Ransomware and Data Exfiltration Continue to Dominate Cyber Losses – Allianz Report

In the first half of 2024, the global landscape of cyber insurance has seen a marked rise in both the frequency and severity of cyber claims, driven by increasing data breaches and privacy violations. According to Allianz Commercial’s 2024 Cybersecurity Resilience report, large cyber claims — defined as those exceeding €1 million — rose 14% … Read more

Vanessa Maxwell Appointed Global Head of Cyber Insurance at Allianz Commercial

Allianz Commercial has announced a significant addition to its global leadership team. Vanessa Maxwell has been appointed as the Global Head of Cyber, while continuing her role as Global Head of Financial Lines. This dual role, effective immediately, underscores the strategic importance of both Cyber and Financial Lines to Allianz Commercial. Maxwell, who brings over … Read more

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