NotPetya

Cyber Insurance Losses Mount, But Industry Poised for Growth – Gallagher Re 2025

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Gallagher Re’s latest report, The Quest for Growth, dives into a range of pressing cybersecurity insurance issues, from ransomware and cyber underwriting cycles to the evolving cyber threat landscape. At the center of it all lies a stark reality: the cyber insurance industry is struggling with volatility and major loss events, yet it holds vast, … Read more

Cyber Insurers Unlikely to Face Major Losses from Russia/Ukraine War: DBRS Morningstar

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Insurers have been tightening their war exclusions and clarifying attribution requirements, especially after the recent court win by Merck over reimbursement of its losses from 2017’s NotPetya malware attack. “However, in DBRS Morningstar’s opinion, attribution of cyber warfare remains a challenge because it places the onus on the insurer to demonstrate that a cyber incident … Read more

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