The Source for Cyber Insurance News, Insights and Data
A botched update from cybersecurity giant CrowdStrike triggered chaos across global IT systems on Friday, causing major disruptions for industries, including banks and airlines. “We have been made aware of an issue impacting Virtual Machines running Windows Client and Windows Server, running the CrowdStrike Falcon agent, which may encounter a bug check (BSOD) and get … Read more
CRC Group, a major wholesale specialty insurance distributor in North America, has launched Cyber.IE, a new exclusive excess cyber insurance product. The company statement said this product offers the largest wholesale exclusive cyber capacity available in the domestic market, providing substantial protection and flexibility for businesses needing excess cyber solutions. The limit for this new … Read more
TransRe has announced key promotions to enhance its cyber underwriting capabilities and service offerings. Tina Kališnik has been promoted to Global Portfolio Leader, Cyber, and Diana Liu to U.S. Cyber Underwriting Leader. According to a company press release, Tina Kališnik, who joined TransRe in 2016, has been pivotal in developing the company’s European professional liability … Read more
QBE Insurance, which operates in 27 countries, launched QCyberProtect, a cyber liability insurance policy designed to enhance clients’ cyber resilience globally. QCyberProtect offers tailored coverage for various cyber risks, including network security breaches, privacy liabilities, business interruptions (both IT and non-IT related), and reputational damage. Andrew Horton, Group CEO of QBE Insurance, stated, “Strategic investments … Read more
Cysurance has launched its financial cyber protection program in Australia, providing enhanced ransomware protection and cyber insurance policies for Sophos customers. This expansion follows the program’s implementation in the United States. Cysurance specializes in certifying, warranting, and insuring cybersecurity solutions for enterprise end-users. The company aims to reduce the frequency, severity, and business impact of … Read more