cyber underwriting News

Cyber Insurtechs and Insurers ‘In This Together,’ Not in Competition

Insurtechs and insurance companies are “breaking down the wall” that stood between them as competitors in favor of working together to tackle dynamic cyber risk. “We’re all trying to solve the same problem,” said Lori Bailey, chief insurance officer at …

Capacity Crunch in Cyber Expected to Continue, Says CyberCube’s Baker

Cyber insurance is experiencing a capacity crunch right now, and although that is expected to continue through at least the end of the year, it’s not all bad news, according to Brittany Baker, senior director of technical sales at CyberCube, …

RMS Updates Cyber Application Offerings, Targets ‘Silent’ Cyber Risks

Catastrophe modeler RMS has made updates to its cyber offerings to target emerging cyber risks. Among the updates is the new Cyber Solutions Version 5.0 application that allows users to price and select cyber risks without large amounts of historical …

Axis Adds Swiss Re, NAS and Hiscox Veterans to U.S. Cyber Insurance Team

Specialty insurer AXIS Insurance announced the hiring of three experienced underwriters to its U.S. Cyber and Technology team. Peter Smith will join AXIS as underwriting manager, while and Emma Werth and Jessica Currier will join as senior underwriters. Smith will …

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 …