Cyber Risk News

List of 20 Hotels in 10 States Believed Hit by Hackers

Twenty Hyatt, Sheraton, Marriott and Westin hotels in 10 states and the District of Columbia may have been targeted by hackers for months. According to the hotel operator HEI Hotels & Resorts, malware put into place in at least 20 …

Sciemus’ Move into Specialty Underwriting: A Case of ‘Adapt and Thrive’

It was a case of adapt and thrive when modeling and analytics company Sciemus made a big strategic leap this year into underwriting space, power, mining, renewable energy and cyber—as a managing general agent. Despite the ongoing soft market, CEO …

Lloyd’s Has Potentially Large Exposure to Catastrophic Cyber Attack: Adsensa Review

A review of almost 400 reinsurance contracts underwritten at Lloyd’s of London has revealed potentially significant vulnerabilities and exposures if a catastrophic cyber attack should occur. Analysis of 392 property and casualty reinsurance policies underwritten by a trio of reinsurers …

Zurich Offers Post Cyber Attack Response Service in APAC

Zurich Insurance has launched DigitalResolve, a coordinated incident response service to help businesses in Asia Pacific (APAC) mitigate and recover from cyber attacks. Offered through Zurich’s partner Crawford & Co., DigitalResolve helps organizations coordinate and manage resources so they can …

Aon Benfield Names Foord-Kelcey as Co-Head of Cyber Practice Group

Aon plc has appointed Luke Foord-Kelcey to co-head Aon Benfield’s Global Cyber Practice Group, reinforcing the firm’s commitment to cyber risk management and transfer. Based in London, Foord-Kelcey will be responsible for spearheading cyber – an emerging line of business …

UK’s Allianz Insurance Offers Free Cyber Risk Assessment Tool for SMEs

Allianz Insurance plc, the U.K. subsidiary of Allianz SE, has partnered with global cyber security consultancy, IT Governance Ltd., to offer commercial customers a free online cyber risk assessment. The Allianz Cyber Risk Assessment tool is designed to help businesses …

Chubb Offers Cyber Bullying Cover for Canadian Homeowner Clients

Chubb has added cyber bullying coverage to its Canadian Masterpiece Family Protection policy to help cover clients and their families from the expenses associated with a cyber bullying incident. Chubb’s cyber bullying coverage provides up to $60,000 in compensation to clients and …

ThinkRisk Transfers Converging Risk Program to Lloyd’s, Expands Offerings

Ryan Specialty Group’s (RSG) ThinkRisk Underwriting Agency has entered into a new underwriting partnership for its Converging Risk program with Lloyd’s of London. ThinkRisk will transition its existing Converging Risk program – specialized errors and omissions insurance for media, advertising, …

Urgent Action Needed to Tackle Systemic Threat of Cyber Risk: Marsh & TheCityUK

Firms across the financial and related professional services industry need to take urgent action on their cyber risks, which present a “real and present danger” to the financial system, according to a new report published by TheCityUK and Marsh. Only …

Aspen Insurance Names Nazir as Head of International Cyber Risk, Lang as U/W

Aspen Insurance, the insurance segment of Aspen Insurance Holdings Ltd., has appointed Raheila Nazir as head of International Cyber Risk. Joining Aspen in the summer, Nazir has more than 16 years’ experience as an underwriter across different product lines, including …