People Moves: Aon’s EMEA Promotions; Lockton Re Hires Charit from Aon; Miller Names Hobbs as Head of Cyber July 16, 2021 This edition of International People Moves covers appointments at three re/insurance brokers: Aon, Lockton Re and Miller. A summary of...
Coalition Enters Canadian Excess Cyber Insurance Market July 15, 2021 Coalition, the San Francisco-based cyber insurance and security company, announced it will enter the excess cyber insurance market in Canada...
Does It Ever Make Sense for Firms to Pay Ransomware Criminals? July 8, 2021 By Chris Beck and Blake Fleisher The global insurance company AXA announced in May it will stop writing cyber insurance coverage in France that reimburses customers...
Cyber Insurance Industry in Crosshairs of Ransomware Criminals July 7, 2021 By Frank Bajak In the past few weeks, ransomware criminals claimed as trophies at least three North American insurance brokerages that offer policies...
P/C Insurers Defend Ransomware Reimbursements in New Cyber Principles July 2, 2021 By Andrew G. Simpson The nation’s largest property/casualty insurance organization is defending ransom payment reimbursements by insurers in a new set of principles stressing...
Insurers’ Own Infrastructure Could Be Next Targets of Cyber Criminals July 2, 2021 By Mark Hollmer As “the next digital pandemic,” cyber risks are increasingly becoming a problem for insurers themselves, according to an industry expert....
Insurance Broker A.J. Gallagher Reports on Investigation Into 2020 Ransomware Attack July 1, 2021 By Andrew G. Simpson An investigation by insurance broker Arthur J. Gallagher & Co. into a ransomware attack on its systems last September has...
Insuring Cyber Podcast: How Insurtechs Are Helping Insurers Bridge the Digital Divide June 23, 2021 By Elizabeth Blosfield As the COVID-19 pandemic has pushed many insurers to embrace more technology, there has been some talk of how insurtechs...
Like ‘Terminator,’ High-Tech Cyber Crime to ‘Keep Coming’ June 23, 2021 By Alwyn Scott Businesses worldwide are fighting sophisticated data scientists as they battle to protect their data-rich computers from cyber crime —and the...
7 Major Cyber Insurers Form Company to Coordinate Cyber Analysis, Risk Mitigation June 21, 2021 With cyber attacks and insurance claims on the rise, leading cyber insurers AIG, AXIS, Beazley, Chubb, The Hartford, Liberty Mutual...