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The Marks & Spencer hack — which might cost the retailer $400 million in profits, erased even more in market cap and could lead to cyber insurance claims of at…
Read More “Cyber Insurance Premiums to Increase after Marks & Spencer Cyber Attack?” »
Cyber Premiums Drop 6% in 2024 Amid Pricing Weakness According to Fitch Ratings, cyber insurance premiums in the U.S. dropped 6% in 2024, marking a second consecutive year of declines….
Read More “U.S. Cyber Insurance Premiums Decline Again in 2024 | Fitch Market Update” »
British retailer M&S (Marks and Spencer) is expected to make a cyber insurance claim of around £100 million (app. $133 million) following a hack that forced the company to stop…
Read More “Retailer M&S to Make $133 million Cyber Insurance Claim: Media Reports” »
The fusion of cyber insurance with security services is a key trend in the industry, designed to help policy holders achieve and then maintain — after the policy has been…
Read More “Antiquated Regulations Against “Cyber Insurance Bundling” Slow Innovation” »
Fitch Ratings reports that US cyber insurance premium rates continue to decline for the third consecutive quarter. Premiums are expected to remain under pressure unless a major cyber event occurs….
Read More “Sharp Drop in US Cyber Insurance Premium Rates Signals Market Pressure in 2025 – Fitch” »
Marsh Unveils CyberShore Bermuda Cyber Insurance Facility Marsh has launched CyberShore Bermuda, a new cyber insurance facility offering $30 million in excess Bermuda capacity. The facility targets coverage layers above…
Read More “CyberShore Bermuda: Marsh Unveils $30M Excess Cyber Insurance Facility” »
Cyber insurance rates dropped 5% in the US and 7% globally in Q4 2024, according to Marsh’s Global Insurance Market Index. The market benefited from abundant capacity, with new capital…
Read More “Cyber Insurance Rates Fall 5% in the US as Other Markets Show Mixed Trends in Q4 2024” »
Cyber insurance premiums will grow “15% to 20% per year to a total of about $23 billion by the end of 2026, up from about $14 billion at the end…
Read More “Cyber Re/Insurance Market To Grow Rapidly with Sustained Margins: S&P Global Ratings” »
You needn’t go far to find market projections of dramatic growth for the cyber insurance industry, such as this recent estimate of 22.60%CAGR from 2022 to 2030. Not so fast…
Read More “Ruh Roh! Swiss Re Predicts Dramatic Decline in Cyber Insurance Growth Rates” »
The Company‘s new business unit, Envelop Risk Solutions, will provide technical assistance to reinsurance providers “across the full capital management spectrum, including: cyber underwriting and underwriting strategy, cyber modelling, scenario…