The Source for Cyber Insurance News, Insights and Data
Travelers Companies, Inc. (NYSE: TRV) plans to acquire Corvus Insurance Holdings, Inc. for roughly $435 million. Corvus, a cyber insurance managing general underwriter known for its proprietary technology, will provide Travelers with advanced cyber capabilities. They include underwriting algorithms, vulnerability scanning, and enhanced digital connectivity. Alan Schnitzer, Chairman and Chief Executive Officer of Travelers, emphasized … Read more
Cowbell has reported impressive growth in 2023, marking a 49% increase in its new customer base year-over-year. A significant financial milestone accompanies this momentum. The company secured $25 million in equity financing, reinforcing its leadership position in the ever-expanding cyber insurance sector. As cyber threats increasingly concern small- and medium-sized enterprises (SMEs), Cowbell focuses on … Read more
Marsh has unveiled plans to launch a comprehensive global cyber practice. The goal? Combine its extensive cyber capabilities encompassing insurance, risk intelligence, incident management, and cybersecurity on a global scale. Tom Reagan, the current Cyber Practice Leader for the US and Canada at Marsh Specialty, has been appointed as the Global Specialty Head of Cyber … Read more
We’ve written about the growth of personal cyber insurance and the challenges associated with it. Major insurance carriers continue to pursue the business, concluding that trends from the COVID pandemic provide tailwind for the market. “’When commercial cyber losses started coming with frequency and severity, it wasn’t just the businesses who were hit by extortion … Read more
The world’s largest public P&C insurance company, ticker “CB,” will enable $its 100m+ revenue clients to share cyber risk information via SentinelOne’s protection and response software. This is another example of insurers teaming with pure-play cybersecurity providers to increase the security of policy holders and improve underwriting and response. “‘The incorporation of SentinelOne’s endpoint protection … Read more