The Source for Cyber Insurance News, Insights and Data
International General Insurance has taken a 60% stake in Cipher Underwriting Ltd, a Bermuda-based cyber treaty reinsurance managing general agent. Cipher will be led by Ari Chatterjee, who built Hannover Re’s cyber unit in Bermuda and was later chief underwriting officer at Envelop Risk. Of the news, Chatterjee said, “We are privileged to partner with … Read more
Pen Underwriting has doubled its UK SME cyber cover limit to £10 million. The new ceiling applies to companies with revenues up to £600 million. It takes effect for risks incepting on or after 1 July 2026. The MGA also confirmed it will handle all UK cyber claims in-house. The London-based MGA cited rising broker … Read more
A new market update from broker Lockton lands with a split-screen message for buyers and underwriters. The cyber insurance market kept softening, even as the threat environment hardened. Insurers chased growth and fought for renewals. Brokers regained leverage on terms. Claims teams, meanwhile, faced heavier files and longer cleanups. Key Cyber Insurance Market Takeaways Incidents … Read more
Parametrix has hired three new specialists: Eva Kwan, Albert Huang, and Kerri Colwell, as demand for cyber and digital infrastructure insurance continues to rise. Brokers are dealing with ongoing cyber losses, unexpected technology downtime, and SLA pressures that can quickly impact budgets. Parametrix aims to address these challenges with parametric coverage. Their products link payouts … Read more
Data leaks. Third Party Risk. Unauthorized access. Insurance companies spend real money on cyber controls. Then they hand the keys to a cheap “offshore” vendor model that cannot stop someone from snapping a photo of a customer’s Social Security number. Data exposure. That is the warning from Norm Hudson, an insurance operations executive who founded … Read more