Chaucer-backed Cowbell expands to cover $1bn revenue US companies
Middle-market insureds will benefit from $5M primary and excess limits
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
Mosaic-backed cyber facility launches, targeting mid-market US risks
Incyde Risk, backed by Mosaic 1609 and other Lloyd’s syndicates, will provide up to $25m in capacity on a primary and first-excess basis
Cyber premiums fell in 2023 but demand for bundled policies remains high: Fitch
Despite robust demand and continued profitability, US cyber insurance premiums saw a slight decline in 2023, the first dip in years, as market dynamics and pricing pressures challenge insurers navigating an evolving risk landscape.
Global cyber rates increased 1% in Q2: Marsh
A fall in US cyber rates was offset by increases in the UK, Europe and Asia