The Source for Cyber Insurance News, Insights and Data
NOT IF BUT WHEN – Cyber risk moves markets and balance sheets. It hits fast and hard. Marks & Spencer forecasts about £300 million in lost operating profit after its April ransomware attack this year. Clorox is suing Cognizant for $380 million over a breach tied to 2023, with the claim filed this year. SK … Read more
SMB Cyber Liability Coverage K2 Cyber, part of K2 Insurance Services, has partnered with Liberty Mutual and its Ironshore programs group to offer expanded cyber risk insurance for small and mid-sized businesses. Liberty Mutual, rated “A” by A.M. Best, brings global underwriting and claims expertise to the collaboration. This move grants K2 Cyber delegated underwriting … Read more
New Leadership in Cyber Development Emma Suschkov is taking her “passion for cybersecurity” to CFC as a new cyber development manager. She will be based in Toronto, Canada, and will focus on strengthening corporate relationships and expanding broker connections. Role and Responsibilities Suschkov will work closely with underwriting and claims teams in London. Her responsibilities include developing … Read more
The cyber insurance market is stabilizing as cyber underwriting practices and pricing models mature. Rate volatility is decreasing, and coverage options are expanding. A new report from Risk Placement Services (RPS) highlights key trends shaping the market in early 2025. It touches on cybersecurity, data breaches, ransomware, AI-powered cyberattacks, and AI as a defensive tool, … Read more
CFC has announced the departure of Chief Underwriting Officer (CUO) Dan Trueman as part of a leadership restructuring. CFC Restructures Underwriting Leadership as Trueman Exits The specialist insurance provider conducted a strategic review and decided to reshape the CUO role to align with its global growth plans. As a result, Trueman is leaving the company. … Read more