Biz Interruption, Recovery Costs Drive Financial Losses From Cyber Attacks: Report October 14, 2021 By L.S. Howard During the COVID-19 crisis, global cyber attacks skyrocketed in a digital pandemic driven by ransomware, according to a report published...
What Corporations Can Do to Avoid Ransomware Attacks October 14, 2021 Allianz Global Corporate & Specialty (AGCS) has published a checklist of cyber risk management recommendations to help prevent ransomware attacks....
U.S. Property Insurers Could be Facing $12.5B in Hidden Cyber Losses October 12, 2021 The U.S. property insurance market is accumulating cyber exposures that could result in $12.5 billion in non-physical damage losses and...
Government Can and Should Help Reduce Cyber-Security Risks: ITC Highlights October 12, 2021 By Mark Hollmer It’s no secret that cyber insurance rates keep rising into the stratosphere. But the U.S. government can take specific actions...
People Moves: TigerRisk Names Harbor Hill Solutions’ Kilduff to Head MGA Business; AXA XL Insurance Promotes Gittler to Lead Cyber & Technology, Americas October 11, 2021 TigerRisk Names Former Harbor Hill Solutions CEO Kilduff to Head MGA Unit TigerRisk Partners LLC, the Stamford, Conn.-based re/insurance broker,...
Aon Launches ‘Ransomware Defence’ to Address Cyber Insurability Challenges October 8, 2021 Insurer Aon plc announced the launch of a new offering aimed at increasing the resilience of businesses in the UK...
Coalition Acquires Digital Commercial Agency Attune October 6, 2021 Coalition, a San Francisco-based cyber insurance and security company, has acquired Attune, a digital agency with a platform focused on...
Chubb’s Digital Platform Blink Partners With USAA on Cyber Insurance October 1, 2021 By Mark Hollmer Insurer Chubb’s new digital platform Blink is partnering with its first insurance carrier to offer cyber insurance to military families....
People Moves: Lockton Hires WTW’s Danyluk as Head Int’l Property, Wholesale; HSB Promotes Prentice in Cyber; Apollo’s Ker Becomes Castel’s Head of Performance September 30, 2021 Lockton Names WTW’s Danyluk as Head Int’l Property in Wholesale P/C Lockton, the world’s largest privately owned independent insurance broker,...
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...