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Top News about Cyber Insurance
AXIS Capital Holdings Limited announced the appointment of Simon Dejung as Chief Underwriting Officer for its Global Cyber & Technology division. This marks a strategic move to enhance its worldwide cyber and technology insurance offerings. Dejung, who brings a robust background in cyber and specialty lines insurance from his tenure at SCOR, will oversee underwriting … Read more
Here it is – Your Cyber Insurance Sunday – Upload—a few items from the week. Some we reported on, and others we found interesting. Sports betting gets protection; More solutions for small and medium sized businesses; a look at 144A cyber catastrophe bonds; and healthcare hacks in the news again. There’s more. Take a look. … Read more
Fulcrum IT Partners, an MSP, calls them “cyber-warranty backed solutions” and is offering the services with the backing of SPECTRA, the Bermuda-based cyber insurance provider. “As part of the new business model, Fulcrum will offer customers a 100 percent cash refund on services impacted by specific cybersecurity incidents, including ransomware, and DDoS attacks. Additionally, Fulcrum … Read more
Chubb and the National Center for the Middle Market (NCMM) have unveiled an engaging glimpse into the financial performance of middle market companies. The insights gained are thanks to the 2023 Year-End Middle Market Indicator (MMI), which surveyed 1,000 executives. These companies are essential contributors to the U.S. economy. They are navigating through a period … Read more
Interesting tidbit in CyberCube yearly report: “All cyber cat bonds issued in 2023 utilized CyberCube’s model, marking an expansion into CyberCube serving the financial sector.” ILS growth in cyber liability insurance sector will depend on constantly improving risk data.