All cyber insurance articles
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NewsCrowdStrike – a cyber cat of sorts
The CrowdStrike cyber incident brought retail, transportation, banking, and more to a shocking standstill. In the aftermath, what can insurers do to gain clarity on the true exposures in their books before the next Blue Screen of Death?
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NewsCyber insurance gap amid rising AI threats – Aon
An EMEA survey underpins a new cyber report from the broker, showing insurance is in place to cover less than a fifth of corporate information assets.
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NewsCyber reinsurance report highlights different dynamics to cat risks – Howden Re
A first-of-its-kind study from reinsurance broker Howden Re, uses data from cyber underwriters’ modelled losses for insights into the industry’s market risk tolerance.
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NewsWTW, AXIS boost cyber facility with increased capacity and broader coverage
The broker has announced “strategic enhancements” to its global cyber facility, led by AXIS Capital.
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NewsAspen and PIMCO launch casualty and cyber-focused Pando Re
Bermudan reinsurance vehicle will participate in Aspen’s casualty, professional lines and cyber insurance and casualty reinsurance business lines through a multi-year quota share, with Aspen as the sole cedant.
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NewsAlta Signa: CFO deepfakes highlight urgency for cyber risk mitigation
As cyber threats evolve, insurers and reinsurers should prioritise the dissemination of technical risk mitigation expertise to policyholders, writes Mauro Marongiu, Alta Signa’s technical head of cyber underwriting.
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SponsoredVideo Q&A: CFC helps launch the world’s first Cyber Monitoring Center
Sponsored: Yiannis Kotoulas, acting editor of GR’s sister title Insurance Times, sat down with James Burns, CFC’s head of cyber strategy to talk about the world’s first Cyber Monitoring Centre.
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NewsBMS appoints Leahy cyber practice co-leader
The re/insurance broker announced Daniel Leahy joins from rival intermediary Howden.
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NewsHowden names Bayon de La Tour as its new international cyber leader
The broker’s new international head of cyber will be based in Spain and was formerly head of cyber for Marsh Europe.
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NewsRansomware attacks break records, up 95% in 2023 – Corvus
Law practices, government agencies, manufacturing, oil and gas, transportation, logistics and storage sectors were among the sectors hardest hit by a record-breaking spike in ransomware attack frequency.
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NewsMoody’s global cyber survey finds 50% rise in cyber insurance premiums
Buyer budgets are on the rise while C-suite visibility of cyber risk has also markedly increased, Moody’s Investors Service found.
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NewsAon launches FI Protect 360
A London market collaboration to “blend” traditional financial and cyber risks, Aon’s FI Protect 360 has access to $100m capacity per client.
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NewsGlobal cyber market rockets in value - Guy Carp study
A Guy Carpenter report reveals more than three-fold increase in cyber insurance market value in four years, and models one-in-50 and one-in-200-year event cyber loss scenarios, topping out at a $33.4bn estimated potential market loss.
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NewsEnergy storage market has invisible cyber risks – Aon
The broker warned that a lack of robust cyber-security for critical operational technologies may be a weakness for battery storage risks being underwritten.
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NewsRyan Dodd: Parametric solution ‘wasn’t the intent, it was the result’
Founder and CEO of Intangic says cyber insurance policy can ‘ease some of the headache’ for risk managers
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NewsCyber MGA Intangic launches with AXA XL-backed parametric policy
The policy has two triggers: the level of malicious activity targeting a company, and a subsequent loss in value
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NewsCyber ILS has ‘momentum to succeed’ - Lockton Re
Securitisation can help ease the capacity constraints of the current hard market
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NewsBrit increases cyber consortium capacity by 50%
The product is designed to protect clients from the impact of physical damage arising from cyber-attacks
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NewsBeazley reveals 13% rise in cyber fraud claims
Organisations must get smarter about educating employees to spot fraudulent tactics
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NewsCoalition launches ‘full-stack’ cyber insurer
A- rated carrier will target small businesses and brokers and is backed by Coalition’s Active Insurance platform
