Markets/Coverages: Markel Launches Affirmative Cyber Product for Collateral War Cover May 14, 2025 Markel Insurance, the insurance operations within Markel Group Inc., launched a specialist cyber product to provide up to US$5 million...
Lloyd’s Insurers Must Exclude Catastrophic State-Backed Cyber-Attacks August 19, 2022 Lloyd’s insurers must exclude state-backed cyber-attacks in standalone (or affirmative) cyber policies if they reach a catastrophic threshold, according to...
Re/Insurance Cyber Rates Could Double Before 2023, as Attacks Skyrocket: S&P September 30, 2021 By L.S. Howard The pandemic caused economic and insured losses from cyber attacks to skyrocket, which has heightened awareness of the risk and...
NY’s Cyber Guidance Could Boost Risk Management for Insurers, Insureds Across U.S. April 5, 2021 By Yakir Golan and Visesh Gosrani The Cyber Insurance Risk Framework, launched recently by the New York State Department of Financial Services, is a positive step...
Hamilton’s Pembroke Managing Agency Forms Cyber Team, Launches Cyber Product November 6, 2019 Hamilton Insurance Group Ltd. announced the launch of a new team of underwriters at the recently acquired Pembroke Managing Agency...
Cyber Attack on Asia-Pacific Ports Could Cost $110B, Hitting Global Supply Chains October 30, 2019 A single cyber attack that affects major ports across Asia-Pacific could cost $110 billion, which is roughly equivalent to half...
Reinsurers Look at Cyber’s Massive Growth Possibilities-With Caution October 22, 2019 By L.S. Howard Reinsurers are aware they must constantly invent new solutions in order to stay relevant for their clients. Yet, they admit...
Beazley Launches Affirmative Marine Cyber Cover May 15, 2019 Specialist insurer Beazley has created a marine cyber insurance product to meet the rapidly developing needs of vessel owners and...