Insurance Day is part of Maritime Intelligence

This site is operated by a business or businesses owned by Maritime Insights & Intelligence Limited, registered in England and Wales with company number 13831625 and address c/o Hackwood Secretaries Limited, One Silk Street, London EC2Y 8HQ, United Kingdom. Lloyd’s List Intelligence is a trading name of Maritime Insights & Intelligence Limited. Lloyd’s is the registered trademark of the Society Incorporated by the Lloyd’s Act 1871 by the name of Lloyd’s.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support +44 (0)20 3377 3996 / APAC support at +65 6508 2430

Printed By

UsernamePublicRestriction

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

Zurich to buy cyber insurer Boxx

Toronto-based Boxx was one of the first all-in-one cyber insurance and protection companies

North America Cyber

Expanding cyber to international markets requires clear messaging: CFC’s Philippa Berry

Coverage developments have made the cyber product more appealing to markets outside the US, underwriting firm’s head of portfolio partnerships, Philippa Berry, tells the Insurance Day Podcast

International London

Half of firms do not have cyber insurance, survey finds

Phishing and social engineering attacks are most cited cyber peril

International Cyber

Cyber reinsurance rates fall at 7/1

Pricing on aggregate covers falls 15% to 20% amid excess reinsurance capacity and a slowdown in market's organic growth

Specialty Cyber

Marsh launches European cyber facility for mid-sized businesses

The facility will offer limits of up to $5m and promises to remove barriers to buying cyber insurance

Europe Cyber

Hacking group shifts target from retailers to insurers

Aflac, Erie Indemnity and Philadelphia Insurance have been hit by cyber attacks this month

United States Risk Management

Middle East war threatens marine, aviation and cyber lines: Morningstar DBRS

Accumulation of risk exposures across war, cyber, travel, and political risk lines could place ‘meaningful capital pressure’ on many insurers, rating agency warns

Middle East and Africa Specialty

M&S and Co-op cyber attacks could cost up to £440m: CMC

Cyber Monitoring Centre classifies attacks as a category 2 systemic event, in first live assessment

United Kingdom Cyber

US cyber direct premiums fall amid declining rates

Little change in cyber risk exposure between 2023 and 2024 as direct written premiums dip 2.3% to $7.08bn

United States Specialty

Renewable energy needs cyber insurers

Renewable energy plants bring a new set of challenges and opportunities for underwriters, Gallagher’s head of cyber risk management and director of renewable energy argue

Specialty Energy

McGill launches cyber cover for battery energy storage systems

New policy offers battery energy storage systems dedicated cyber protection, including physical damage and regulatory compliance cover

Specialty Energy

Cyber underwriters search for new sources of data as competition grows

As capacity continues to enter the market, insurers are looking to more sophisticated data analysis to give them the edge in selecting good risks

Cyber Specialty
See All
UsernamePublicRestriction

Register