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...
Acrisure Re Launches Cyber Reinsurance Division in Partnership with Kovrr June 14, 2021 Reinsurance broker Acrisure Re has launched a London-based cyber division in partnership with cyber risk modeler Kovrr. Headed by Cyber...
Insurers Must Totally Reassess Approach to ‘Grim’ Cyber Insurance Market: AM Best June 4, 2021 With the cyber risk hazard environment—ransomware, business interruption and aggregation—worsening significantly, “prospects for the U.S. cyber insurance market are grim,”...
People Moves: AXA’s Sayce to AGCS as Head of Cyber; AGCS’ Drubhra to HDI; Amwins Hires Miller’s Johnson, AFL’s Ritson, Nationale Nederlanden’s Dekker June 4, 2021 This wrap-up of international People Moves includes appointments at Allianz Global Corporate & Specialty (AGCS); HDI Global SE UK &...
Insuring Cyber: Lacewell on How New York Became a Leader in Cyber Regulation June 3, 2021 By Elizabeth Blosfield New York State Department of Financial Services (DFS) Superintendent Linda Lacewell spoke with Elizabeth Blosfield during the most recent episode...
Cyber Insurers Seeing Surge in Interest by Energy Companies Since Pipeline Attack May 28, 2021 By Laura Sanicola U.S. energy companies are scrambling to buy more cyber insurance after this month’s attack on Colonial Pipeline disrupted the U.S....
Cyber Insurers Hike Rates But Worry About Pricing Long-Term As Losses Mount: Fitch May 27, 2021 U.S. insurers offering cyber coverage have been implementing significant pricing and underwriting actions in 2021 in response to a spike...