The Source for Cyber Insurance News, Insights and Data
Marsh, a global leader in insurance brokerage and risk advisory, recently unveiled Edgware Re Ltd.. The Bermuda-based group captive insurance company is focused on cyber insurance. This launch comes at a time when the cyber insurance industry is experiencing rapid evolution, driven by the escalating frequency and sophistication of cyber threats. Edgware Re is tailored … Read more
Marsh, a leading insurance broker and risk advisor, appointed Shannan Fort as International Cyber Product Leader of Marsh Specialty. The appointment is effective April 1. Based in London, she will report to Gregory Eskins and Kelly Butler. Fort joins from McGill and Partners, bringing 16 years of experience, including roles at Aon. In her new … Read more
AWS will now share security data of companies it serves when they request to be connected with cyber insurance brokers and insurers. The members of this ecosystem predict it will cut the time to obtain cyber liability insurance from weeks to days and potentially offer discounts of up to 15%. “Through AWS’s Cyber Insurance Competency … Read more
Marsh has unveiled plans to launch a comprehensive global cyber practice. The goal? Combine its extensive cyber capabilities encompassing insurance, risk intelligence, incident management, and cybersecurity on a global scale. Tom Reagan, the current Cyber Practice Leader for the US and Canada at Marsh Specialty, has been appointed as the Global Specialty Head of Cyber … Read more
Marsh reports claims were up 77% in Q1 2023 compared with the previous quarter. Resilience reports the same trend. “One possible explanation for the resurgence is that ransomware purveyors based in Russia are now recalibrating after being temporarily preoccupied with the country’s war against Ukraine, which has involved the use of cyber attacks, (Amanda Bevilacqua, … Read more