Cyber Insurance Sunday – Upload
Here it is—Your Cyber Insurance Sunday—Upload. The latest cybersecurity insurance news. A few items from the week. Some from us, some from others: Guy Carpenter and At-Bay look at Cyber…
Stephen Moss Joins Cowbell’s Board of Directors to Strengthen Cyber Insurance Strategy
Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs), has appointed Stephen Moss to its Board of Directors. Moss, who serves as Group Head of Financial Lines…
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Zurich North America Announces Kara Higginbotham as Head of Professional Liability and Cyber for U.S.
Zurich North America has announced Kara Higginbotham’s appointment as the Head of Professional Liability and Cyber for U.S. National Accounts. Higginbotham will lead a team of underwriters tasked with serving…
Zurich Expands Middle-Market Cyber Offering
“‘Many middle market companies tell us they want to improve their cyber posture but lack the staff, skill sets or access to cost-effective tools,’ said Alex Wells, Head of Middle…
Cyber Attacks To Become “Uninsurable:” Zurich Insurance CEO
Forget natural disasters, says the CEO. Cyber is the biggest threat, and public-private systems will be needed (note recent US movement in that direction.) “’What will become uninsurable (versus climate…
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Settlement by Zurich to Accelerate Tighter Insurance Exclusions for Nation/State-linked Cyber Attacks
Insurers have tried to avoid paying claims related to Russia’s NotPetya cyber attacks on Ukrainian targets. “Now, however, it’s increasingly clear insurers aren’t off the hook for NotPetya payouts or…
Many Cyber Insurance Customers Find It Hard to Understand Their Policies & Other Interesting Tidbits in New Advisen-Zurich Survey
This useful survey includes reasons companies buy cyber insurance (see below). It also notes that a third of respondents say their cyber insurance policies are written unclearly. Source: 2022 Advisen-Zurich…