Guidance and Insurance Implications for the CDK Global Cyberattack June 28, 2024 By John Farley On June 18 and 19, 2024, CDK Global (CDK), a leading provider of cloud-based software to auto dealerships in North...
People Moves: InsureTrust Names Kozel Senior VP June 4, 2024 InsureTrust, an Atlanta-based specialty broker specializing in cyber risk, has named Sonja Kozel as senior vice president. Kozel, with 10...
S&P: 2023 Marked Stall of Rapid Growth in US Cyber Insurance May 22, 2024 By Chad Hemenway S&P Global Market Intelligence weighed in on the U.S. cyber insurance marketplace, reporting that premium dipped in 2023 to end...
Markets/Coverages: Coalition Enters Excess Cyber Insurance Market in Australia May 15, 2024 Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, announced it entered the excess cyber insurance market in...
Berkshire’s Jain on Cyber: ‘The Mindset Should Be You’re Not Making Money’ May 6, 2024 By Chad Hemenway While describing cyber insurance as a “fashionable” and profitable business, Berkshire Hathaway’s head of insurance operations said aggregation and loss...
Markets/Coverages: Marsh Expands Cyber Facility ECHO, Offering Up to $125M of Excess Insurance Capacity April 29, 2024 Marsh, the insurance brokerage business of Marsh McLennan, announced an additional $25 million layer of capacity to its existing $100...
Lockton Re: Hypothetical Cyber Event Offers Carriers an Opportunity to Review Risks April 26, 2024 A simulated cyber catastrophe highlights the benefits and problems cyber insurance carriers will encounter as a result, according to a...
Markets/Coverages: Ariel Re and Hiscox Re & ILS Launch Cyber Catastrophe Consortium April 25, 2024 Re/insurer Ariel Re and Hiscox Re & ILS, the reinsurance and insurance linked securities arm of insurer Hiscox, announced the...
Cerebral Inc. to Pay $7M for Data Exposure, Non-Cancels on Counseling Subscriptions April 17, 2024 By Insurance Journal Staff Reports Cerebral Inc., a major U.S. provider of telemedicine mental health services, will likely have to pay $7 million in penalties...
CRC Moves InsureTrust Cyber Broker to Wholesale Division April 16, 2024 Alabama-based CRC Group, a wholesale and specialty distributor and part of Truist Insurance Holdings, has shuffled its deck a bit,...