cyber underwriting News

Corvus Insurance Opens Location in Dallas, Hires Wagner as VP, Cyber Underwriting

Boston-based Corvus Insurance, an artificial intelligence (AI)-driven insurtech company offering Smart Commercial Insurance policies, has opened an office in Dallas and hired Greg Wagner as vice president of Cyber Underwriting, based in the Dallas office. Wagner joins Corvus with 12 …

Chubb Appoints Nazir from Aspen as Cyber Underwriting Manager, UK & Ireland

Chubb announced the appointment of Raheila Nazir as cyber underwriting manager for the UK and Ireland. In this role, Nazir will have responsibility for the leadership and direction of Chubb’s UK&I Cyber Underwriting team, in addition to managing product development …

XL Catlin to Offer Network Modeling, Cyber Risk Scoring Platform Through RedSeal

XL Catlin and RedSeal have partnered on a new approach to cyber insurance using an objective measurement of a network’s resilience to help underwriters evaluate their clients’ risks over time and help clients continue to improve their cybersecurity and potentially …

Zurich North America Names Ironshore’s DeLong VP of Cyber Underwriting

Zurich North America has hired Yosha DeLong as vice president of cyber underwriting, a role that expands Zurich’s cyber resources as the cyber exposures continue to evolve beyond data security. DeLong will lead the continued development of the company’s cyber …

Fitch Urges Insurer Caution as Cyber Insurance Demand Grows

The recent ransomware attacks in more than 150 countries are likely to increase demand for related insurance protection as they reveal the widening scope of corporations’ cyber risk exposures. But Fitch Ratings says insurers should take a cautious approach to …

Rating Agency Warns P/C Insurers on Taking On Too Much Cyber Risk

If they are not careful, property/casualty insurers could jeopardize their credit ratings with their expansion into standalone cyber insurance, a rating agency has warned. Cyber attacks pose dangerous risks and uncertainty within many industries and thus “aggressive expansion” by insurers …

Cyber Insurance Underwriting Moves from ‘Toddler’ to ‘Teen’ As Insurers Learn from Claims

Given the fact that the insurance industry paid out more than $400 million in highly publicized cyber liability insurance claims in 2014 alone, one might think that insurers would be shying away from the line. But one would be wrong, …

Where Cyber Insurance Underwriting Stands Today

“You would think the first question to ask would be: Do insured parties understand the elements and limitations of coverage?” said Kevin Kalinich, speaking on cyber risk. “The real first question is: Do the insurance companies understand?” Kalinich, global practice …