The Source for Cyber Insurance News, Insights and Data
CFC has added property damage coverage to its $30 million large line size cyber insurance product. The expansion addresses growing cyber risks affecting physical assets in industries like manufacturing and energy. New Coverage Addresses Cyber-Related Property Damage CFC’s updated cyber policy now includes physical property damage caused by cyber events. The addition fills a coverage … Read more
Cowbell, a cyber insurance provider for small and medium-sized enterprises (SMEs), has appointed James Porter as the Lead Underwriter for its UK middle market segment. Porter will be responsible for underwriting and managing cyber insurance policies for SMEs and mid-sized businesses. News of note: Given our coverage of this Association of British Insurers (ABI) report … Read more
Small and medium enterprises (SMEs) vastly underestimate their risk of cyber-attacks, leaving them vulnerable due to low cyber insurance adoption, according to a new report from the Association of British Insurers (ABI). Despite making up 99% of UK businesses and generating over £2.6 trillion in turnover, SMEs remain under-protected from cyber threats. The ABI’s report, … Read more
Envelop Risk has announced two executive promotions Graeme Bell to Group Chief Operating Officer (COO) and Simon Welton to Executive Vice President (EVP) – Underwriting Performance and Strategic Partnerships. Graeme Bell Appointed as COO Bell joined Envelop Risk as a non-executive director in 2020. He transitioned to an executive role as Group Chief Legal Officer … Read more
Falcon Risk Services, an MGA majority-owned by HDI Global Specialty, has introduced FalconFlight, a Cyber, Technology Errors & Omissions (E&O), and Miscellaneous Professional Liability (MPL) insurance product. FalconFlight Cyber Liability provides up to $10 million in A+ rated capacity and is available to companies with annual revenues between $10 million and $3 billion. The product … Read more