The Leading Source for Cybersecurity Insurance News, Insights and Data
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” »
The companies are: AIG, AXIS, Beazley, Chubb, The Hartford, Liberty Mutual Insurance and Travelers. The mission of newco CyberAcuView is: “to (1) help the insurance industry provide better value and…
Yet another dimension of the cyber threat is the impact of public and commercial enterprise cybersecurity on credit ratings. “At S&P Global Ratings, we have seen more credit-relevant cyber events…
Read More “Cybersecurity Increasingly Important for Credit Ratings: S&P ” »
We’ve all heard a flight attendant tell passengers to don the emergency air mask first before they try to help others. The same concept holds for cyber insurance companies, some…
Read More “Cyber Insurers Need to Protect Themselves First” »