The Source for Cyber Insurance News, Insights and Data
Insurance wholesaler ProWriters, a digital distributor which has made a push in cyber insurance, is exploring a potential sale of its business, reports Insurance Insider US. Insurance M&A specialist Dowling Hales is advising ProWriters, according to the article. ProWriters offers several categories of cyber insurance, including E&O, CGL & D&O. It generates revenue of app. … Read more
The growing sophistication and frequency of cyberattacks should push organizations to rethink their cybersecurity strategies. According to a new KnowBe4 report, “Cyber Insurance and Security: Meeting the Rising Threat,” the intersection of cybersecurity and insurance is becoming a critical focus for businesses. The report highlights the rising costs of cyber incidents, the evolving threat landscape, … Read more
Global cyberattacks surged by 44% in the past year, driven by the changing nature of nation-state threats and the growing use of generative AI. According to The 2025 State of Cybersecurity from Check Point Software’s annual report, nation-states have shifted their approach from short-term assaults to prolonged campaigns to undermine trust and destabilize critical systems. … Read more
As the cyber insurance market enters 2025, signs of stabilization mark the industry landscape. Following the softening conditions in 2024, the market offers buyers improved options, including higher coverage limits, competitive pricing, and enhanced risk management services. The insights in this article are drawn from the “2025 Cyber Insurance Market Conditions Outlook,” from Gallagher. Despite … Read more
XS Brokers (XSB), a prominent independent insurance brokerage group, has announced a new Cyber Liability division. The division will be led by Scott Burns, Senior Vice President, who joined XSB in 2018 as a Cyber Liability Specialist. Burns brings over 12 years of experience in the insurance industry. During his tenure, he has played a … Read more