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Zurich buys SpearTip to bolster its cyber risk and mitigation services to customers. “‘Both Zurich Resilience Solutions and SpearTip share a commitment to helping businesses anticipate and prevent cyber threats while being ready to respond when an attack occurs,’ said Tom Fioretti, Head of North America Zurich Resilience Solutions. ‘The acquisition of SpearTip represents a further … Read more
With this round, the insurtech has raised US$24.5 million. Zurich Insurance participated in both rounds. BOXX says it’s grown 10X in the last 24 months and now serves over 250,000 individuals and 10,000 businesses. The investment and BOXX’s growth demonstrated the continued traction of tech companies that combine insurance with security applications. “We’re not only … Read more
An appeals court found T-Mobile can cover its Zurich deductible with funds it recovered from a vendor involved in the breach. “The court rejected Zurich’s argument that a policyholder can’t use a third-party payment as a deductible and found that the insurer must cover T-Mobile’s losses stemming from the breach. The decision will add firepower … Read more
“The appointment follows the recent announcement by BOXX of its global partnership with Zurich Insurance, which Steptoe will manage along with other customer relationships in Europe.” Source: Toronto-Based Cyber Insurer BOXX Insurance Appoints Dominic Steptoe as Global Chief Product Officer | News | wfmz.com
“Zurich Global Ventures CEO Says Jack Howell said: ‘BOXX’s prevention-led approach convinced us that they are building a winning business with the potential to actively shape cyber insurance for small to mid-sized businesses and consumers.’” Insurtech startup BOXX has closed its oversubscribed $10m Series A funding round to fund its global expansion plans. Source: Cyber … Read more