The Source for Cyber Insurance News, Insights and Data
Coalition has launched its Active Cyber Insurance in Germany through its subsidiary, Coalition Insurance Solutions GmbH. This new insurance offering is available starting today. The Federal Financial Supervisory Authority’s 2024 Risks in Focus Report, produced by BaFin Germany’s Federal Financial Supervisory Authority, identifies cyber-attacks and IT system breakdowns as major threats to German businesses. Coalition’s … Read more
The aviation industry is a marvel of complexity, coordinating intricate schedules, unpredictable weather patterns, and the seamless flow of information across digital networks. From customer interactions to internal communications, the industry’s reliance on these digital systems is paramount for maintaining ongoing and reliable operations. Ensuring the cybersecurity of these systems is thus critical. With news … Read more
Boost Insurance Holdings, Inc., an infrastructure platform for MGAs, independent brokers, and emerging digital insurance providers, announced in a press release that it has secured a significant equity investment from BHMS Investments, LP. This investment aims to fuel Boost’s growth, product development, and market leadership in the MGA infrastructure space. Boost offers highly configurable, tech-enabled … Read more
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
Resilience announced the appointment of Killian Brady as Chief Underwriting Officer. Brady will oversee the underwriting functions for Resilience’s middle market and large enterprise clients across its Cyber and Tech E&O portfolios. He will continue to serve as Chief Operating Officer for Global Insurance Operations. CEO Vishaal ‘V8’ Hariprasad highlighted Brady’s strong performance in 2024 … Read more