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An action plan is crucial for any company facing a crisis, and when it comes to cyber events, having a well-defined strategy can make all the difference. The newly released…
Read More “ABI and Lloyd’s Publish Comprehensive Guide on Defining Major Cyber Events” »
Here it is – Your Cyber Insurance Sunday – Upload — A few items from the week. Some we reported on, and others we found interesting. Lloyd’s looks at the…
WTW, a global advisory and solutions firm, has introduced the International CyCore Facility (ICF). An offering tailored specifically for international clients outside of Great Britain and the US. Designed to…
Read More “The Evolution of Cybersecurity: Introducing the International Cycore Facility” »
Envelop Risk, the data-driven cyber (re)insurance and analytics specialist, has launched Envelop SPA 1925. It is a dedicated cyber reinsurance Special Purpose Arrangement (SPA) at Lloyd’s, collaborating with Apollo through…
Read More “Cyber Insurer Envelop Launches Strategic SPA 1925 in Lloyd’s Collaboration with Apollo” »
As in the US, the discussion turns on the threat of a catastrophic “systemic” cyber attack, which could generate $3.5 trillion in “global economic damage” according to a recent model…
Read More “Brits Debate Government Backstop to Cyber Insurance Industry” »
The risk analytics provider to the cyber insurance industry warns about scenarios that could impact the already confused world of cyber war risk and exclusions. Its new report — “CyberCube’s…
Read More “Cyber Insurance Industry to be Tested This Year by Cyber War Exclusions: CyberCube” »
When Lloyd’s provided updated guidance and exclusions for nation-state cyber attacks, some industry players and news outlets concluded the organization intended to jettison all such coverage. Not so, Lloyd’s said…
Lloyd’s denies it has to pay under the terms of the insurance policy, but the university system claims the damages are covered under California rules of policy interpretation. A 2019…
Read More “University of California System Sues Lloyd’s Over 2014 Hack ” »
“Misreporting about the LMA (Lloyd’s Market Association) exclusions – specifically that Lloyd’s war exclusions do not cover state-sponsored cyber attacks – has been “deeply unhelpful,” said Andrew Hill, global head…
Read More “Roll Out of Lloyd’s Cyber War Exclusion Dazes and Confuses Market ” »
“’The investigation has concluded that no evidence of any compromise was found and as such Lloyd’s has been advised that its network services can now be restored,’ a Lloyd’s spokesperson…
Read More “Lloyd’s Declares “All Clear” After Report of Possible Hack ” »