Firms Turn to Kidnap Insurance Policies to Cover Ransomware Losses May 19, 2017 By Suzanne Barlyn and Carolyn Cohn Companies without cyber insurance are dusting off policies covering kidnap, ransom and extortion in the world’s political hotspots to recoup...
Novae Expands Cyber Team with Appointment of Quick from IBM May 19, 2017 Novae Group plc, the specialist listed Lloyd’s insurer, announced that Stuart Quick has joined its cyber team as breach response...
Many Non-U.S. Firms May Be Uninsured for Recent Ransomware Attack May 15, 2017 By Carolyn Cohn and Suzanne Barlyn Many companies outside the United States may not have cover for a recent computer-system attack, leaving them potentially with millions...
London-Based MGA Nexus Offers Cyber Insurance in Partnership with Beazley May 10, 2017 Nexus Group, the London-based independent specialty managing general agent (MGA), has formed a partnership with Beazley to provide cyber insurance...
High-Profile Cyber Attacks Drive Growth of Cyber Crime Insurance May 10, 2017 By Oliver Suess For companies and organizations, an attack by hackers can inflict financial losses, corporate embarrassment and legal action. For insurers jumping...
Beazley Offers ‘Seamless’ Financial Lines Cover for Crime, PI & Data Breaches May 8, 2017 Beazley has unveiled two sets of financial lines’ products for organizations domiciled outside the United States. One is designed for...
Beazley Taps HCC Global’s Segovia to Lead Financial Lines on Continent May 5, 2017 Specialist insurer Beazley has appointed Lorena Segovia to the newly created role of financial lines regional manager for continental Europe....
Future Tech to Create Lower Claims Frequency, New Threats: Allianz Report April 20, 2017 By L.S. Howard Technology is expected to be a major driver of liability claims in the years ahead – cutting frequency and increasing...
Political Risk a Growing Concern, Say Brokers, Insurers April 13, 2017 By Brandon Kochkodin and Sonali Basak Evan Freely has been insuring global risks for years — through the 2008 market meltdown, the 2002 crisis in Argentina,...
Cyber Insurance: Many Choices Now That There Is No Choice April 12, 2017 By Joseph S. Harrington, CPCU, ARP Every organization, of every size and operational orientation, needs cyber insurance to manage its exposures in this age of networked...