Apac cyber demand growing at 50% per year: Gallagher Re
The cyber insurance market in Apac represents a small proportion of the total cyber market, but demand is growing strongly
CFC opens Madrid office
Filippo Cibin joins from Fusion Specialty to lead CFC’s transaction liability business in southern Europe
Email compromise claims costs surge in latest NetDiligence study
The average cost of a business email compromise claim has more than doubled to $183,000 in 2023, the company said
Chaucer-backed Cowbell expands to cover $1bn revenue US companies
Middle-market insureds will benefit from $5M primary and excess limits
Cyber reinsurance market ‘finally favourable’ for buyers: Aon
Broker predicts global cyber premiums will double by 2029 To $30bn
Allianz appoints new global head of cyber
Vanessa Maxwell remains global head of financial lines alongside her new role
Canopius swoops on Talbot for cyber underwriter
Canopius Group has appointed Talbot’s Chris Getty as cyber and technology underwriter
Insurers risk ‘not being there for society’ if cyber challenge isn’t met: Lloyd's Tiernan
Lloyd’s Patrick Tiernan has warned the insurance industry risks becoming less relevant to customers if it doesn’t address the problem of cyber
21% of Marsh clients reported a cyber incident in 2023
Broker Marsh has revealed that 21% of its cyber insurance clients experienced a cyber incident in 2023, up from 28% the previous year
Vantage Risk introduces US primary cyber insurance
Vantage Group Holdings will begin offering US primary cyber insurance with up to $10m in coverage capacity
Cyberattacks increasingly threaten global creditworthiness: Moody’s
The rising number and sophistication of cyberattacks are increasingly eroding the creditworthiness of companies, Moody’s has warned.
MGA Nirvana renews Media, Technology and Cyber binder, adds Scor and Argenta to panel
MGA Nirvana has announced the renewal of its Media/Technology Errors & Omissions and Cyber (MTC) binding authority and added two Lloyd’s syndicates, Scor and Argenta, to its capacity panel.
The Baldwin Group launches cyber placing platform
The Baldwin Group has launched an API-connected platform designed to streamline cyber insurance underwriting, backed by six top cyber carriers.
UK cyber rates down 12% YOY amid capacity glut; further decreases expected: Marsh
Cyber insurance rates for Marsh’s larger UK clients fell 12% in the first quarter of 2024, with further rate decreases expected
