The Source for Cyber Insurance News, Insights and Data
R.E. Chaix & Associates Insurance Brokers, based in Irvine, has acquired US Pro Insurance Services. This move broadens R.E. Chaix’s reach in specialty lines and gives them access to more carriers. US Pro focuses on placing cyber liability insurance for retail agents and brokers. The merged company will operate as R.E. Chaix & Associates, and … Read more
Ransomware crews can cripple a firm in minutes. They can freeze files, block payments, and stop customer service. Digital Minister Liz Lloyd delivered that warning to insurance brokers at BIBA’s manifesto launch. Lloyd set the tone early, saying, “Cyber security is not optional.” She added, “It is foundational to our national security, our economy, and … Read more
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
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
A Cyber Insurance Market – Under Construction Cyber insurance is still developing as a market. Buyers are looking for straightforward coverage, while underwriters want proof that security measures are in place. The latest Cyber Insurance News Podcast explores this tension with Max Perkins from Spektrum Labs. Perkins explains that cyber insurance is still new compared … Read more