Trium Cyber Expands Opening London Office
Trium Cyber, a US-based Lloyd’s of London cyber specialist, is expanding its reach by opening an office in London. The move will improve services to clients outside of the United…
Europe’s First MGA for Cyber Insurance, Stoik, Raises €11 million ($10.7 million) from Blue-Chip Investors
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…
Axis Re Joins Movement to Standalone Cyber Insurance Policies
The downside of blended insurance policies that include cyber with other coverage is well known. Blended policies can complicate underwriting and diversification and even create confusion and conflict between different…
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Effort To Standardize Cyber Insurance Risk Launched by Moody’s RMS & Partners
Moody’s RMS, a leading provider of risk modeling for the insurance industry, has formed the Cyber Industry Steering Group, designed to address underwriting and other constraints in the cyber insurance…
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Cyber Insurance Industry to be Tested This Year by Cyber War Exclusions: CyberCube
The risk analytics provider to the cyber insurance industry warns about scenarios that could impact the already confused world of cyber war risk and exclusions. Its new report — “CyberCube’s…
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Cyber Insurers Doing Well, Cyber Reinsurers Not So Much: S&P
Consistent with other recent reports, S&P Global Ratings finds global cyber insurance premiums surging, about $12 billion last year and headed to almost twice that by 2025. At the same…
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Insurance for Catastrophic State-Backed Cyber Attacks? Lloyd’s Exclusions Continue to Confuse Markets As Other Insurers Struggle With Their Own Strategies
When Lloyd’s provided updated guidance and exclusions for nation-state cyber attacks, some industry players and news outlets concluded the organization intended to jettison all such coverage. Not so, Lloyd’s said…
Demand Not A Constraint for Cyber Insurance Industry — Lack of Capital & Expertise Could Be: Gallagher Re
“’One of the things we hypothesized right from the start was that cyber is going to be the most capital-constrained and most expertise-constrained class of business in the market. And…
Insurance-Linked Securities Sure to Grow Alongside Broader Cyber Insurance Market: Fitch
Although it feels bigger to us and, no doubt, others working in the sector, cyber insurance remains a tiny fraction of total U.S. direct premium written (DPW). But cyber is…
ILS Growth In Cyber Likely to be Incremental and Not Transferred from Other Lines: Artex
Growth of the insurance-linked securities (ILS) asset class into cyber risks will likely not come from moving capital out of current lines: Artex Capital Solutions execs. “‘Do we think investors…