The Source for Cyber Insurance News, Insights and Data
Stoïk, a Paris-based cyber MGA, raised €20 million ($23.4 USD) in Series C funding as demand grows for cyber liability insurance combined with hands-on security support. The round was co-led by Impala (Veyrat family-owned) and Opera Tech Ventures. Alven and Andreessen Horowitz also participated. “This new capital injection will enable us to accelerate a model … Read more
A company’s computer system is like a building with many locked doors. Credentials, such as keys and passwords, allow access. When these credentials are compromised, criminals can get in easily and cause problems quickly. This risk is now common in wholesale, retail, and their vendors. Black Kite’s 2026 Wholesale & Retail Report links this danger … Read more
Howden has unveiled its expanded US cyber practice to address the rising demand for cyber liability insurance among corporate clients. The new initiative launches a senior leadership team specializing in brokerage, underwriting, claims, and cyber risk strategy, reflecting the increased threats posed by ransomware and business interruption events. “Our own data shows that cyber protection … Read more
AI adoption races ahead as CEOs push the pedal, but CISOs pump the brakes, warning of cyber risk. The tension is familiar: CISOs continue to face uphill battles aligning boards with swift, emerging threats. AXIS Capital Holdings Limited released new research comparing how CEOs and CISOs in the U.S. and U.K. view AI. The study … Read more
Today, Converge appointed Howie Altman as Chief Technology Officer. The company builds cyber risk management and underwriting technology for the cyber insurance market. Altman will expand AI-driven automation and scale Converge’s proprietary platform to support profitability. “We’ve made significant technology investments that already set us apart in cyber insurance and now his job is to … Read more