The Source for Cyber Insurance News, Insights and Data
The useful new 2024 US Cyber Outlook Report from Risk Placement Services (RPS) notes that carriers reduced premiums, increased limits and softened requirements for some cyber controls when ransomware losses declined last year. But this “buyer’s market” is unlikely to continue, predicts Steve Robinson, national cyber practice leader at RPS and his team. “The cycle between hard … Read more
In a strategic move to bolster its cybersecurity leadership, CFC, a pioneering insurance provider in emerging risks and a cyber market leader, has announced the appointment of Jason Hart as the Head of Proactive Cyber. Hart, is a cybersecurity thought leader and member of the Forbes Technology Council. He boasts an impressive track record with … Read more
In a strategic move to fortify its position in the ever-evolving landscape of cyber insurance, AXA XL has appointed Michelle Chia as the Chief Underwriting Officer for Cyber in the Americas. The announcement highlights AXA XL’s commitment to innovation and growth in the face of an escalating need for cyber defenses and insurance. Ms. Chia … Read more
Active Insurance provider Coalition has unveiled its latest offering, Miscellaneous Professional Liability (MPL) Insurance. “Instead of going to multiple insurers or working with multiple underwriters, brokers can come to Coalition for quotes for Cyber and MPL coverage,” said Shawn Ram, Coalition’s Head of Insurance. This move is a response to the rapidly expanding professional services … Read more
Global cyber insurtech leader BOXX Insurance has partnered with AXA to introduce a new cyber insurance risk prevention solution for small businesses. The collaboration aims to strengthen small enterprises against the increasing cyber-attack threats by providing a comprehensive suite of proactive measures. Acknowledging the challenges small businesses face in obtaining robust cybersecurity support, BOXX Insurance … Read more