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.
'A catastrophe market is essential to the future of cyber insurance'
Loss ratios may have stabilised, but managing the volatility of cyber risk remains a major challenge for carriers, CFC Underwriting chief executive, Graeme Newman, argues
Axis Capital names Maher London cyber head
Andy Maher will focus on improving the range of products and services offered by the insurer
Fraudulent funds transfer claims surge in Q3
FFT claims reach record high in third quarter, accounting for one-third of the period’s cyber claims in the US, according to new analysis
Legal Focus: European regulators look to control cyber threats
Against a backdrop of a rising number cyber attacks, there is no consistent approach to data protection-related regulatory enforcement across Europe
US commercial lines to soften in 2023: WTW
Rate moderation will be led by cyber and D&O lines, broking giant says
CFC plans cyber catastrophe rating agency
Categorising cyber attacks in a similar way to hurricanes could remove the need for complex scenario-based exclusions and address the aggregation concerns that are holding back the market
Mosaic expands in Europe with Frankfurt office
Start-up insurer opens sixth office to write transactional liability and cyber coverage in Europe
Axa XL names Leemans as Lloyd's cyber head
Insurer hires Aon's Vanessa Leemans to drive UK and Lloyd's cyber growth
Markel International merges cyber and financial risks divisions
David Sawyer to lead combined division which will provide ‘more holistic’ approach to cyber in response to an increasingly complex risk landscape
DeNexus opens London office
US cyber modelling firm continues European expansion
Relm Insurance forms partnership with CyberCube
Partnership intended to bolster the company's cyber underwriting business with advanced analytics and artificial intelligence
Arch appoints WTW's Bradley as senior cyber underwriter
London market carrier builds out cyber team as insurers see continued growth opportunities in class
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