The Source for Cyber Insurance News, Insights and Data
Converge, based in New York, has increased its cyber liability insurance capacity after reaching a new agreement with Lloyd’s of London and gaining more support from Obsidian Insurance Group. Now, companies with up to $5 billion in annual revenue are eligible for coverage. Middle Market Gains Access To Higher Cyber Insurance Limits Converge can now … Read more
Spektrum Labs has embedded Limit’s wholesale marketplace into its Cyber Resilience Platform. The result is streamlined access to a cyber insurance policy. The integration enables instant coverage for businesses using Spektrum Passport tokens. Users can validate security posture in real time and turn that proof into immediate insurance quotes. The process removes questionnaires and reduces … Read more
CyberCube appointed Chris Methven as Chief Executive Officer, effective immediately. He succeeds Pascal Millaire, who moved into a Senior Advisor role. The company framed the change as part of its next growth phase following a $180 million financing led by Spectrum Equity. CyberCube sells cyber risk modeling and analytics used by cyber insurers, reinsurers, 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