The Source for Cyber Insurance News, Insights and Data
Cyber insurance is becoming a key part of corporate risk management as cyber losses rise, threats spread more quickly, and many companies are still unprepared. This is the main message from Strengthening Cyber Resilience Through Insurance, a new report from the Geneva Association. According to the report, the median annual loss from a cybersecurity breach … Read more
Converge, based in New York, has increased its cyber liability insurance capacity after reaching a new agreement with Lloyd’s of London and gaining more support from Obsidian Insurance Group. Now, companies with up to $5 billion in annual revenue are eligible for coverage. Middle Market Gains Access To Higher Cyber Insurance Limits Converge can now … Read more
Apono’s new 2026 State of Agentic AI Cyber Risk Report finds that companies are tightening controls as AI risks rise. In a global survey of 250 security leaders, 98% said they slowed deployments, added extra reviews, or reduced project scope. CEO Rom Carmel explained, “CISOs are pressing the brakes” as agentic AI gets closer to … Read more
A major Lloyd’s broker is doubling down on cyber data as demand heats up. United Insurance Brokers (UIB) said it partnered with CyberCube to roll out Broking Manager and the Prep Module for its global cyber practice. The tools deliver cyber risk quantification and a consistent, data-driven view of cyber exposures. UIB plans to apply … Read more
New Milan Teams Target Italian Demand Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, launched two new divisions in Italy. The carrier opened an Energy & Construction unit and a Cyber unit. LSM based both teams in Milan. The move targets rising regional demand for specialty coverage and advisory support. LSM also aims … Read more