Pool Re Completes £2.3B ($3.1B) Terrorism Retrocession Placement March 1, 2019 Pool Re, Britain’s state-backed terrorism reinsurer, has today completed placement of its £2.3 billion (US$3.1 billion) retrocession program with more...
U.K. Cyber-Security Startup Tessian Raises $40M to Support U.S. Expansion February 28, 2019 By Jeremy Kahn Sequoia Capital has backed a London-based cyber-security startup founded by a trio of former banking analysts, who were surprised how...
Global Malware Attack Could Cost Insurers $27 Billion January 29, 2019 By Noor Zainab Hussain A coordinated global cyber attack, spread through malicious email, could cause economic damages anywhere between $85 billion and $193 billion,...
Failure to Mitigate Climate Change, Cyber Attacks Are Top Global Threats: WEF January 17, 2019 By Jill Ward The failure to tackle climate change and extreme weather events are the most threatening global risks this year, according to...
Cyber Joins Business Interruption as Top Global Business Risks: Allianz Survey January 16, 2019 By L.S. Howard Cyber incidents join business interruption as the top risks facing global businesses, according to a survey conducted by Allianz Global...
Jan. 1 Renewals Saw ‘Muted Impact’ from 2018’s Catastrophes: Guy Carpenter January 14, 2019 The overall impact of catastrophe losses on property rates was muted at the Jan. 1, 2019 reinsurance renewals, but the...
Most UK SMEs Don’t Understand Risks of Cyber Attacks, Data Loss: Aon Poll December 13, 2018 A poll of small and medium-sized enterprises (SMEs) and micro businesses in the UK shows over half are confused by...
Willis Towers Watson Launches Cyber Solution for Airports November 19, 2018 In response to cyber and digital risk being identified as the top concern facing airports today¹, Willis Towers Watson has...
AIR Worldwide Develops Probabilistic Model for Global Cyber Risks October 22, 2018 Catastrophe risk modeling firm AIR Worldwide announced it has developed a probabilistic model for cyber risk, which is capable of...
Generali Launches Cyber Insurance Function and Cyber Security Subsidiary October 9, 2018 Generali has launched a new Cyber Insurance function and the formation of a cyber security company. The Cyber Insurance function...