The Source for Cyber Insurance News, Insights and Data
R.E. Chaix & Associates Insurance Brokers, based in Irvine, has acquired US Pro Insurance Services. This move broadens R.E. Chaix’s reach in specialty lines and gives them access to more carriers. US Pro focuses on placing cyber liability insurance for retail agents and brokers. The merged company will operate as R.E. Chaix & Associates, and … Read more
First-Ever In a first-ever, premiums for cybersecurity insurance coverage in the U.S. fell 2.3% in 2024, according to AM Best’s latest report. This marks the first recorded decline since 2015, with total direct premiums written now below $7.1 billion. The loss ratio remained below 50%, suggesting that cyber insurance continues to yield profits. The AM … Read more
Resilience has expanded its partnership with UK-based insurer RSA to offer surplus lines of cyber insurance to US businesses through London’s wholesale market. The move allows companies with revenue between $75 million and $10 billion to access coverage outside traditional US markets. Expanded Cyber Insurance Capacity Resilience’s new initiative enables US clients to secure cyber … Read more