Chaucer Group

UK Utility Companies See 586% Surge in Cyberattacks Amid Rising Geopolitical Tensions – Chaucer

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UK utility companies faced a significant surge in cyberattacks in 2023, with 48 breaches recorded, marking a staggering 586% increase from the previous year, according to global specialty (re)insurance group Chaucer. The rise in incidents, partly attributed to state-backed hackers, has heightened concerns about potential infrastructure-targeted attacks amid escalating geopolitical tensions. Utilities providing power and … Read more

USQRisk Launches Pera, a Managing General Agent Insuring Cyber-Related Risk

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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

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