Insurance Day is part of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support +44 (0)20 3377 3996 / APAC support at +65 6508 2430

Printed By

UsernamePublicRestriction

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.

Cyber

Insurers increasingly willing to up capacity for cyber risk: WTW

The broker said Q2 had seen generally improved trading conditions for cyber insurance

International Willis Towers Watson

US cyber premiums jumped 94.7% in 2021: report

The jump was led by Fairfax Financial, according to a market ranking by AM Best

Cyber United States

'Insurers should be concerned about the increasing number of cyber attacks against professional firms'

Professional firms are often seen as targets by cyber criminals, as they hold vast amounts of sensitive data, yet many firms have gaps in their defences, which has a serious impact on losses claimed after an attack

International Cyber

Cyber rates to reach 'equilibrium', Beazley CEO predicts

Improved attritional loss ratio and increased capacity will flatten rate rises, chief executive says, as Beazley take steps to clearly define and limit systemic risks

London Cyber

SiriusPoint and R&Q invest another $100m in Corvus

The additional funding will allow the insurtech firm to expand its offering

United States Cyber

Insurtech At-Bay names Carmilani and Lockton as directors

Former chief executives of Allied World and broker Lockton join US-Israeli cyber insurtech

United States People moves

Travelers sued for rejecting UK jeweller’s $7.5m Bitcoin ransom claim

US insurer argues Graff policy does not cover cryptocurrency ransom payments

Travelers Cyber

'The loss recovery challenges arising from software vulnerabilities and exploits'

Many organisations will be looking to third parties to recover their losses following a cyber attack. This is very much the start and many claims are expected to follow

International Cyber

DeNexus expands with Swiss office and senior cyber hires

Cyber risk modelling company opens an office in Lugano, Switzerland and announces two senior hires to its cyber team

People moves Cyber

'Getting to grips with cryptocurrency – an old risk in a new guise'

Although dented by a dramatic fall in the value of Bitcoin, the market for cryptocurrency appears to be here to stay. And the risks associated with storing cryptocurrency represent an opportunity for insurers

London Cyber

US cyber rates accelerate in Q2

Property/casualty rates rise 5.9% in aggregate in the second quarter, while cyber rates soar 21%, according to MarketScout

North America Cyber

Dual bulks up cyber expertise with five European hires

Managing general agent hires HDI Global's Beimann as cyber product manager as it targets growth opportunities in the region

Europe People moves
See All
UsernamePublicRestriction

Register