Resilience acquires incident response platform BreachQuestResilience has acquired BreachQuest, an incident response technology solution that will allow the cyber insurtech to help clients combat the rise of business email compromise and increase incident preparedness, The Insurer can reveal.
TVWilliam Pitt: Cyber set to light touch points between underwriter and insuredWhile most traditional insurance lines typically see relatively limited interaction between insurers and policyholders, the emerging cyber market redefines the relationship between the two parties.
Beazley forms cyber risk management firm Beazley SecurityBeazley has merged its in-house cyber services team with wholly-owned cyber security company Lodestone to create Beazley Security, an integrated cyber risk management company.
When a wunderkind grows upCyber could change the insurance market profoundly. But first it needs to overcome its own growth constraints.
Draft UK cyber governance code – a boon to cyber insurers?Matt Waller, head of underwriting, UK at Corvus Insurance, argues that the UK government’s draft addresses a fundamental component of good cybersecurity – buy-in from the very top.
Intangic’s Dodd: Customisation is “next phase” of cyber market as prices stabiliseChanging demands and expectations among large corporate buyers of cyber insurance are driving carriers to compete for market share at a macro level while also addressing concerns around aggregate risk, according to Intangic MGA CEO Ryan Dodd.
NetDiligence panel: New SEC cyber disclosure rules expected to increase third-party claimsNetDiligence panel: New SEC cyber disclosure rules expected to increase third-party claims
TVSurefire CEO: Recent surge in threat activity “helpful indicator” for potential cat eventSurefire Cyber’s CEO said that the wave of threat activity in recent years has provided “a helpful indicator” of how the industry might respond to a catastrophic cyber event, which he said remains a “difficult problem” with more answers needed.
TVArch’s Marshall calls for increased focus on longer-tail cyber exposuresAs the cyber insurance market continues its growth trajectory, one of the major uncertainties is around third-party losses and potential tail risk.
KYND secures BGF and Verisk funding to grow cyber risk platformUK cyber insurtech KYND has secured “substantial” investment from Verisk and existing capital investor BGF to accelerate its expansion and further growth.
Zurich NA cyber product lead Lewis joining Lockton ReZurich North America cyber product leader Brian Lewis is heading to reinsurance broker Lockton Re, The Insurer can reveal.
Kemper unit Trinity Universal confirms missing data contains personal infoKemper Insurance subsidiary Trinity Universal Insurance Company has confirmed backup tapes that went missing last year during a company office relocation did contain personal information.
CFC names Scor’s Tanner chief actuaryCyber insurer CFC has appointed Scor’s Samantha Tanner as chief actuary.
WTW unveils $20mn primary cyber and tech E&O facility for international clientsWTW has launched a primary cyber and tech E&O facility, designed to provide increased limits for international clients headquartered outside of GB and US.
$500mn+ US cyber loss index used for first ILS and ILW transactionsThe US Cyber Industry Loss Index from CyberAcuView and Perils has enabled the first cyber industry risk transactions to be placed using an industry loss trigger, its founders have said.
Upland adds Indigo and Validus staff to spearhead PL E&O and excess cyber movesUpland Capital Group has hired a Kate Walas-led team from Indigo Specialty Underwriters to spearhead the E&S carrier’s entry into the professional liability E&O sector and also recruited a pair of Validus Specialty staff to lead its push into the excess cyber liability segment.
UK Cyber Monitoring Centre can help limit insurers’ systemic exposure: MayesThe real-time capabilities of the UK Cyber Monitoring Centre’s event declaration and classification of systemic events will enable insurers and policyholders to have greater clarity of the definition of products and coverage, according to the Centre’s CEO William Mayes.
CyberCube says it surpassed 100 clients and generated double-digit growth in ’23Modelling firm CyberCube said its client base exceeded 100 in 2023 while it also generated double-digit revenue growth, with 75 percent of the top 40 US and European cyber insurance carriers by gross written premium now using its service.
MGA Nirvana names García–Beltrán European head of cyberSpecialty MGA Nirvana has appointed cyber veteran Andrea García–Beltrán as head of cyber Europe.
Marsh Specialty names McGill’s Fort as international cyber product leaderMarsh Specialty has appointed McGill & Partners’ Shannan Fort as international cyber product leader.