The Source for Cyber Insurance News, Insights and Data
The Biggest Threat: Concentrated Vendor Risk Peter Foster does not hesitate. “The third-party risk is the systemic risk that most underwriters worry about,” he says. “If you compromise 100 to 1,000 companies at a single point of failure, that’s the future risk that’s also here and now.” Foster, Chairman of Willis’ Global FINEX Cyber Solutions, … Read more
Introduction to the Partnership Cyber threats continue to grow across industries in 2025, pushing companies to seek a more integrated and intelligent cyber risk strategy and solutions. SecurityScorecard, a leader in cybersecurity ratings, and Willis, a WTW company known for risk management and insurance services, have officially partnered to tackle these rising digital risks. Overview … Read more
Willis Towers Watson, WTW (NASDAQ: WTW), has unveiled CyCore Asia. This new cyber insurance solution is tailored for businesses in Singapore and Hong Kong. Collaborating with underwriters QBE Insurance Group and AXA XL, WTW offers primary insurance capacity of up to USD 15 million, addressing growing cybersecurity concerns. The initiative responds to findings from WTW’s … Read more
WTW has appointed Ashley Hart as the Cyber Leader for its Private Equity and Transactional Solutions (PE&TS) team within Corporate Risk and Broking, North America. Hart will deliver cyber risk transfer solutions to private equity clients and their portfolio companies across North America in this role. Hart previously served as the West Zone Region cyber … Read more
Willis Towers Watson (WTW) has announced updates to its CyXS global cyber facility to better serve clients as they face escalating cyber threats. As of April 1, 2024, the facility’s maximum capacity has been increased by 50%, from 50 million to 75 million USD/EUR/GBP. Additionally, the number of Lloyd’s insurers participating in the facility has … Read more