Cyber
Cyber remains a major opportunity for global specialty re/insurers with premiums rocketing in recent years. Awareness of the risks posed by cyber is also rising, with companies taking action to ensure ‘silent’ cyber is not present within business written across several other classes of business. While several re/insurers are actively growing their position in the cyber market, this class has yet to be tested by a major catastrophic loss event. Understanding the risk potential of cyber exposures is vital as the market continues to grow.
Westfield Specialty aims to be a ‘significant’ cyber leader in London
Newly launched cyber offering will initially target the middle-market and large corporate segments
Cyber reinsurance pricing softens at 1/1
Abundant capacity and manageable loss environment further tilt supply-demand dynamics in favour of cedants
States call for creation of Maritime Cyber Code
A group of 38 countries and the biggest shipping industry bodies are backing a call for the IMO to develop a new Maritime Cyber Code to make the fight for cyber security more consistent
Cyber insurers ‘overly concerned’ about war: Markel’s Burgess
While some insurers have introduced exclusions for indirect cyber war exposures, Markel has decided to offer affirmative cover
Beazley completes $300m cyber catastrophe bond
Specialty carrier sponsors seventh and largest cyber catastrophe bond with innovative sub-layer structure
IQUW launches D&O, finpro and cyber lines in Bermuda
Re/insurer continues expansion of Bermuda platform
UK ransomware payment ban could ‘significantly shift’ cyber market
Underwriters will need to assess how their exposure changes if payment is no longer a recovery option, legal experts say
Cyber market to grow 5% to 10% annually: S&P Global
With growth slowing in maturing markets, the sector is under pressure to find new markets
Global ransomware threat rises as soft market persists
Widening cyber hygiene gap means insurers must refine underwriting strategies as soft market endures, according to analytics firm CyberCube
Cyber, geopolitics and bankruptcies push D&O risk higher for 2026
Five years of increasing numbers of bankruptcies and rising cyber losses are creating a tougher legal and regulatory environment for boards, Allianz warns
Westfield Specialty launches London cyber practice
London market carrier says the segment is ‘ripe for investment’
Cyber insurers primed for growth in 2026
After another year of very public losses, insurers are expecting increased demand for cyber cover next year
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