Richard DePiero has joined Sompo Pro, the U.S. professional liability insurer unit of Sompo International, as senior vice president, U.S. Cyber Product leader. DePiero will be responsible for Sompo Pro’s U.S. cyber and network security offerings. He brings more than …
Although cyber risk premiums have expanded sizably in recent years with loss ratios that compare favorably to other product lines, the danger of accumulation risks is a key concern for the market, according to a study released by insurance industry …
Capsicum Re, the London-based specialist reinsurance broker, announced two new hires to its cyber division. Jasper Goring joins as a cyber broker and Prab Naidu was appointed as wordings director, both with immediate effect. They are based in London reporting …
Chubb announced the appointment of Raheila Nazir as cyber underwriting manager for the UK and Ireland. In this role, Nazir will have responsibility for the leadership and direction of Chubb’s UK&I Cyber Underwriting team, in addition to managing product development …
Travelers Insurance is seeking a full Sixth Circuit court reconsideration of its three-judge panel ruling that said the insurer’s crime insurance policy’s computer fraud clause covered a loss due to money transfer involving fraudulent emails. In seeking an en banc …
The Hanover Insurance Group, Inc. has appointed Eric C. Cernak has the head of its cyber practice. In this role, Cernak is responsible for overseeing corporate cyber strategy across all of its commercial lines and specialty businesses, to ensure a …
Chubb has partnered with cyber security company DynaRisk to offer a cyber loss mitigation service to Chubb’s Cyber Enterprise Risk Management policyholders in the UK and Ireland. The DynaRisk service assesses a person’s devices and digital footprint to provide a …
For the second time in about a week, a federal appeals court has sided with a commercial policyholder where the insurer denied coverage under a computer fraud provision of a crime insurance policy for a money transfer involving fraudulent emails. …
The number of U.S. insurers providing cyber insurance continues to grow along with instances of cyber attacks. In 2017, 170 U.S. insurers reported writing cyber insurance, up from 140 in 2016 and 119 in 2015, according to Aon’s latest U.S. …
Travelers Europe announced the availability of Travelers CyberRisk, a new standalone cyber insurance product for organizations of all sizes in the United Kingdom and Ireland. Travelers CyberRisk provides liability and first-party cover for losses from cyber attacks. It also provides …
