The Source for Cyber Insurance News, Insights and Data
In a groundbreaking move, Howden has unveiled Howden Ventures with an impressive £500 million of delegated underwriting capacity. This initiative aims to establish an investment and risk incubator that will accelerate the development of insurance products. The move is pending approval from Lloyd’s. “MGAs are the innovation dynamite of the insurance industry. Cyber insurance, insurance … Read more
“(M)ore than half (54%) of respondents found the current state of the cyber insurance market to be unsustainable,” reports the useful survey from KYND Limited, a provider of cyber risk management services. The top concern: Systemic risk. The finding tracks with our reporting on industry concerns about systemic risk, from cyber war exclusions to efforts … Read more
Resilience, a cyber risk solution provider, raised its underwriting capacity to £10 million ($12 million) for UK and EU insureds. RSA Insurance and R&Q Accredited have made this expansion possible through a strategic partnership. HDI Global Specialty supports Resilience’s existing capabilities in the UK and the EU, which aligns with Resilience’s overall strategy. Cyber threats … Read more
Measured Analytics and Insurance, the cyber insurance MGA, continues its aggressive move into the increasingly competitive, but still relatively underserved, small and medium enterprise (SME) market (earlier this month Measured announced its partnership with the AWS cyber insurance program.) The Company’s CyberGuard 2023 insurance product targets companies with up to $500 million revenue, offering policy … Read more
Cypherleak, a pioneering cyber risk monitoring and scoring startup, has closed a $750,000 seed round. The investors are based in Abu Dhabi, Morocco, and Qatar. This investment will help drive Cypherleak’s expansion across the Middle East and Africa (MENA) region increasing its role in the cyber insurance marketplace. Cypherleak simplifies advanced risk monitoring for smaller … Read more