The Source for Cyber Insurance News, Insights and Data
Anatomy of a Cyberattack – On July 8, 2025, Marks & Spencer Chairman Archie Norman appeared before the UK Parliament’s Business and Trade Sub-Committee. The hearing focused on the April cyberattack that shook the British retail giant. Norman, joined by General Counsel Nick Folland and Corporate Affairs Director Victoria McKenzie-Gould, delivered a sobering account of … Read more
No Time Like The Present – How does the saying go? “Timing is everything,” and “Never let a crisis go to waste.” These ideas may have echoed in the C-suite at Markel as they launched this pre-loss services initiative. In the wake of the Marks & Spencer and Co-op hacks, UK business leaders are (better … Read more
Strengthen Cyber Insurance Access Marsh has introduced Cyber Unity, a purpose-built cyber insurance facility for mid-sized European organizations. The facility targets companies with revenues up to €500 million and offers primary coverage limits of up to €5 million. Cyber Unity is backed by a panel of six A-rated global insurers. It is built to eliminate … Read more
Cyber Insurance Expansion Across Europe RiskPoint Group will acquire Corvus Underwriting GmbH, based in Frankfurt, from Travelers. The deal will be effective on September 1, 2025. The acquisition strengthens their position in the cyber insurance market across Germany and the broader European region. The deal enhances an already strong relationship with Travelers. Strategic Partnership Deepens … Read more
In a first-of-its-kind public financial impact report, the UK’s Cyber Monitoring Centre (CMC) has classified the April 2025 ransomware attacks on Marks & Spencer and Co-op as a Category 2 systemic cyber event. The CMC estimates that the combined financial damage from the retail cyberattack ranges from £270 million to £440 million. The Cyber Monitoring Centre The … Read more