The Source for Cyber Insurance News, Insights and Data
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
Here it is—Your Cyber Insurance Sunday—Upload. The latest cybersecurity insurance news. A few items from the week. Some we reported on, and others we found interesting: WTW and Newline Europe make people moves, CyberCube comes up tulips, a look at the growing threat of deepfake AI, and a peek into the future of cyber insurance. … Read more
A recent report from SecurityScorecard reveals that 21% of S&P 500 companies suffered data breaches in 2023, highlighting the growing challenges in cybersecurity amidst stricter regulatory environments. The disclosure came with the publication of the S&P 500 Cyber Threat Report, which analyzes trends and provides recommendations for Chief Information Security Officers (CISOs) to navigate the … Read more
WTW (Willis Towers Watson) announced the appointment of Sean Plankey as the Global Leader of Cybersecurity Software. Plankey, a noted expert in the cybersecurity field, will lead the launch and commercialization of WTW’s new range of security software. His appointment aligns with WTW’s focus on technology and innovation, especially in the area of cyber risk … Read more
Newline Europe, a subsidiary of Newline Insurance Company Limited, announced Johannes Beckers as its new Head of Cyber Liability. The company aims to strengthen its cyber risk management throughout the European Economic Area (EEA). Beckers, who recently served as Senior Underwriter at Zurich Gruppe Deutschland, brings over ten years of underwriting experience and expertise as … Read more