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...
Congress Studying Federal Reinsurance for Cyberterrorist Attacks May 26, 2021 By Andrew G. Simpson A research arm of Congress is studying the costs of cyber attacks on the U.S. infrastructure and whether the backup...
Beneath the Surface: Why Insurers Should Look Beyond “the Tip of the A.I. Iceberg” May 24, 2021 By Elizabeth Blosfield Nearly 75% of respondents in a recent survey from the Coalition Against Insurance Fraud and Shift Technology said they believe...
CNA Paid $40 Million in Ransom After March Cyber Attack May 21, 2021 By Kartikay Mehrotra and William Turton CNA Financial Corp., among the largest insurance companies in the U.S., paid $40 million in late March to regain control...
What 3 Experts Are Saying About Pipeline Attack and Cyber Insurance May 18, 2021 Here is what AM Best, Fitch Ratings and CyberCube think about the recent ransomware attack that shut down Colonial Pipeline:...