The Source for Cyber Insurance News, Insights and Data
As cybercrime continues to surge, costing the global economy, by some estimates, $10.5 trillion annually by 2025, the cyber insurance industry is evolving to manage these escalating risks. In response to growing demand for more robust insurance solutions, Coalition has launched Coalition Re. Coalition Re, a reinsurance intermediary, provides capacity for cyber reinsurance treaties and … Read more
Here it is – Your Cyber Insurance Sunday – Upload — A few items from the week. Some we reported on, and others we found interesting. Lloyd’s looks at the impact of AI, some rough news for insurtech investments, and just a little bit (sarcasm) on the UnitedHealth hack, dubbed by some as “the most … Read more
In a sign of the maturing cyber insurance market in the U.S., Coalition, the Active Insurance provider specializing in preemptive digital risk management, and Aspen Specialty Insurance Company have entered into a groundbreaking multi-year capacity agreement. The deal aims to bolster cyber insurance capabilities in the United States. Scheduled to begin on April 1, 2024, … Read more
In a strategic move to enhance its cyber risk offerings, Aspen Insurance Holdings has rolled out Aspen Cyber Risk Services (ACRS), a comprehensive suite developed in collaboration with Surefire Cyber. Launched globally on all policies, ACRS aims to empower Aspen insureds to proactively manage and respond to cybersecurity threats. The suite encompasses a range of … Read more
Aspen Insurance Holdings Limited (“Aspen”) has appointed Edward Hart as the new International Head of Cyber. Edward, who joined Aspen Insurance in February as a Senior Underwriter, brings a decade of cyber underwriting experience, previously holding key roles at Brit Insurance and Barbican Insurance Group. In his brief tenure at Aspen, Ed has bolstered distribution … Read more