The Source for Cyber Insurance News, Insights and Data
Guy Carpenter, the global risk and reinsurance specialist under the Marsh McLennan umbrella, has taken steps to address the volatility of cyber risks with the launch of its groundbreaking product, CatStop+. This cyber reinsurance offering combines low-attaching cyber event coverage with the proven mechanics and attritional protection of aggregate stop loss. The innovative structure of … Read more
As usual, a few items from the week. Some we reported on, and others we found interesting. Plenty of cyber insurance news for small and medium enterprises and something for the individual; AXA XL and CFC add to their ranks, and Clorox and Johnson Controls detail the costs of cyberattacks. There’s more than that, so … Read more
In a strategic move to bolster its cybersecurity leadership, CFC, a pioneering insurance provider in emerging risks and a cyber market leader, has announced the appointment of Jason Hart as the Head of Proactive Cyber. Hart, is a cybersecurity thought leader and member of the Forbes Technology Council. He boasts an impressive track record with … Read more
In a strategic move to fortify its position in the ever-evolving landscape of cyber insurance, AXA XL has appointed Michelle Chia as the Chief Underwriting Officer for Cyber in the Americas. The announcement highlights AXA XL’s commitment to innovation and growth in the face of an escalating need for cyber defenses and insurance. Ms. Chia … Read more
Active Insurance provider Coalition has unveiled its latest offering, Miscellaneous Professional Liability (MPL) Insurance. “Instead of going to multiple insurers or working with multiple underwriters, brokers can come to Coalition for quotes for Cyber and MPL coverage,” said Shawn Ram, Coalition’s Head of Insurance. This move is a response to the rapidly expanding professional services … Read more