Cyber – Page 4
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AXA XL appoints head of Cyber, UK & Lloyd’s
She previously held cyber leadership positions in Aon Cyber Solutions
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Apollo partners with Envelop Risk for cyber reinsurance
Envelop Risk is a cyber reinsurance MGA with an ambition of establishing a platform within the Lloyd’s market
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Three ways of increasing cyber insurability - sigma
There is currently a protection gap of around 90% due to the uncertain nature of systemic risk
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Lockton Re names Oliver Brew cyber practice leader
Most recently he was part of the CyberCube leadership team and has had senior roles at Aspen, Hiscox and Liberty
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Lloyd’s finds ‘no evidence of any compromise’ following suspected cyber attack
The market has been advised that it can now restore its network services
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Lloyd’s receives approval for standalone cyber syndicate
Chief of markets Tiernan confirms initial approval as market seeks ’sensible growth in a pragmatic way’
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New cyber syndicate gets green light from Lloyd’s
Trium Cyber, a risk carrier backed by Jim Stanard’s Pelican Ventures, expects to write $50m of gross premiums in 2023
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Cyber capacity flags despite reinsurance sector ‘starting to get its hands around’ this risk
Reinsurance chief underwriting officer states that systemic risks are ‘beyond the insurance and reinsurance industries’ alone
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Swiss Re takes drastic action to cut RVS carbon footprint
There is a very obvious impact from climate change on secondary perils after a summer of extremes
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Cyber newcos are seeding the pipeline, reveals AM Best
There is significant opportunity to innovate as the risk landscape evolves, but reinsurers are taking a more conservative approach to risk
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All in this together
Guy Carpenter’s Julian Enoizi speaks to GR about the critical role of public/private partnerships in achieving greater societal resilience
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Rise of the underdog
David Howden has long had ambitions to be a top player in reinsurance broking, and he is finally in a position to take on the ‘Big Three’
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Lloyd’s sets cyber policy exclusions for state-backed attacks
Managing agents must show that exclusion clauses have been legally reviewed
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Cyber: Hitting pause
At below $10 billion, why has the cyber re/insurance market failed to live up to its potential?
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Ukraine fall-out and new ransomware tactics elevate cyber risks
The maritime sector and satellite infrastructure are sectors most likely to be targeted by cyber criminals
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Cyber: Banning ransoms is a ‘blunt policy instrument’
A ban could encourage ransomware attackers to engage in new, more malicious forms of extortion, warns Geneva Association
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AXA XL expands US cyber team
Rachel Rossini becomes product manager for Cyber and Technology E&O, and Vern Suckerman becomes US head of Complex Accounts
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US MGA market hits $70 billion
Growth in 2021 was well in excess of the robust growth achieved in the P&C market as a whole, finds Conning
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Insurers must deploy capital ‘confidently’ to tackle cyber crunch
Demand for cyber insurance has increased - but so has the price
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SiriusPoint partners with specialty MGA Alta Signa
Alta Signa Holdings is a European MGA specialising in financial and professional lines insurance