The Source for Cyber Insurance News, Insights and Data
The global insurtech, BOXX Insurance, announced three new appointments to drive its U.S. growth and cyber insurance coverage strategy. The Insurtech company continues to expand its U.S. presence through leadership in distribution, claims, and technology. Leadership to Strengthen Distribution and Broker Partnerships Joe Gates joins BOXX as Head of Distribution, Central. He will manage the … Read more
Compared to the same period last year, cyber claim severity dropped by more than 50% in early 2025, according to Allianz Commercial’s new Cyber Security Resilience 2025 report. The findings highlight stronger defenses among insured firms, but also reveal expanding risks from data theft, supply chain disruption, and privacy litigation. Claims Decline in Severity, but … Read more
Cyberattacks are costing businesses millions – 88% of global cyber losses now tied to claims above $1 million, according to AXA XL. Analysis of more than 300 incidents reveals a stark reality: ransomware alone drives over 60% of recent large claims, with ransom demands spiking to an average of $32 million in 2023. The report, … Read more
Joseph Wright of Blue Team Alpha recently explained on the Cyber Insurance News podcast that incident response planning saves money. “The financial hit multiplies ten to fifteen times beyond what proactive measures would have cost,” Wright said. You can hear that episode here or here. That message now echoes in a major report from Marsh … Read more
Cowbell Enhances Claims Capabilities Cowbell has appointed Kirsten Maley as Director of Claims for the UK cyber insurance market. This new role aims to enhance Cowbell’s ability to support UK SMEs and mid-market businesses facing cyber risks. Maley brings over ten years of experience in the insurance industry, including more than six years focused on … Read more