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
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.
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
Corvus doubles cyber limits to $10m, expands small business cyber offering
Companies with revenues of less than $10m will see a ‘particular focus’
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
Howden launches cyber insurance platform for SMEs
Howden has launched a cyber insurance platform for SMEs that offers coverage limits up to $6m and requires only four pieces of information for a quote.
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.
