Cyber

Cyber insurance lawyer Selby launches Selby Strategies

Former Kennedys partner and well-known cyber insurance lawyer Judy Selby has launched Selby Strategies to offer performance coaching.

CAC launches CyberPeril Pro solution for energy and utility sectors

US broker CAC Group has launched CyberPeril Pro, a cyber insurance solution designed to address coverage gaps within the energy and utility industries.

Munich Re takes hardline stance on 1.1 renewals with further adjustments needed to address loss creep

Munich Re has issued a stark warning to brokers and cedants that it is “unwilling to be challenged” on wordings, price and attachment points at the 1.1 renewals, with the reinsurer adding that further adjustments will be needed for some exposures to address loss creep.

Cyber, geopolitical and climate threats dominate risk manager concerns: Ferma global survey

Cyber attacks represent the top threat risk managers are concerned about in the short term, according to the first global survey from the Federation of European Risk Management Associations (Ferma).

Cyber: Modelling for a fast-moving risk

Moody’s Damini Mago discusses how advances in cyber modelling can help the market navigate rapidly evolving risks.

Gallagher Re’s Braney: Cyber’s breakthrough at Baden-Baden and international growth opportunities

Jen Braney, head of international cyber at Gallagher Re, discusses the significance of the first cyber event taking place at this year’s Baden-Baden meeting, as well as growth opportunities and challenges in the cyber (re)insurance space.

Expanding cyber insurance market demands ongoing capital investment

Peak Re’s Edward Shen says further capital support and accumulation management are key to maintaining the cyber market’s growth.

Public-private partnerships and (re)insurance pools in Europe

Guy Carpenter’s Europe CEO Julian Enoizi on the need for greater collaboration between the public and private sectors.

Kroll recruits Marsh’s Keefe to be new global cyber insurance industry lead

Kroll has appointed former Marsh executive Katherine Keefe as managing director and global cyber insurance industry lead for Kroll’s cyber insurance capabilities worldwide, Cyber Risk Insurer can reveal.

Pen launches large corporate cyber offering

Gallagher’s UK-based MGA Pen Underwriting has launched its cyber proposition for large corporate clients.

DeNexus closes $17.5mn Series A funding round, adds Axa XL CUO as board observer

Cyber risk quantification and modelling firm DeNexus has secured $17.5mn in a Series A funding round that included participation from Axa XL.

Pierson Ferdinand adds Rivers as partner in cyber risk, privacy, data security practice

New York-based startup law firm Pierson Ferdinand LLP has appointed Rachel Rivers as a partner in its cyber-risk, privacy, and data security practice.

Coalition recovers £1.4mn under new UK ‘clawback’ service

Cyber insurer Coalition has recovered £1.4mn ($1.8mn) for a UK policyholder under its new service dedicated to recovering funds stolen in a cyberattack.

Cybersecurity firm Stellar Cyber and Converge partner on insurance program

Stellar Cyber, a provider of Open XDR security solutions, has partnered with Converge Insurance to launch the RiskShield Cyber Insurance Program for managed security service providers and their customers.

Extreme malware attack would not exhaust deployed limit in cyber market: study

The cyber insurance market could withstand a “plausible yet remote” malware event, according to the calculations of three cyber realistic disaster scenario models by Beazley, Munich Re and Gallagher Re.

Allianz calls for “step up” in cyber mitigation as large claims jump 14% in H1

The volume of cyber claims is expected to stabilise in 2024 following a rise in frequency last year, driven by an increase in data and privacy breach incidents, according to Allianz Commercial’s latest cyber risk outlook.

AI-related annual global premiums to reach up to $4.7bn by 2032: Deloitte

Increased deployment of AI technologies and emerging risks could generate $4.7bn in annual global premiums from AI-related insurance by 2032, although global premiums are expected to moderate at an annual increase of 3.1 percent next year, according to Deloitte’s latest industry outlook.

BHSI launches DACH PI and cyber offering through Hamburg office

Berkshire Hathaway Specialty Insurance has begun offering professional indemnity and cyber insurance lines in the DACH region, led by new recruit Thomas Pache.

Beazley launches $100mn cyber consortium

Beazley has launched a $100mn cyber consortium named “Beazley Quantum” for large corporates with turnover in excess of $1bn.

PwC: Only 15% of firms understand financial impact of cyber risks

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