The Source for Cyber Insurance News, Insights and Data
USQRisk, the international managing general agent (MGA) specializing in alternative risk transfer solutions, has unveiled Pera. A managing general agent focused on providing cyber and blended cyber and technology E&O insurance to large U.S. domiciled corporate risks. Pera, a division of Desq, USQRisk’s managing general agent accelerator/incubator, marks the program’s inaugural entry into the market. … Read more
“(M)ore than half (54%) of respondents found the current state of the cyber insurance market to be unsustainable,” reports the useful survey from KYND Limited, a provider of cyber risk management services. The top concern: Systemic risk. The finding tracks with our reporting on industry concerns about systemic risk, from cyber war exclusions to efforts … Read more
Canopius Group, the international insurer, has lit up the landscape with its pioneering Cannabis Cyber insurance solution. In a harmonious merger of data defense and ganja growth, the offering offers a cyber safety net to the burgeoning legal cannabis industry in North America. Jenny Soubra, Canopius’ U.S. Head of Cyber and Tech E&O, said, “With … Read more
A new report released by New York State Comptroller Thomas P. DiNapoli today shows that cyberattacks in the state have increased 53% since 2016, jumping from 16,426 incidents in 2016 to 25,112 in 2022. The report also found that New York had the third-highest number of ransomware attacks and corporate data breaches in the nation … Read more
The report “The State of Cyber Security in the UK 2023” covers a wide range of topics related to cyber security, including the evolving threat landscape, budgetary constraints, the importance of technology and talent, and industry trends. On cyber insurance: The increase in cyber insurance premiums is ranked as the top change over the past … Read more