All Cyber articles – Page 3
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NewsTMK forms new standalone cyber, enterprise risk division
Tokio Marine Kiln said it wants to expand its presence in the standalone cyber market.
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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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NewsEconomic and cyber risks lead global D&O priorities – WTW, Clyde & Co
Data losses and ransomware are top legal concerns for company directors, according to WTW and Clyde & Co’s Directors’ and Officers’ Liability Survey Report 2023.
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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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NewsLondon-based specialty MGA Nirvana launches
Nirvana has been set up by founding directors Kabir Chanrai and Rob Jones after a buyout from Castel
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NewsCoalition enters excess cyber market in the UK
The additional capacity will help more businesses get the coverage they need to protect themselves from digital risks
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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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NewsOasis cyber data standard will ‘unlock additional capital’
Improving efficiency of data transfer is key for the cyber insurance market to reduce costs, says open source modeller
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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
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NewsLMA ‘sharply focused’ on supporting market’s transformation
Will lend its expertise to issues around systemic cyber, climate litigation, renewable energy and international wordings
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NewsWTW launches new XOL cyber facility as ‘ransomware crisis’ continues
Broker offers up to $50m of Lloyd’s excess layer capacity, as firms continue to cite cyber risk as a top priority
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NewsParametrix to pay claims after MS Azure Outage
Outage at the world’s second-ranked cloud service provider brought down multiple regions for nearly three hours
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NewsCyber war endorsements could invite innovation
These include the LMA war exclusion clauses introduced in November 2021
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NewsCyber war exclusions top industry’s list of concerns for 2023
Climate change and ESG responsibilities will also shape the direction of travel this year, predicts RPC
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NewsCyberCube model used to structure first cyber cat bond
The insurance market will see greater partnerships with ILS fund managers in 2023, research suggests
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NewsTMK launches 'all singing, all dancing' life sciences product
Policy includes intellectual property and cyber coverage in a first for the Lloyd’s market
