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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.

Cyber

Softening cyber market threatens price adequacy, Brit's Maidment warns

Too much emphasis is being put on the recent dip in ransomware attack frequency, London market carrier’s head of cyber says

London Brit

Aegis London returns to cyber market

Lloyd’s insurer hires two cyber underwriters from AIG to spearhead re-entry into the class

London Lloyds

US cyber profits grow again in 2023

But premium growth stalls, declining 2% during the year, following years of rapid expansion

United States Cyber

Hannover Re sponsors first cat bond to cover cloud outages

Reinsurer secures $13.75m of retro coverage through Cumulus Re issuance

United States Hannover Re

Newline launches cyber liability business in Germany

Johannes Beckers joins from Zurich as cyber liability lead

Europe Germany

Munich Re prepared to work with governments on systemic cyber

The global reinsurer said it was ready to work towards an ‘alternative solution’ to potentially catastrophic cyber events

Munich Re Reinsurance

Hannover Re combines cyber and digital business units

Newly formed specialty reinsurance business unit will be led by Stefan Sperlich as managing director

Europe Hannover Re

Marsh launches cyber captive insurer

Edgware Re is designed to provide organisations with ‘more control and stability’ in their cyber insurance programmes

North America Marsh

Blue-chip London carriers reveal mixed picture on property, D&O and cyber

With Hiscox, Beazley and Lancashire reporting a bumper set of full-year results, Insurance Day analyses some of the key themes to emerge

London Beazley

Insurance regulators must plan for a catastrophic event: FIO’s Seitz

Federal Insurance Office director highlights the ways re/insurers must address terrorism, cyber and climate risk

United States Bermuda

BMS names Leahy cyber practice co-lead

Leahy joins the re/insurance broker from Howden where he was divisional director for cyber and technology

London Broker

Brit launches cyber consortium for large corporates

The Lloyd’s consortium will offer up to $50m of cover and aims to create a more efficient placement process

London Lloyds
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