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,...
Fitch: U.S. Cyber Insurers Saw Strong Profits, Slowdown in Premium Growth in 2023 April 16, 2024 The U.S. cyber insurance line generated strong direct underwriting profits for the second straight year in 2023, but written premium...
SC’s Top Officer: No Details on 2012 Hack That Forced $12M in Cyber Insurance April 12, 2024 By Jeffrey Collins COLUMBIA, S.C. (AP) — Twelve years after a hacker stole personal data from more than 3.6 million people in South...
Markets/Coverages: Munich Re’s HSB Launches Cyber Insurance for Autos April 3, 2024 With millions of connected vehicles on U.S. roads, personal cars and trucks will likely be the next big target for...