The Source for Cyber Insurance News, Insights and Data
The global cyber insurance market is on a trajectory to hit a whopping USD 90.6 billion by 2033, with a robust Compound Annual Growth Rate (CAGR) of 22.3%. The research from Market.US states in 2023 alone, the market stood at USD 12.1 billion. This showcases the increasing importance of cyber insurance in an era of … Read more
In a strategic move to enhance its cyber risk offerings, Aspen Insurance Holdings has rolled out Aspen Cyber Risk Services (ACRS), a comprehensive suite developed in collaboration with Surefire Cyber. Launched globally on all policies, ACRS aims to empower Aspen insureds to proactively manage and respond to cybersecurity threats. The suite encompasses a range of … Read more
In a strategic move, leading cyber insurance provider Cowbell has broadened its coverage to include mid-market businesses in the UK. They will now accommodate those with an annual turnover of up to £1 billion. The expansion positions Cowbell as a significant player, catering to 99% of all UK-based businesses. Cowbell initially introduced its AI-powered cyber … Read more
Liberty Mutual Insurance Global Risk Solutions has expanded its cyber liability insurance team by appointing Elisabeth Case as Global Product Manager, Cyber. In her new role, Case will oversee cyber products and underwriting strategies worldwide. She reports to Matthew Hogg, Global Product Leader, Cyber. This marks the latest addition to Liberty Mutual’s Global Cyber team. … Read more
The Travelers Companies has officially sealed the deal on acquiring Corvus Insurance Holdings, Inc., a cyber liability insurance managing general underwriter known for its cutting-edge proprietary technology. Alan Schnitzer, Chairman and CEO of Travelers, expressed satisfaction with the partnership forged with Corvus over the past year. The completion of the acquisition marks the official integration … Read more