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Email compromise claims costs surge in latest NetDiligence study
Insurance Lorenzo Spoerry 20/09/2024 Insurance Lorenzo Spoerry 20/09/2024

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

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Chaucer-backed Cowbell expands to cover $1bn revenue US companies
Insurance Lorenzo Spoerry 19/09/2024 Insurance Lorenzo Spoerry 19/09/2024

Chaucer-backed Cowbell expands to cover $1bn revenue US companies

Middle-market insureds will benefit from $5M primary and excess limits

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Cyber cedants will be met with ‘positive’ reinsurance market at 1/1/25: Guy Carp
AI, Reinsurance Lorenzo Spoerry 05/09/2024 AI, Reinsurance Lorenzo Spoerry 05/09/2024

Cyber cedants will be met with ‘positive’ reinsurance market at 1/1/25: Guy Carp

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Insurers risk ‘not being there for society’ if cyber challenge isn’t met: Lloyd's Tiernan
Insurance Lorenzo Spoerry 14/06/2024 Insurance Lorenzo Spoerry 14/06/2024

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

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Berkshire’s Warren Buffet warns of ‘huge’ loss potential in cyber
Insurance Lorenzo Spoerry 05/06/2024 Insurance Lorenzo Spoerry 05/06/2024

Berkshire’s Warren Buffet warns of ‘huge’ loss potential in cyber

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At-Bay expands coverage for big business
Insurance Lorenzo Spoerry 03/06/2024 Insurance Lorenzo Spoerry 03/06/2024

At-Bay expands coverage for big business

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CFC Canada swoops on Coalition for cyber leader
Insurance Lorenzo Spoerry 31/05/2024 Insurance Lorenzo Spoerry 31/05/2024

CFC Canada swoops on Coalition for cyber leader

Kelly McGuinness’s appointment as the new cyber, tech, and professional liability development leader marks the first major appointment by newly-appointed chief executive Kate Della Mora.

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UK retailers in crosshairs of cyber-criminals but insurance take-up remains low 
Insurance Lorenzo Spoerry 28/05/2024 Insurance Lorenzo Spoerry 28/05/2024

UK retailers in crosshairs of cyber-criminals but insurance take-up remains low 

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Stark increase in cyber attack damages for German companies: KPMG
Insurance Lorenzo Spoerry 27/05/2024 Insurance Lorenzo Spoerry 27/05/2024

Stark increase in cyber attack damages for German companies: KPMG

More than half have reported escalating cyber-related total losses

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IAG Launches specialist SME Cyber Underwriting Agency
Insurance Lorenzo Spoerry 25/05/2024 Insurance Lorenzo Spoerry 25/05/2024

IAG Launches specialist SME Cyber Underwriting Agency

IAG has partnered with UpGuard and Crawford & Company to deliver a product aimed at companies with revenues of up to A$10m

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Competition ‘returning to cyber market’: Howden
Insurance, Reinsurance Lorenzo Spoerry 02/01/2024 Insurance, Reinsurance Lorenzo Spoerry 02/01/2024

Competition ‘returning to cyber market’: Howden

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Howden swoops on Marsh for international head of cyber
Insurance Lorenzo Spoerry 16/11/2023 Insurance Lorenzo Spoerry 16/11/2023

Howden swoops on Marsh for international head of cyber

Howden has appointed Jean Bayon de La Tour as international head of cyber

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Connected devices increase manufacturing cybersecurity risks: Zurich
insurance Lorenzo Spoerry 18/08/2023 insurance Lorenzo Spoerry 18/08/2023

Connected devices increase manufacturing cybersecurity risks: Zurich

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Global cyber rates increased 1% in Q2: Marsh
Lorenzo Spoerry 31/07/2023 Lorenzo Spoerry 31/07/2023

Global cyber rates increased 1% in Q2: Marsh

A fall in US cyber rates was offset by increases in the UK, Europe and Asia

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Beazley grows cyber book by 14%
insurance Lorenzo Spoerry 27/07/2023 insurance Lorenzo Spoerry 27/07/2023

Beazley grows cyber book by 14%

Beazley foresees strong demand for cyber products in the European market

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