The Source for Cyber Insurance News, Insights and Data
CFC has announced the appointment of Nick Line as Chief Underwriting Officer, effective in 2026. Line has served in various senior roles during his 28-year tenure at Markel, including Chief Actuary and Chief Underwriting Officer. He has led key initiatives to expand product offerings, grow into new markets, and drive sustainable, profitable growth. O’Shea: Line … Read more
AXIS Capital has announced leadership changes within its cyber insurance division as part of a broader restructuring effort aimed at aligning operations with market demands. In announcing the news, the company noted that it is positioning itself to respond more efficiently to evolving cyber risks, emphasizing tighter integration and clearer reporting lines across its Global … Read more
Strategic Collaboration to Strengthen Cyber Risk Assessment Samsung Fire & Marine Insurance (SFMI) has entered into a strategic partnership with Cyberwrite to bolster its cyber insurance offerings. This collaboration aims to enhance SFMI’s ability to evaluate the likelihood and financial impact of cyber threats across its insurance portfolio. Cyberwrite was selected following a global evaluation … Read more
The Marks & Spencer hack — which might cost the retailer $400 million in profits, erased even more in market cap and could lead to cyber insurance claims of at least $133 million — is just one of three recent hacks of large British retailers. “At some point the increase in frequency and severity — … Read more
British retailer M&S (Marks and Spencer) is expected to make a cyber insurance claim of around £100 million (app. $133 million) following a hack that forced the company to stop taking onine orders and also exposed customer data, the Financial Times (FT) and other media sources report (paywall may apply.) Allianz & Beazley on Hook … Read more