Marsh cyber insurance News

Cyber Insurance Sales to U.S. Businesses Picking Up: Marsh

The share of businesses buying cyber insurance continued to increase in 2019, driven by growing recognition of cyber threats as a critical business risk, says a new report. Marsh’s 2019 Cyber Insurance Purchasing Trends Report found that 42 percent of …

Marsh Taps Army Veteran, JLT Exec Sawyer to Lead U.S. Cyber Risk Consulting

Global insurance broker Marsh has appointed Reid Sawyer as U.S. Cyber Risk Consulting leader. In this newly created role, Sawyer will lead the strategy and delivery of Marsh’s cybersecurity consulting services in the U.S., working with Marsh’s cyber insurance brokerage …

How Cyber Insurance Supports the Fight AGAINST Ransomware: Marsh

As the cyber insurance market continues to grow, it’s only natural to discuss its place in the battle against cyber-attacks, including ransomware, which has been a prevalent topic in recent months. Over the last several years, the cyber insurance market …

Anxiety, Policy Limits Rising Ahead of California’s Sweeping Data Privacy Law

Robert L. Wallan’s clients are keeping him quite busy as they fret about the implementation next year of the nation’s most far-reaching data privacy law, which gives California consumers more control over their personal data. Wallan, a partner in Pillsbury …

Cyber Insurance Demand, Supply, Awareness Continue to Grow: Marsh

The message about the need to take cyber risk and insurance seriously is getting through to companies and boardrooms. “As risk awareness has grown, more organizations, particularly those focused on their business interruption risk, are turning to the cyber insurance …

P/C Insurers Rush to Meet Rising Demand for Cyber Insurance

Insurers flush with capital are rushing to grab part of an expanding cyber coverage market that’s been spurred on by high-profile hackings at JPMorgan Chase & Co. and Home Depot Inc. Sales are set to double this year from about …

Insurers in Dash for Expertise to Master Cyber Risk Insurance

Insurers are eagerly eyeing exponential growth in the tiny cyber coverage market but their lack of experience and skills handling hackers and data breaches may keep their ambitions in check. High profile cases of hackers seizing sensitive customer data from …

More Clients Buying, Increasing Cyber Insurance: Marsh

More companies are buying cyber insurance to protect their organizations from the financial consequences of a data breach or cyber attack, according to a report by global broker Marsh. The number of Marsh US clients purchasing cyber insurance increased 33 …