The Source for Cyber Insurance News, Insights and Data
Onda, a Lloyd’s-backed cyber MGA, has unveiled Onda X, a new cyber insurance product tailored for mid-market firms across the UK and France. Targeting companies with annual revenues between £100 million and £1 billion, Onda X offers primary and excess coverage limits up to £5 million to protect against cybercrime. As noted in the press … Read more
Investment Strengthens Global Cyber Insurance Reach Coalition, a cyber insurance provider, announced a $30 million equity investment from Mitsui Sumitomo Insurance Co., Ltd. (MSI), a part of MS&AD Insurance Group. This investment expands their strategic partnership. It aims to increase the global availability of Coalition’s Active Insurance model for companies seeking to reduce digital risk. … Read more
SMEs Struggle to Keep Up with Cybersecurity Standards Small and medium-sized enterprises (SMEs) in the European Union are falling behind larger organizations in cybersecurity, according to a new report by Marsh in collaboration with the Federation of European Risk Management Associations (FERMA). The report, Why the Cybersecurity Gap Between SMEs and Large Organisations Matters, reveals … Read more
Resilience has expanded its partnership with UK-based insurer RSA to offer surplus lines of cyber insurance to US businesses through London’s wholesale market. The move allows companies with revenue between $75 million and $10 billion to access coverage outside traditional US markets. Expanded Cyber Insurance Capacity Resilience’s new initiative enables US clients to secure cyber … Read more
Cyber Threats Grow as SMEs Reduce Security Investments Hong Kong SMEs face rising cyber risks as businesses scale back security investments, according to the latest QBE Hong Kong SME Survey. The survey, conducted between November 2024 and January 2025, gathered insights from 600 business decision-makers. Cyber incidents have increased from 30% in 2024 to 33% … Read more