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Top News about Cyber Insurance
BOXX Insurance, a prominent cyber insurance technology firm in Canada, announced the release of Cyberboxx Business 5.0. It is the latest version of its integrated cyber insurance and protection product. The update aims to enhance the resilience of businesses against cyber threats by simplifying coverage and making policies more accessible, especially for small businesses. The … Read more
Canopius Group, a global specialty (re)insurer, has partnered with Group-IB, a cybersecurity technology provider, to enhance its cyber insurance offerings. This marks the first comprehensive alliance between Group-IB and a Lloyd’s of London syndicate. The collaboration aims to provide Canopius’ clients with increased protection and advanced threat intelligence. This partnership will equip Canopius’ underwriters with … Read more
We’ve written extensively about the increasing cooperation and often fusion between cyber security services and cyber security insurance, plus the push to protect America’s healthcare sector. Cyber Insurance for Hospitals Casey Holland of Marsh emphasized the “bespoke” nature of the solution: “It’s a comprehensive approach to helping our hospitals combat cyber threats and provide a … Read more
In a groundbreaking venture into the financial aspects of cybersecurity, Parametrix, a front-runner in cloud monitoring and insurance, and Hannover Re, a leading global reinsurer, debuted the first-ever Cumulus Re catastrophe bond. Valued at $13.75 million, this bond is specifically designed to mitigate losses due to prolonged cloud service outages. This is an increasingly critical … Read more
The global aluminum and energy company, known as “Hydro,” estimated damages at up to app. USD $74 million. “The company has a robust cyber insurance in place with recognized insurers,” it said in a statement. “The (March) attack affected our entire global organization, with the business area Extruded Solutions having suffered the most significant operational … Read more