cyber insurance News

Coalition Launches Cyber Insurance and Security Coverage in Canada

Coalition, the cyber insurance and security managing general agent, announced it is offering its products and services to Canada-based businesses. The San Francisco-based company described the offering as proactive cyber-security products and services as well as cyber and technology error …

Allianz Group Appoints Richter to Lead Cyber Center of Competence

Dr. Catharina Richter will be appointed global head of Cyber Center of Competence for Allianz Group, effective June 1, 2020. The Cyber Center of Competence (CoC) coordinates and steers cyber risk underwriting and governance across Allianz Group and is embedded …

Cyber Underwriting Firm Envelop Risk Raises $6 Million in Funding

Envelop Risk, the UK cyber underwriting and risk analytics business, announced a Series A investment of approximately $6 million. The funding round was led by artificial intelligence specialist investor Alpha Intelligence Capital (AIC), with additional support from existing investors including …

EC3 Brokers Launches Casualty and Cyber Specialty Division

EC3 Brokers announced the launch of its specialty division, with the appointment of Jonathon Lane as head of the division. Lane is joined by Dominic Toogood and Gary Moore. All three joined on May 1 and initially will report to …

CyberCube Launches Cyber Analytics Product for Broker Market

Cyber risk analytics specialist CyberCube has launched a new software-as-a-service application designed specifically for insurance brokers called “Broking Manager.” “Broking Manager” facilitates client insight for both generalist and cyber specialist brokers, designed to help brokers quantify, understand, and explain to …

Most Firms Have Some Cyber Insurance But Gaps in Coverage Remain: Survey

The majority of businesses are insured against traditional cyber risks, such as breaches of personal information, but most remain vulnerable to emerging risks, such as malware and ransomware, revealing a potential gap in their insurance coverage. A study commissioned by …

Brit Global Specialty Adds Stodolski to U.S. Cyber Team

Shana Stodolski has been appointed assistant vice president, Cyber, for Brit Global Specialty USA. She will be based in Glastonbury, Conn. and be responsible for supporting the growth and underwriting of cyber insurance for BGSU. She joins from DUAL Commercial …

Cowbell Cyber Adds Social Engineering Coverage, Opens Platform to Non-Insureds

Cowbell Cyber, a startup insurtech using artificial intelligence (AI)-powered cyber insurance for small to mid-sized businesses (SMBs), has added social engineering coverage to its Cowbell Prime 100 cyber insurance product. The update mitigates financial losses from phishing or fraudulent emails. …

Beazley Appoints Greenwood as Head of Cyber & Executive Risk, Succeeding Donovan

Specialist insurer Beazley has appointed Bethany Greenwood as global head of cyber & executive risk (CyEx) from July 2020. She will join Beazley’s executive committee at the same time. Greenwood joined Beazley last September to lead the London market and …

Coronavirus Work-from-Home Response May Expand Cyber Risk

As U.S. employers ask employees to work from home to avoid exposure to coronavirus, they may be exposing themselves to another kind of risk: Cyberattacks. Aon recently issued an advisory cautioning employers to take steps to ensure that work-from-home employees …