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Strategic Collaboration to Strengthen Cyber Risk Assessment Samsung Fire & Marine Insurance (SFMI) has entered into a strategic partnership with Cyberwrite to bolster its cyber insurance offerings. This collaboration aims…
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” »
Sonic Automotive Inc., one of America’s largest car dealers, recently reported that its Q1-2025 net income reached $70.6 million, “up 68% year-over-year.” But that increase “includes the effect of a $30.0…
Read More “Cyber Insurance Settlement Boosts Financial Results of Major Auto Dealer” »
Launch of the Active Cyber Policy Coalition has introduced a redesigned cyber insurance policy. The Active Cyber Policy protects against modern digital threats like Funds Transfer Fraud, AI Deepfakes, and…
Read More “Coalition Unveils New Cyber Insurance Policy with Expanded Coverage” »
Cyber Insurance Solutions Now Available for $10B+ Revenue Enterprises Resilience has extended its cyber risk capacity to enterprises earning more than $10 billion in annual revenue. The move gives broker…
“We’ve come a long way in our journey from the first ever cyber cat bonds, which were private, we’ve now got three 144A cat (catastrophe) bonds out there covering the…
Read More “Beazley Doubles Down on Cyber Cat Bonds/ILS for Cyber Insurance” »
Marsh has introduced Cyber Echo Encore. This is an enhancement to its Cyber Echo insurance facility. The expansion provides up to $45 million in additional cyber insurance capacity. The cyber…
Read More “Marsh Expands Cyber Insurance with Cyber Echo Encore, Adding $45 Million Coverage” »
Demand for cyber insurance-linked securities (ILS) products should increase and there’s plenty of room for growth given their relatively low volume compared to similar securities linked to natural events, says…
Read More “Cyber Insurance-Linked Securities (ILS) Have Large Growth Potential: Fitch” »
A new report from SecurityScorecard reveals some interesting details about third-party cyber risks in insurance. Among them, 59% of insurance industry breaches stem from third-party attack vectors. These findings underscore…
Read More “Third-Party Cyber Risks Endanger Insurance Industry: 59% of Breaches Linked to Vendors” »
Insurance wholesaler ProWriters, a digital distributor which has made a push in cyber insurance, is exploring a potential sale of its business, reports Insurance Insider US. Insurance M&A specialist Dowling…
Read More “ProWriters, a Cyber Insurance Wholesaler, Is For Sale: Report” »