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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

'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

London Cyber

Axis Capital names Maher London cyber head

Andy Maher will focus on improving the range of products and services offered by the insurer

London Axis Capital

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

North America Cyber

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 

Europe Legal focus

US commercial lines to soften in 2023: WTW

Rate moderation will be led by cyber and D&O lines, broking giant says

United States Willis Towers Watson

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

United Kingdom Specialty

Mosaic expands in Europe with Frankfurt office

Start-up insurer opens sixth office to write transactional liability and cyber coverage in Europe 

Europe Specialty

Axa XL names Leemans as Lloyd's cyber head

Insurer hires Aon's Vanessa Leemans to drive UK and Lloyd's cyber growth

Lloyds Axa

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

Markel Cyber

DeNexus opens London office

US cyber modelling firm continues European expansion 

Cyber London

Relm Insurance forms partnership with CyberCube

Partnership intended to bolster the company's cyber underwriting business with advanced analytics and artificial intelligence

Bermuda Cyber

Arch appoints WTW's Bradley as senior cyber underwriter

London market carrier builds out cyber team as insurers see continued growth opportunities in class 

London Arch Capital
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