FedEx Goes Cyber Insurance Shopping After Profit Takes Hit from Attack September 20, 2017 By Eric M. Johnson Package delivery company FedEx Corp. said on Tuesday a June cyber attack on its Dutch unit slashed $300 million from...
Sciemus Partners with HSCM Bermuda and Is Renamed Argon Underwriting September 13, 2017 Sciemus, a specialty Lloyd’s MGA, is forming an investing partnership with HSCM Bermuda, a firm that invests in reinsurance and...
Banks Seek More Insurance Protection Against Cyber Attacks, Rogue Traders August 30, 2017 By Carolyn Cohn Banks are increasingly turning to insurance to protect their capital from “operational risks” like cyber attacks and rogue traders, and...
Demand for Cyber Insurance in China Expected to Rise After WannaCry Attack: AIG August 9, 2017 By Julie Zhu Demand for cyber insurance from firms in Greater China and elsewhere in Asia is poised to soar, based on inquiries...
Canada’s Economical Offers Cyber Cover for Business Losses After Data Breaches August 7, 2017 Economical Insurance has launched cyber coverage that is available to commercial policies to support Canadian businesses in the event of...
JLT Re Appoints Ed’s Gray as Cyber Treaty Specialist, London & International Team August 3, 2017 JLT Re, the global reinsurance broker and consultant, has appointed Ben Gray as a partner in JLT Re’s London &...
XL Catlin Offers Cyber & Data Protection Policy in Asia Pacific August 2, 2017 XL Catlin announced it has launched its Cyber and Data Protection insurance policy in Asia Pacific. With cyber risk ranking...
BHSI Taps AIG’s Maxwell, Chubb’s Dilley for Exec. & Professional Lines in S. Europe July 26, 2017 Berkshire Hathaway Specialty Insurance (BHSI) announced the appointments of Vanessa Maxwell as head of Professional Indemnity & Cyber Insurance and...
Major Cyber Attack Could Cost Global Economy $53 Billion: Lloyd’s July 17, 2017 By Suzanne Barlyn A major, global cyber attack could trigger an average of $53 billion of economic losses, a figure on par with...
Looming EU Cyber Rules to Provide ‘Shot in Arm’ for Cyber Market: A.M. Best July 12, 2017 The European Union’s looming General Data Protection Regulation (GDPR) will require mandatory notification of serious data breaches and potentially massive...