Trium Cyber syndicate gets green light from Lloyd’s
Asta-managed Trium Cyber, headed by Josh Ladeau, to start underwriting January 1, 2023.
Swiss Re says cyber to be 'as big as property' by 2040
But reinsurer will remain underweight in cyber until the risk is better understood.
Hannover Re aims to keep cyber business broadly stable
Carrier to write €550m to €600m of cyber premiums this year.
Should ransomware payments be made illegal?
Opponents of the practice argue that paying cybercriminals incentivizes them to carry out their next attack, but a ban could have many negative consequences.
Scor’s cyber presence ‘already matching risk appetite’
Scor’s relatively small presence in cyber is due to concerns about accumulation risk.
Munich Re sees cyber market share falling as market booms
Munich Re says it benefited from ‘being an early mover’ in cyber, where it holds a 14% market share.
Western companies, especially energy, in firing line from Russian cyber attacks, report says
Russian hackers seeking to undermine West's efforts to wean itself off Russian gas.
US cyber premiums soared 76% in 2021
Premiums per policy continued to rise, as did loss severity.
Analysis: Reinsurers remain keen but cautious on cyber risk
Cyber reinsurers are convinced of the need to service their clients’ cyber needs, while remaining cautious in their exposure to this fast-moving peril.
Lull in cyber attacks unlikely to last, experts say
The war between Russia and Ukraine has temporarily switched hackers' focus away from Western targets.
Squeeze in cyber reinsurance to get worse: Guy Carpenter
Increased demand from insurers coupled with limited capacity is about to make the market for cyber reinsurance even tighter, according to Guy Carpenter, a major reinsurance broker.
Q&A with Guy Carpenter: Are reinsurers meeting the needs of cedants?
Increased demand from insurers coupled with limited capacity is about to make the market for cyber reinsurance even tighter, according to Guy Carpenter, a major reinsurance broker.
Gallagher Re appoints Goring to head up North American cyber hub
Gallagher Re is aiming to expand its presence in North America, which makes up around half the global cyber market
Contributed content: What re/insurers need to know about destructive wiperware
Wiperware is being used as a weapon of war in the Russia/Ukraine conflict.