The Source for Cyber Insurance News, Insights and Data
Aon’s latest renewal snapshot spans many lines and regions. This article highlights the key points from the broader report on cyber insurance and provides brief context on other lines. Cyber Insurance Market Tone: Resilient, With Stabilizing Rates Aon reports a resilient cyber market after ten straight quarters of rate decreases. The rate environment now shows … Read more
Invision Cyber, a new MGA founded by Acies, launched a US cyber insurance program for Trend Micro customers. Trade outlets reported the debut today and confirmed Lloyd’s backing and capacity up to $10 million. Product details The product targets Trend Micro’s enterprise base. It lists Invision as “the only insurance partner built and designed for … Read more
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