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.
London risks underestimating Apac cyber market: Gallagher Re
'There’s even more capacity in Apac than we realised before,' reinsurance broker's international cyber lead, Jen Braney, says
LSM names Delvos European head of cyber tech E&O
Delvos joins from Corvus Insurance, where he was managing director and led their international and European operations
Rokstone launches cyber division
Aventum-owned managing general agent hires Miller’s head of cyber to lead new unit
TMK names Silvestre head of cyber reinsurance solutions
Lloyd's business hires former Beazley underwriter to lead roll-out of new cyber reinsurance offering
Markel promotes Davies to London market MD
Davies takes charge of Markel’s newly formed London market business following restructure
AI increasing physical cyber risk in shipping
AI-based coding tools could make complicated marine systems hackable by 'novice' threat actors, the joint Insurance Day/Lloyd’s List podcast has heard
Cyber and D&O rate declines moderating: Aon
The global insurance markets saw continued pressure on pricing in the third quarter, according to Aon
Gallagher Re launches Apac cyber framework
Reinsurance broker looks for cyber growth in international markets
Amwins launches SME-focused cyber product
Wholesaler’s product aims to address common frustrations in the SME market including confusing policy language and inadequate limits
Escalating geopolitical tensions drive demand for cyber cover
Growing recognition among organisations that cyber incidents are increasingly originating from nation state actors, survey finds
AWS outage insured losses between $38m and $581m: CyberCube
Preliminary estimate suggests only a moderate loss ratio impact for cyber insurers from the Amazon Web Services outage, despite disruption to thousands of organisations worldwide
AWS cloud outage already driving demand for cover
Cyber insurance expected to face losses from Amazon Web Services outage, according to Parametrix’s chief commercial officer
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