The Source for Cyber Insurance News, Insights and Data
BOXX Insurance leadership reshuffle. Jonathan Weekes has been named President of BOXX Canada. Phil Baker shifts to a fully global role as Chief Underwriting Officer. Finally, Neal Jardine becomes the company’s Global Cyber Intelligence and Claims Officer. These changes signal the company’s effort to boost its presence in Canada and expand its international cyber insurance … Read more
New Leadership in Cyber Development Emma Suschkov is taking her “passion for cybersecurity” to CFC as a new cyber development manager. She will be based in Toronto, Canada, and will focus on strengthening corporate relationships and expanding broker connections. Role and Responsibilities Suschkov will work closely with underwriting and claims teams in London. Her responsibilities include developing … Read more
According to S&P’s Cyber Risk Insights: Cyber Catastrophe Bonds Offer Greater Scope for Risk Mitigation, the cyber ILS market is poised for significant expansion. With rising demand for cyber insurance, interest in cyber insurance-linked securities (ILS) is growing. However, challenges such as policy standardization, investor education, and complex risk modeling may slow its progress. Cyber … Read more
A catastrophic cyberattack on America’s critical infrastructure is no longer a question of if but when. The new Netflix series Zero Day, starring Robert De Niro, dramatizes this terrifying reality—a massive cyber onslaught that cripples infrastructure, claims thousands of lives, and plunges the country into chaos. State-sponsored cybercrime, cyber warfare, or a Zero Day cyberattack … Read more
Marsh has introduced Cyber Echo Encore. This is an enhancement to its Cyber Echo insurance facility. The expansion provides up to $45 million in additional cyber insurance capacity. The cyber risk protection is underwritten by London market insurers outside of Lloyd’s. Broader Coverage Beyond Lloyd’s Market Lloyd’s launched Cyber Echo in 2016, making it the … Read more