cyber liability News

What Executives Need to Know About Managing D&O Liabilities: Allianz Report

Company directors and senior managers across the globe are increasingly likely to face costly regulatory investigations, criminal prosecutions or civil litigation, which not only put their company’s assets, and their own assets, at risk, but also may threaten their personal …

Pen Underwriting Names Scott as Head of Cyber Liability, Driving Cyber Growth

Pen Underwriting announced that Adrian Scott has been appointed to the newly created role of head of Cyber Liability. Scott takes responsibility for enhancing Pen Underwriting’s capabilities in cyber risk management and insurance, building a dedicated team of sector specialists …

Re/Insurers Must Respond to Evolving Terrorist Risk with Relevant Products: JLT

The re/insurance industry is failing to respond to the growing global terrorist threat with products that meet the needs of their clients, according to a report published by JLT Re and JLT Specialty Ltd. Indeed, evidence that insurance has absorbed …

Untested Cyber Coverage Remains ‘Volatile,’ Experts Say

With cyber insurance premiums expected to grow from around $2 billion in 2015 to an estimated $20 billion or more by 2025, insurers and reinsurers are continuing to work out underwriting requirements, and the market can be characterized as “volatile,” according to …

Chubb Offers ‘Cyber Enterprise Risk Management’ Solution for European Clients

Chubb announced the launch of Cyber Enterprise Risk Management, as the company continues to invest in its cyber risk capabilities across Europe. Cyber Enterprise Risk Management as “an end-to-end risk management solution, designed to meet the needs of middle-market and larger …

RLI to Roll Out New Cyber Liability Unit, Coverage in Q3

RLI Insurance Company and its Executive Products Group have created a new business unit to offer cyber liability insurance. The Cyber Liability Insurance unit will offer protection for exposures arising from adverse cyber events including but not limited to data …

Expect P/C Insurance Price Stagnation in 2016: Kroll

After a banner 2015 for the U.S. property/casualty insurance sector, pricing pressures will lead to stagnation or rate declines in 2016, Kroll Bond Rating Agency Inc. predicted. Pricing will either be flat or down over the next 12 to 18 …

HSB Engineering Insurance Launches Cyber Insurance Cover for UK SMEs

HSB Engineering Insurance has launched a new cyber insurance product aimed directly at small to medium-sized businesses in the U.K. In response to the growing demand for insurance solutions to cover cyber risks, HSB’s Cyber Insurance product provides computer, data …

The Hartford Expands Liability Coverage For Asset Managers

The Hartford has expanded its management and professional liability insurance for asset management firms of all sizes, offering a blended liability policy with new and extended coverage to address key cyber and regulatory risks. “Today’s asset management firms operate in …

CFC Launches Cyber Policy for U.S. Healthcare Providers

Specialist lines underwriting agency, CFC, has extended its cyber product suite with the launch of a new policy developed specifically for U.S. healthcare providers. According to CFC’s Cyber Practice Leader, Vicky Paxton, “Healthcare companies have arguably become the largest target …