Cyber
Cyber remains a major opportunity for global specialty re/insurers with premiums rocketing in recent years. Awareness of the risks posed by cyber is also rising, with companies taking action to ensure ‘silent’ cyber is not present within business written across several other classes of business. While several re/insurers are actively growing their position in the cyber market, this class has yet to be tested by a major catastrophic loss event. Understanding the risk potential of cyber exposures is vital as the market continues to grow.
Brit launches cyber consortium for large corporates
The Lloyd’s consortium will offer up to $50m of cover and aims to create a more efficient placement process
Large language model services ‘fertile ground’ for cyber accumulation risk
The emergence of LLM tools as a new category of cloud service providers creates novel cyber threats, Lloyd’s warns
Coalition expands capacity partnership with Aspen
Aspen will provide multi-year capacity for MGA’s cyber insurance programme in the US
Mosaic launches primary tech E&O
New product builds on the launch of the specialty carrier’s global primary cyber insurance offering last year
Lockton Re appoints Lewis to head North American cyber practice
Lewis joins from Zurich North America, where he was cyber product leader
Cyber catastrophe bonds show potential for diversification: CyberCube
Losses ‘far less than perfectly correlate’ across the four recently issued 144A cyber catastrophe bonds, modelling firm says
US cyber MGAs usurping traditional carriers in SME market: QBE's Kofie
Rooted in technology rather than insurance, US managing general agents are ‘big disruptors’, QBE Europe’s cyber expert Erica Kofie says
Munich Re calls for European cyber backstop
The largest systemic cyber threats were beyond the equity of the market, reinsurance giant's chair says
Cyber market continues to grapple with modelling
There are still important variations between models in how events are defined and what coverages are captured, industry experts say
Beazley merges in-house cyber services and cyber security firm
The Lloyd’s insurer is integrating its risk management services, offered as part of its cyber policy, with its cyber security offering
UK cyber governance code will be good for insurers: Corvus
The proposed code of practice will create a useful framework for insurers to start discussions with businesses, particularly in the SME market
US regulators’ group announces 2024 strategic priorities
NAIC will press cyber and climate standards
You must sign in to use this functionality
Authentication.SignIn.HeadSignInHeader
Email Article
All set! This article has been sent to my@email.address.
All fields are required. For multiple recipients, separate email addresses with a semicolon.
Please Note: Only individuals with an active subscription will be able to access the full article. All other readers will be directed to the abstract and would need to subscribe.