early.

Detected: 2 hours ago | Ref: Article XII, Section 12.3
Recommendation

Note for renewal negotiations. Consider requesting 24-month commutation window to align with market standard.

Note
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Non-standard arbitration venue Low QS-2024-Marine

Arbitration venue specified as London instead of New York. This may increase costs and complexity if disputes arise.

Detected: 3 days ago | Ref: Article XIII, Section 13.4
Recommendation

Accept given marine market preference for London arbitration. Ensure legal team is prepared for LCIA procedures if needed.