The Source for Cyber Insurance News, Insights and Data
Stoik calls itself the “first MGA in Europe to empower brokers by providing their (SME) clients with insurance policy and protection against cyber risks.” “The fresh investment will support the company’s expansion across Europe as it enters its first market field, beginning with Germany. The €10 million arrives via lead investors Munich Re Ventures, and … Read more
It’s another example of cyber insurance investment by VCs into emerging insurtech companies that aim to combine cybersecurity and insurance expertise. “This funding will enable us to expand our outreach and grow our bench of in-house experts while accelerating the availability of the Converge platform worldwide,” said Converge CEO Tom Kang in a release. “Converge … Read more
The global cyber insurance market growth is projected to rise from $16.66 billion in 2023 to $84.62 billion by 2030 according to the IMARC Group. The increasing number of cyberattacks and the need to protect critical assets are some of the key factors driving the growth of the market. The market is segmented by type, … Read more
Zurich buys SpearTip to bolster its cyber risk and mitigation services to customers. “‘Both Zurich Resilience Solutions and SpearTip share a commitment to helping businesses anticipate and prevent cyber threats while being ready to respond when an attack occurs,’ said Tom Fioretti, Head of North America Zurich Resilience Solutions. ‘The acquisition of SpearTip represents a further … Read more
The round adds to $225 million already raised by the company. The round was led by Intact Ventures, an affiliate of Resilience’s primary capacity provider, with participation by Lightspeed Venture Partners, General Catalyst and Founders Fund. “’Securing a digital world at enterprise scale requires fundamental behavior change,’ said Arif Janmohamed, Partner at Lightspeed Venture Partners, … Read more