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 reinsurers reconsider appetite as market softens
Concerns about market conditions weigh on sector as carriers look to develop more sophisticated non-proportional cyber reinsurance covers
MGA Arrow launches tech E&O practice
Former Volante Global executive Graeme King to lead new practice backed by Bridgehaven capacity
US cyber rates almost below adequacy: CFC
The cyber underwriter is among many in the market that are looking elsewhere for growth as rates continue to fall in the US and UK
Cyber market set to more than double by 2030: Lockton Re
Broker forecasts significant growth for the cyber insurance sector, calling for investment in data, modelling and product innovation to meet rising demand
Brit eyes international cyber growth
International segment offers more attractive pricing as cyber market continues to soften
Axis to slow cyber reinsurance growth
Bermuda-based group will now be ‘highly selective and modest’ in its growth ambitions for the book as market conditions deteriorate, reinsurance chief executive says
IQUW expands Bermuda reinsurance portfolio
Carrier adds mortgage, credit and cyber reinsurance lines to Bermuda platform
Cyber on Lloyd’s watchlist
Class has seen four consecutive years of rate reductions, but still has potential to reach new markets, Lloyd’s chief of market performance says
Envelop Risk appoints Murdoch-Smith as senior vice-president in Bermuda
JayLynn Hines and Sarah Kennerley also join cyber specialist
Incident response planning a key indicator of lower cyber risk: Marsh
Organisations that regularly engage in scenario-based breach response exercises are 13% less likely to experience a material cyber event, broker’s study finds
Rising GPS spoofing threat exposes gaps in marine insurance
Cyber exclusions, including the LMA5403 clause, are creating uncertainty for shipowners facing a surge in GPS spoofing incidents, according to the Association of Average Adjusters
Coalition launches cyber product in France
Active insurance aims to help French policyholders identify, mitigate and respond to emerging cyber threats before they escalate into major attacks
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