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“In his new role, Raf will direct global risk management and incident response functions, playing a pivotal role in Beazley’s Cyber Ecosystem. With a focus on giving clients the power,…
Read More “Raf Sanchez Named Global Head of Cyber Services at Beazley” »
“The cyber program is part of a multiyear underwriting capacity partnership in which SiriusPoint has invested in Corvus to support existing and future commercial insurance coverages, according to the statement.”…
“(A)” sizable portion of small business owners think they are less at risk for such (cyber) attacks. According to a forthcoming study conducted by Embroker, 63 percent of small business…
Must be a lawyer. Duties include: “Advise clients of their claim related obligations under the policies and establish client-specific claims management procedures Provide claims advocacy on behalf of clients by…
Read More “Senior Cyber Claims Advocate — Opening at Willis Towers Watson ” »
“The new central cyber underwriting team will assume global responsibility for Swiss Re’s underwriting and product development activities in the cyber sector.” The company has hired John Coletti to manage…
Read More “Swiss Re Creates Central Cyber Underwriting Team ” »
Broker urges patience as industry develops sustainable approach to ransomware and other cyber issues…unfortunately, the cyber crooks are anything but patient. “Obviously, you can see just how difficult it is…
Read More “Cyber Losses Trigger “Domino Effect” For Cybersecurity Insurers & Brokers ” »
The breach involve employee emails. “The company then conducted a manual review of the emails to determine whether they contained sensitive information. This process, completed on June 30, 2021, showed…
Read More “Weeks After Going Public, Ryan Specialty Group Suffered Cyber Breach ” »
This reminds us of the push after 9-11 for the US government to share terrorism losses with the insurance industry, which led to the Terrorism Risk Insurance Act, or TRIA….
Read More “Public-Private Cyber Insurance Partnership is Needed: CEO of Zurich Insurance ” »
Hiscox Ltd (LSE:HSX) lists increasing cyber insurance rates as part of its turn to profitability in the first half of 2021, according to its 2021 interim and Chairman’s statement. “Rate…
Read More “Ramping Cyber Insurance Premiums Help Hiscox Hit Profitability in H1 2021 ” »
Cyber insurance companies may urge clients to pay ransoms because insurance losses from not paying may be more than the ransom demand. “(E)ven when companies do want to hold out,…
Read More “The Squeeze Between Ransomware and Business Interruption Insurance” »