The Source for Cyber Insurance News, Insights and Data
Invision Cyber, a new MGA founded by Acies, launched a US cyber insurance program for Trend Micro customers. Trade outlets reported the debut today and confirmed Lloyd’s backing and capacity up to $10 million. Product details The product targets Trend Micro’s enterprise base. It lists Invision as “the only insurance partner built and designed for … Read more
NOT IF BUT WHEN – Cyber risk moves markets and balance sheets. It hits fast and hard. Marks & Spencer forecasts about £300 million in lost operating profit after its April ransomware attack this year. Clorox is suing Cognizant for $380 million over a breach tied to 2023, with the claim filed this year. SK … Read more
SMB Cyber Liability Coverage K2 Cyber, part of K2 Insurance Services, has partnered with Liberty Mutual and its Ironshore programs group to offer expanded cyber risk insurance for small and mid-sized businesses. Liberty Mutual, rated “A” by A.M. Best, brings global underwriting and claims expertise to the collaboration. This move grants K2 Cyber delegated underwriting … Read more
Onda, a Lloyd’s-backed cyber MGA, has unveiled Onda X, a new cyber insurance product tailored for mid-market firms across the UK and France. Targeting companies with annual revenues between £100 million and £1 billion, Onda X offers primary and excess coverage limits up to £5 million to protect against cybercrime. As noted in the press … Read more