The Source for Cyber Insurance News, Insights and Data
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
The fusion of cyber insurance with security services is a key trend in the industry, designed to help policy holders achieve and then maintain — after the policy has been purchased — adequate security in the face of ubiquitous and constantly updated cyber threats. Unfortunately, cyber insurance bunding of policies with security services is being … Read more
Marsh Unveils CyberShore Bermuda Cyber Insurance Facility Marsh has launched CyberShore Bermuda, a new cyber insurance facility offering $30 million in excess Bermuda capacity. The facility targets coverage layers above $75 million. It provides follow-form excess coverage that aligns with existing cyber insurance programs. Claims Enhancement Streamlines Process A standout feature is the claims enhancement. … Read more
Partnership Targets Growing Need for Privacy Risk Data in Insurance Underwriting LOKKER and Bitsight have partnered to offer privacy risk analysis through Bitsight’s cyber insurance platform. This collaboration aims to equip insurers with tools to evaluate data privacy threats during cyber insurance underwriting. LOKKER’s Privacy Risk Assessment Enhances Underwriting Insight LOKKER’s Privacy Risk Assessment Reports … Read more
Marsh has introduced Cyber Echo Encore. This is an enhancement to its Cyber Echo insurance facility. The expansion provides up to $45 million in additional cyber insurance capacity. The cyber risk protection is underwritten by London market insurers outside of Lloyd’s. Broader Coverage Beyond Lloyd’s Market Lloyd’s launched Cyber Echo in 2016, making it the … Read more