The Source for Cyber Insurance News, Insights and Data
Amid the Wall Street Journal exclusive report on the MGM hack, an intriguing detail emerges. MGM has affirmed that it is poised to mitigate the financial impact of the cyberattack with its cyber insurance. The indication? It won’t significantly affect MGM’s performance for the year. The WSJ headline centers on MGM’s refusal to pay the … Read more
Resilience, a cyber risk solution provider, raised its underwriting capacity to £10 million ($12 million) for UK and EU insureds. RSA Insurance and R&Q Accredited have made this expansion possible through a strategic partnership. HDI Global Specialty supports Resilience’s existing capabilities in the UK and the EU, which aligns with Resilience’s overall strategy. Cyber threats … Read more
Boost Insurance, the leading insurance infrastructure platform has entered into a partnership with Canopius US Insurance Holdings, Inc. The goal? Provide long-term risk capacity behind Boost-powered insurance programs. Boost is a full-stack digital MGA platform that provides compliance, capital, and technology infrastructure to product and distribution-focused insurtechs, MGAs, and embedded insurance partners. Traditionally, building and … Read more
At-Bay, the digital-age cyber insurance provider, has updated its Miscellaneous Professional Liability (MPL) product. They have expanded coverage to include more than 40 new business classes. This comes with an increase of the eligible revenue limit to $50 million. This move represents a substantial expansion of At-Bay’s offerings, catering to a wider range of industries. … Read more
In a move sure to impact the cyber insurance and cybersecurity industries The National Security Agency (NSA) is creating a new Artificial Intelligence (AI) Security Center. The center will aim to be a “whole-of-government effort in conjunction with the private sector.” The new center was announced by NSA Director Gen. Paul Nakasone at a National … Read more