The Source for Cyber Insurance News, Insights and Data
Here it is – Your Cyber Insurance Sunday – Upload— A few items from the week. Some we reported on, and others we found interesting. News out of Brazil for Latin American SMEs, Multiple reports on the financial future of cyber liability insurance, and the UnitedHealth Group hack, much to consider. Finally, if cybercrime were … Read more
In a step towards fortifying its cyber insurance offerings, Beazley, a premier specialty insurer, has announced the integration of its in-house Cyber Services team with Lodestone, a fully owned cybersecurity firm. Beazley Security is the new name, effective immediately. This new venture aims to significantly enhance cyber resilience for its clients. All by melding the … Read more
The specialist insurer has announced the closing of PoleStar Re Ltd, the Series 2024-1 Class A notes “designed to cover remote probability catastrophic and systemic events. Structured on an indemnity trigger and per-occurrence basis, the bond runs for a two-year term through to the end of 2025.” Capital from ILS (insurance-linked securities) will be increasingly … Read more
Beazley, a leading specialty insurer, has appointed Patricia Kocsondy as the Head of Global Cyber Digital Risks. Kocsondy will be responsible for shaping the global product and distribution strategy for Beazley’s cyber business under $250 million. This strategic move aims to ensure that Beazley’s products and services cater to the needs of companies in this … Read more
A new CEO has joined Lodestone, a wholly-owned sub of Beazley. The insurer has a ready-made client base for Lodestone, suggesting vertical integration of cybersecurity solutions — services to insurance — could be a model for other carriers. “(Alton) Kizziah will focus on expanding the senior leadership team, adding specialized skills and expertise to extend … Read more