AXA XL Names New Cyber Insurance Execs
“AXA XL has promoted Danielle Roth as practice leader and head of Cyber Claims, North America. Roth is responsible for claims strategy and best practices including coverages analysis, claims investigations,…
Texas County Can Only Find One Bid for Its Cyber Insurance
And it turned out the bidder was not even admitted to do business in Texas… “‘They were only able to find one company that would insure us on cyber liability…
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Increase in Back-Ups Leading Ransomware Attackers to Exortion Rather Than Just Denial
As more and more enterprises back up their data to protect it from being encrypted (and thereby made inaccessible) by ransomware attacks, criminals are now moving to steal the data…
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Social Media Influencers Can Now Get Cyber Insurance from HSB
“Social influencers want attention, but not from cyber criminals,’ said James Hajjar, assistant vice president for HSB, part of Munich Re. ‘Hackers and other digital predators target social media. We’re…
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Marsh Launches Cyber Risk Analytics Center
“The center will be headed by Managing Director Scott Stransky, a cyber risk and catastrophe modeler. Stransky joined Marsh McLennan earlier this year after more than a decade at AIR…
$12.5 billion in “Hidden Loss Potential” Overhangs US Cyber Insurance Carriers
“The study, entitled ‘Spotlight on Cyber: A study of aggregation risk in the US property insurance market,’ noted that sufficient cyber risk is amassing in the market to trigger a…
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At-Bay Adds $20 Million to its Series D
“Founded in 2017, the Mountain View, Calif-based At-Bay surpassed $160 million in annual recurring revenue in the second quarter of the year, when it also experienced an 800% year-over-year premium…
Amazon to Offer Cyber Insurance to UK SMBs, Following Move into US Market
“Amazon’s foray into UK business insurance with Superscript follows US insurtech firm Next Insurance’s announcement back in March that it would be offering insurance to US small businesses via Amazon…
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CEO Predicts Cyber Insurance Will Become Mandatory, Like Worker’s Comp
“‘Progressive versions of workers’ comp have led to improved employee health and safety measures and proactive prevention efforts to reduce the risk of workplace injuries,’ Kundi said. ‘Similarly, as we…
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Biden Admin Plans 30-Country Meeting as Part of “Counter-Ransomware Initiative”
“The Biden administration hopes that their new informal group, which they’re calling the Counter-Ransomware Initiative, will bolster their diplomatic push that has included direct talks with Russia as well as…
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