cyber insurance

Howden Partners with Chubb, LSM, Mosaic, and Safe Security to Launch Howden Safe+, Cyber Insurance for Mid-Size Corporations

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Howden has introduced Howden Safe+, a cyber insurance solution for mid-size corporations with revenues between $250 million and $2 billion. The platform reduces underwriting questions by 30%, aiming to streamline the procurement process without compromising coverage quality. Overall, it is an intriguing cyber insurance proposition for mid-size corporations. Developed in collaboration with Safe Security and … Read more

Rising Cyber Claims Pressure Insurers to Adapt as Threats Evolve

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Cyber insurance claims and risks are surging as premiums dip, putting the industry in a precarious position. Despite strides in cybersecurity protocols, insurers are struggling to keep up with an onslaught of complex and frequent cyber incidents. From large-scale data breaches to double extortion ransomware, the threats can seem countless. Industry experts warn that if … Read more

Vienna Insurance Group Launches Cyber Security Firm to Protect SMEs

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Vienna Insurance Group AG (VIG), the largest insurance group in Central and Eastern Europe, has established Cyber Risk Solutions GmbH (CyRiSo), a new cyber security company targeting small and medium-sized enterprises (SMEs). The firm aims to provide comprehensive support to reduce cyber risks and to prevent and resolve damage from cyber attacks. “Cyber attacks have … Read more

Canadian Cyber Centre Releases National Cyber Threat Assessment Amid Evolving Cyber Risks

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The cyber threat landscape facing Canadian businesses is becoming increasingly complex and severe, with methods like identity theft, scams, fraud, and ransomware affecting a larger proportion of organizations. According to the 2023 Canadian Survey of Cyber Security and Cybercrime (CSCSC), about 1 in 6 (16%) Canadian businesses experienced cybersecurity incidents. This week, The Canadian Centre … Read more

WTW Appoints Ashley Hart as Cyber Leader for Private Equity and Transactional Solutions

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WTW has appointed Ashley Hart as the Cyber Leader for its Private Equity and Transactional Solutions (PE&TS) team within Corporate Risk and Broking, North America. Hart will deliver cyber risk transfer solutions to private equity clients and their portfolio companies across North America in this role. Hart previously served as the West Zone Region cyber … Read more

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