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.
Beazley CEO cautions over ‘unstable equilibrium’ as prices soften and risks rise
Specialist carrier reports record full-year profit in 2024 and estimates wildfire losses at $80m
MS&AD invests $30m in US cyber insurer Coalition
Funding agreement builds on companies' existing partnership, which includes a multi-year capacity agreement in Australia
The UK must adopt a more joined-up approach to tackling APP fraud
Rising levels of authorised push payment fraud are a cause for concern – a culture of collaboration is needed across all the sectors involved in the fight against cyber crime
Resilience introduces London wholesale market facility to US clients
New initiative aims to underwrite US-based risks for businesses with revenues up to $10bn through the London market
New cyber categorisation could be a game-changer
New system could overhaul how the insurance industry manages cyber systemic risk, giving both insurers and insureds more confidence in the coverage
Lockton Re calls for government-backed cyber pool
Backstop would encourage new capacity into the cyber market, broker argues
Cyber Monitoring Centre launches categorisation system
The independent body would have classed CrowdStrike as a category 3 event because it lacked the impact to be truly systemic
Global commercial insurance rates drop 2% in Q4: Marsh
Global commercial insurance rates fell for the second consecutive quarter in the final three months of 2024, as competitive market conditions drove price declines across major sectors
AI now the biggest risk for insurers: Kennedys
Artificial intelligence has become the top-ranked risk for the insurance industry followed by cyber attacks and extreme weather, while sustainability has dropped to the bottom of the list, according to law firm
CFC promotes Burns to global head of cyber
Specialist underwriting firm unifies global underwriting and cyber security offerings
CFC launches cyber physical damage bolt-on
Specialist underwriter says the cyber insurance market needs to provide meaningful capacity for physical events
Cyber soft market 'nearing its end'
The market can expect to see a ‘large jump’ in rates when the market changes, Aviva’s head of cyber predicts
You must sign in to use this functionality
Authentication.SignIn.HeadSignInHeader
Email Article
All set! This article has been sent to my@email.address.
All fields are required. For multiple recipients, separate email addresses with a semicolon.
Please Note: Only individuals with an active subscription will be able to access the full article. All other readers will be directed to the abstract and would need to subscribe.