cyber insurance News

Cyber MGA Resilience Becomes Lloyd’s Coverholder

Resilience, the San Francisco-based cyber managing general agent, announced it has earned delegated authority as a coverholder at Lloyd’s. As a Lloyd’s coverholder, Resilience will be positioned to deliver its comprehensive cyber risk management and insurance solutions to the worldwide …

‘Cybersecurity Failure’ Named a Critical Global Threat in WEF Survey Report

“Cybersecurity failure” was identified as a critical short-and-medium-term threat to the world by respondents of the World Economic Forum’s Global Risks Perception Survey (GRPS). GRPS respondents rank cybersecurity failure among the top-10 risks that have worsened most since the start …

UK Cyber Insurtech KYND Receives £3.25 Million Investment from BGF

KYND, the London-based provider of cyber risk management solutions for the insurance industry, announced a £3.25 million ($4.4 million) investment from BGF, a growth capital investor. The insurtech will use the investment to accelerate its growth and global expansion plans, …

Insurance Journal’s Top Cyber Stories of 2021

Ransomware was the word of the year in 2021 for the cyber insurance industry as attacks continued to grow in scale and complexity, and experts say this cyber threat landscape will likely continue in the new year. Kurt Suhs, founder …

Despite Mitigation Efforts, Cyber Attacks and Rate Hikes to Continue in 2022

As dramatic as escalating ransomware attacks and rapidly climbing cyber insurance rates have been in 2021, both trends will continue to be a nuisance in 2022, according to an expert from Fitch Ratings. “It is probably one of the bigger …

Cyber Insurtech Corvus Buys Lloyd’s Coverholder Tarian Underwriting Ltd.

Corvus Insurance, the Boston-based, cyber-focused managing general agent, announced it has acquired Tarian Underwriting Ltd. from Beat Capital Partners Ltd. Tarian operates a cyber underwriting platform that provides cyber solutions and underwrites on behalf of a consortium of Lloyd’s syndicates. …

Top 10 East Insurance Journal Stories of 2021

As 2021 comes to a close, Insurance Journal is looking back on its top stories of the year. In the East region, the ongoing COVID-19 pandemic remained top of mind for many readers. Beyond the pandemic, readers also took interest …

Insurance Technology: SiriusPoint Invests in LuckyTruck; Hiscox Offers Real-Time Quotes With RMS Location API; ActZero Security Adds Cyber Coverage From Measured

Global specialty insurer SiriusPoint said it is investing in LuckyTruck Corp., a digital broker and aggregator specializing in commercial trucking insurance. The two did not disclose the investment amount. LuckyTruck vows to make the purchase of insurance for trucking fleets …

Rising Insurance Costs Add to Public Finance Sector’s Cyber Pressures

The growing pace and sophistication of cyberattacks on U.S. public finance entities has led to rising costs and challenges in acquiring robust cyber insurance coverage. Fitch Ratings says public entities are increasingly required to undergo stringent security audits and adherence …

Generali Joins Forces With Accenture and Vodafone to Provide Cyber Insurance Services

Generali has joined forces with Accenture and Vodafone Business to create a package of cyber insurance services for corporate and small and medium-sized enterprise (SME) clients. The services include cyber risk assessments, phishing simulations and learning programs, designed to help …