Cyber - Insurance Industry Brief

Markets/Coverages: Markel Launches Pre-Loss Services for UK Cyber Clients

Insurance Journal

JULY 9, 2025

These new offerings include a complimentary one-hour call with an experienced cyber and data risk lawyer from Markel Law to … Markel Insurance, the insurance operations within Markel Group Inc., announced the launch of its pre-loss services for UK Cyber360 policyholders.

Cyber

Cyber Policyholder Risk Insurance

People Moves: Aon Promotes Rieth to Global Cyber Leader

Insurance Journal

JUNE 19, 2025

Aon Promotes Rieth to Global Cyber Leader Aon plc, headquartered in London, promoted Brent Rieth to global cyber leader within Commercial Risk Solutions. Rieth, based in Chicago, Illinois, currently serves as head of Cyber Solutions, North America, will now lead …

Cyber

Cyber Commercial Risk

Markets/Coverages: Marsh Launches European Cyber Facility for Mid-Sized Enterprises

Insurance Journal

JUNE 26, 2025

Marsh, insurance brokerage business of Marsh McLennan, announced the launch of Cyber Unity, a new insurance facility for organizations across the European Union, as well as in Israel, Norway, Serbia, and Turkey, with revenues up to €500 million (US$581.2

Cyber

Cyber Insurance Insurer Insured

Beazley Report: US Executives Misjudge Cyber Preparedness

Insurance Journal

JUNE 30, 2025

based executives feel more prepared to counter cyber threats, potentially indicating a false sense of security because many companies lack the ability to be adequately prepared, according to a new report from specialist insurer Beazley. According to the report, “Spotlight …

Cyber

Cyber Insurance Insurer Insured

Co-op Is Latest British Retailer to Be Hit by Cyber Attack

Insurance Journal

APRIL 30, 2025

Britain’s Co-op Group said on Wednesday hackers had attempted to break into its systems, the second high-profile cyber attack on a major UK retailer in as many weeks, following an ongoing incident at Marks & Spencer. The Co-op, which is …

Cyber

Cyber Crime

Australia’s Qantas Says 6 Million Customer Accounts Accessed in Cyber Hack

Insurance Journal

JULY 2, 2025

A cyber hacker broke into a database containing the personal information of millions of customers, Qantas said, in Australia’s biggest breach in years and a setback for an airline rebuilding trust after a reputational crisis. The hacker targeted a call …

Cyber

Reputation Risk Can Overshadow Ransom in Cyberattacks, Aon Says

Insurance Journal

JUNE 27, 2025

Reputational costs and dipping stock values can be a significant portion of losses, according to the new Aon Global 2025 Cyber Risk Report. The cost of a cyberattack extends far beyond any immediate mitigation expenses or ransoms paid. Reputation risk …

Risk

Risk Cyber Claim

Cyber Insurance Firm Coalition Gets $30M Equity Investment From Mitsui Sumitomo

Insurance Journal

MARCH 4, 2025

Global cyber insurance provider Coalition announced a new $30 million equity investment from Insurance Co., MSI), a member of MS&AD Insurance Group. The investment anchors a strategic partnership aimed at bringing what San Francisco-based Coalition calls its “Active Insurance” …

Cyber

Cyber Insurance Insurer Insured

Cyber Incidents in Canada Triple in 2 Years: QBE Research

Insurance Journal

JUNE 6, 2025

Significant cyber incidents have tripled in two years in Canada, driven by technological, socioeconomic and geopolitical factors such as the war in Ukraine, according to research from commercial insurer QBE. Disruptive, globally significant and successful cyberattacks have increased from 10 …

Cyber

Cyber Commercial Insurance Commercial Insurance

Viewpoint: Cyber Is a Product for Everyone, so Let’s Start Acting Like it

Insurance Journal

JUNE 26, 2025

If this latest wave of retail cyberattacks proves anything, it’s that any business in any sector and of any size can find itself breached. These aren’t fringe incidents anymore; they’re national news, hitting high-street brands and sending disruptive shockwaves through …

Cyber

Cyber Insurance Policy Policy Insurance

Cyber Resilience Overestimation Leads to Business Continuity Issues, Ransom Payments

Insurance Journal

AUGUST 22, 2024

New research commissioned by Cohesity, an AI-powered data security firm, reveals organizations overestimate their cyber resilience capabilities and maturity, leading to significant business continuity disruptions and ransom payments. The Cohesity Global Cyber Resilience Report 2024, which polled over 3,100 IT …

Cyber

Cyber Insurance Insurer Insured

Cyber, Business Interruption, Natural Disasters Listed as Top 3 Business Risks: Allianz

Insurance Journal

JANUARY 15, 2025

Cyber, business interruption and natural catastrophes are the top three risks that concern global businesses, according to the Allianz Risk Barometer 2025. Cyber incidents, such as ransomware attacks, data breaches and IT outages, is the top global risk for 2025, …

Business Interruption

Business Interruption Cyber Risk Commercial

Zurich, Cowbell Collaborate to Offer D&O, EPL, Crime, and Fiduciary to SMEs

Insurance Journal

JUNE 26, 2025

Cyber insurer Cowbell said it has expanded its product portfolio to include a comprehensive multi-line insurance offering from Zurich North America within the United States. Building on its established success in cyber and technology errors & omissions (Tech E&O), Cowbell …

Crime

Crime Cyber Building Insurance

UK Risk Managers Identify ‘Tech, AI and Cyber’ as Top Concern in AIRMIC Survey

Insurance Journal

JUNE 12, 2025

UK risk managers identified five key themes that could affect their businesses, topped by “technology, AI and cyber,” according to AIRMIC, the British risk management group, which conducted a survey of its members. Nearly 90% of respondents pointed to tech, …

Cyber

Cyber Risk

Cyber Security and Risk Mitigation

Insurance Journal

AUGUST 18, 2024

Security leaders should be exercising every available option to upgrade their security posture, and cyber insurance policies could make or break the resiliency for many organizations across nearly all industries — K-12 education, retail, healthcare, manufacturing and more. Just last …

Cyber

Cyber Risk Insurance Policy Policy

Cyber Insurance Market Size Expected to Soar: Munich Re

Insurance Journal

APRIL 14, 2025

Munich Re said in a recent report it expects the global cyber insurance market to reach about $16.3 In “Cyber … billion gross premiums in 2025, with continued growth that will have the market at more than $32 billion in 2023.

Cyber

Cyber Premium Insurance Insurer

Zurich Insurance Buys Canadian Insurance Technology Firm BOXX

Insurance Journal

JULY 3, 2025

Zurich Insurance Group AG agreed to buy BOXX Insurance Inc, a Canadian cyber risk management firm, marking the Swiss insurer’s latest push into the insurance technology sector. The acquisition will see BOXX becoming part of Zurich’s platforms business, Zurich Global …

Cyber

Cyber Insurance Insurer Insured

Vienna Insurance Group Launches Specialist Cyber Security Company

Insurance Journal

NOVEMBER 4, 2024

Vienna Insurance Group has launched a specialist cyber security company focused cyber risk management for small and medium-sized companies. Called Cyber Risk Solutions GmbH (CyRiSo), the company provides comprehensive support to help companies reduce cyber risks and to prevent and …

Cyber

Cyber Risk Insurance Insurer

Cyber Hits All-Time High Concern for Business Leaders, Says Travelers Risk Index

Insurance Journal

SEPTEMBER 25, 2024

For the fourth time in six years, cyber risk ranked highest as a concern for business leaders. In fact, this year cyber as a top concern reached an all time high, according to the 2024 Travelers Risk Index. Cyber was …

Cyber

Cyber Risk

UK Cyber Spies Plan AI ‘Lab’ to Counter Hostile State Threats

Insurance Journal

AUGUST 12, 2024

UK spies are stepping up efforts to tackle cyber and artificial intelligence threats from hostile foreign states, including the sort of online manipulation that helped foment rioting across the country in the past 10 days. GCHQ, the UK’s national security …

Cyber

Victoria’s Secret Says Cyber Incident Led to Temporary Website Shut Down

Insurance Journal

JUNE 3, 2025

Victoria’s Secret on Tuesday disclosed that a security incident relating to its information technology systems had led it to temporarily shut down its website for a few days last week. The company said it shut down corporate systems and e-commerce …

Cyber

Cyber Insurance Market to Expand as Risks Evolve: Gallagher

Insurance Journal

JANUARY 16, 2025

While 2024 brought record-breaking data-breach costs and evolving cyber risk, all signs point to stable rates and ample capacity in 2025. Intense competition among cyber insurance carriers has resulted in higher limits, enhanced cyber risk management services, flexibility in insurance …

Cyber

Cyber Risk Insurance Carrier Insurance

Delta Air Lines to Seek Compensation Over Cyber Outage: Report

Insurance Journal

JULY 30, 2024

Delta Air Lines has hired a law firm and will seek compensation from Microsoft and CrowdStrike over a global cyber outage earlier this month that disrupted flights around the world, CNBC reported on Monday. The Atlanta-based airline has been the …

Cyber

Cyber Compensation Business Interruption Commercial

Middle East Tensions Boost Underwriting Risks Across Re/Insurers’ Portfolios: Report

Insurance Journal

JUNE 26, 2025

Marine, aviation, cyber, and terrorism insurers face immediate underwriting pressures and potential accumulation losses as a result of heightened hostilities between Iran and Israel, according to Morningstar DBRS. In addition, the report said, reinsurance capacity in certain business lines could …

Underwriter

Underwriter Underwriting Cyber Risk

Markets/Coverages: Beazley Launches Cyber Consortium for Large Corporates

Insurance Journal

OCTOBER 8, 2024

Specialty insurer Beazley announced the launch of a cyber consortium that provides comprehensive cover for large corporates with a turnover in excess of $1 billion, infusing $100 million of new capacity into the cyber market. Called Beazley Quantum, the consortium …

Cyber

Cyber Insurance Insurer Insured

US Firms Warn Against ‘Unprecedented’ Hong Kong Cyber Rules

Insurance Journal

AUGUST 20, 2024

US firms have warned that parts of a proposed cyber law could grant the Hong Kong government unusual access to their computer systems, highlighting the latest challenge to Western tech giants in the city. The Asia Internet Coalition, which includes …

Cyber

Small Businesses Continue to Be Underserved by Cyber Insurers: CyberCube

Insurance Journal

APRIL 2, 2025

Cyber risk analytics firm CyberCube in a report said the cyber insurance market continues to underserve small businesses although these businesses represent a significant share of the global economic output. “This protection gap presents both an opportunity and a responsibility …

Cyber

Cyber Protection Insurance Insurer

Trigger Warning: Cyber Policy Wordings to Impact Coverage for Tech Outage

Insurance Journal

JULY 22, 2024

Industry stakeholders continue to try to get a grasp of the implications from last week’s massive technology outage affecting motley industries around the world, but the theme of policy language is reoccurring for a cyber insurance industry not known for …

Cyber

Cyber Policy Insurance Industry Insurance

Markets/Coverages: Cyber MGA Resilience Launches Tech E&O Cover in UK and EU

Insurance Journal

APRIL 11, 2025

Resilience, the specialist in cyber risk solutions, announced the introduction of coverage for technology errors and omissions (tech E&O) in the UK and Europe, supported through a new partnership with Accredited Insurances. Resilience now offers tech E&O coverage for clients …

Cyber

Cyber Risk Insurance Insurer

Microsoft, Cyber Firms to Meet on Fixes After CrowdStrike Crash

Insurance Journal

AUGUST 25, 2024

Cyber companies — including … Microsoft Corp. is planning a meeting next month with cybersecurity companies that operate at the core of its Windows systems to discuss ways in which they can keep last month’s worldwide computer crash from happening again.

Cyber

Markets/Coverages: MGA Pen Launches Enhanced Cyber Risk Management Platform

Insurance Journal

MAY 13, 2025

Pen Underwriting, the London-based managing general agent, has invested in a new cyber protection platform called “Pen Protect,” which aims to equip all its cyber policyholders around the world with an exclusive, enhanced, integrated suite of risk management tools and …

Cyber

Cyber Risk Underwriter Underwriting

Markets/Coverages: Hartford and Coalition Announce Cyber Capacity Partnership in UK

Insurance Journal

OCTOBER 29, 2024

The Hartford and cyber-MGA Coalition announced a strategic, long-term capacity partnership in response to growing customer and broker demand for Coalition’s active cyber insurance approach in the UK market. The new capacity agreement combines the established strength of The Hartford …

Cyber

Cyber Broker Insurance Insurer

Markets/Coverages: Coalition Launches UK Clawback Service to Recover Money Stolen in Cyber Attacks

Insurance Journal

OCTOBER 18, 2024

Coalition, the San Francisco-based cyber managing general agent and cybersecurity firm, has become the first cyber insurance provider in the UK to launch a service dedicated to recovering funds stolen by cyber attackers. The cyber insurer’s new UK “clawback” service …

Cyber

Cyber Agents Insurance Insurer

Crime Syndicates in Southeast Asia Go Global, Defying Crackdowns

Insurance Journal

APRIL 21, 2025

Cyber crime syndicates that run multi-billion-dollar scam operations across Southeast Asia are still expanding despite recent law enforcement crackdowns, building links from Ireland to Mexico and reaching a potentially irreversible global spillover, the United Nations warned. The transnational criminal networks …

Crime

Crime Cyber Building

Symbol Will Indicate When Connected Devices Are Cyber Secure

Insurance Journal

JANUARY 8, 2025

Consumers may soon be able to buy electronic products with a label indicating they are “cyber secure,” according to US officials. The White House on Tuesday announced the launch of a new US Cyber Trust Mark, indicating designated items follow …

Cyber

Markets/Coverages: Howden Launches Cyber Solution With Chubb, LSM and Mosaic

Insurance Journal

OCTOBER 31, 2024

Howden, the London-based insurance intermediary group, announced the launch of Howden Safe+, a cyber insurance solution aimed at clients with revenues between $250 million and $2 billion. Safe+ simplifies the procurement process by reducing the number of questions required at …

Cyber

Cyber Insurance Insurer Insured

Agents Must Take the Lead on Personal Cyber Coverage, Report Says

Insurance Journal

JULY 6, 2025

By Jahna Jacobson While major corporate cyber hacking makes the news nearly every day, what about hackers in homes? As personal lives and residences become more intertwined with the internet, consumers are at greater risk of personal cybercrime. As risk …

Cyber

Cyber Agents Risk

Old Republic Starts New Company for Cyber, Tech E&O

Insurance Journal

JANUARY 7, 2025

said it is forming a new subsidiary for cyber and technology errors and omissions insurance products. Old Republic Cyber Inc. Old Republic International Corp. will be led by CJ Pruzinsky, formerly of Resilience. He will serve as president of the …

Cyber

Cyber Insurance Insurer Insured

Markets/Coverages MGA Pen Underwriting Relaunches Large Corporate Cyber Offering

Insurance Journal

OCTOBER 21, 2024

Pen Underwriting has relaunched its cyber proposition for large corporate clients with a comprehensive rebuild that sees it re-enter primary cover for this end of the market, double its excess of loss (XOL) limit and introduce a significantly broader risk …

Cyber

Cyber Underwriter Underwriting Risk

New Gallagher Re-Bitsight Report Identifies Cyber Footprint as Claims Driver

Insurance Journal

OCTOBER 28, 2024

A new report from Gallagher Re has found that cyber insurers could reduce loss ratios up to 16% by removing most-at-risk entities. Using independent analysis of cybersecurity performance data provided by Bitsight in combination with claims data, the study uses …

Cyber

Cyber Claim Risk Insurance

Resilience: Third-Party Risk Involved in 31% of Cyber Claims

Insurance Journal

MARCH 23, 2025

More merger-and-acquisition activity and technology consolidation have given cyber hackers plenty of entry points to exploit, making third-party cyber risk a dominant driver of claims for Resilience in 2024. New research from the San Francisco-based cyber solutions company found 31% …

Cyber

Cyber Claim Risk

China Is Scanning Canada’s Cyber Defenses, State Watchdog Warns

Insurance Journal

OCTOBER 28, 2024

The Canadian government warned Friday that “a sophisticated state-sponsored threat actor from the People’s Republic of China” has been scanning the cyber defenses of important public entities. “Reconnaissance scanning is not an indication of compromise” but may precede malicious actions, …

Cyber

Economic Challenges, Cyber, and People Risks Top UK Businesses’ Concerns: Marsh

Insurance Journal

OCTOBER 11, 2024

Economic and financial challenges (43%), cyber threats (39%) and people-related risks (38%) are the top three concerns facing UK businesses over the next 12 months, according to new research by Marsh McLennan. The findings come from Marsh’s UK Business Risk …

Cyber

Cyber Risk

Cyber Specialty MGA Envelop Risk Extends Capacity Backing From MS Reinsurance

Insurance Journal

DECEMBER 11, 2024

Envelop Risk, the data-driven cyber reinsurance and analytics specialist, announced it has just completed a capacity agreement with MS Reinsurance for a further three years. Further to that, MS Reinsurance recently became a client of Envelop’s new Solutions Business with …

Cyber

Cyber Risk Insurance Insurer

Markets/Coverages: Markel Launches Pre-Loss Services for UK Cyber Clients

People Moves: Aon Promotes Rieth to Global Cyber Leader

Trending Sources

Markets/Coverages: Marsh Launches European Cyber Facility for Mid-Sized Enterprises

Beazley Report: US Executives Misjudge Cyber Preparedness

Co-op Is Latest British Retailer to Be Hit by Cyber Attack

Australia’s Qantas Says 6 Million Customer Accounts Accessed in Cyber Hack

Reputation Risk Can Overshadow Ransom in Cyberattacks, Aon Says

Cyber Insurance Firm Coalition Gets $30M Equity Investment From Mitsui Sumitomo

Cyber Incidents in Canada Triple in 2 Years: QBE Research

Viewpoint: Cyber Is a Product for Everyone, so Let’s Start Acting Like it

Cyber Resilience Overestimation Leads to Business Continuity Issues, Ransom Payments

Cyber, Business Interruption, Natural Disasters Listed as Top 3 Business Risks: Allianz

Zurich, Cowbell Collaborate to Offer D&O, EPL, Crime, and Fiduciary to SMEs

UK Risk Managers Identify ‘Tech, AI and Cyber’ as Top Concern in AIRMIC Survey

Cyber Security and Risk Mitigation

Cyber Insurance Market Size Expected to Soar: Munich Re

Zurich Insurance Buys Canadian Insurance Technology Firm BOXX

Vienna Insurance Group Launches Specialist Cyber Security Company

Cyber Hits All-Time High Concern for Business Leaders, Says Travelers Risk Index

UK Cyber Spies Plan AI ‘Lab’ to Counter Hostile State Threats

Victoria’s Secret Says Cyber Incident Led to Temporary Website Shut Down

Cyber Insurance Market to Expand as Risks Evolve: Gallagher

Delta Air Lines to Seek Compensation Over Cyber Outage: Report

Middle East Tensions Boost Underwriting Risks Across Re/Insurers’ Portfolios: Report

Markets/Coverages: Beazley Launches Cyber Consortium for Large Corporates

US Firms Warn Against ‘Unprecedented’ Hong Kong Cyber Rules

Small Businesses Continue to Be Underserved by Cyber Insurers: CyberCube

Trigger Warning: Cyber Policy Wordings to Impact Coverage for Tech Outage

Markets/Coverages: Cyber MGA Resilience Launches Tech E&O Cover in UK and EU

Microsoft, Cyber Firms to Meet on Fixes After CrowdStrike Crash

Markets/Coverages: MGA Pen Launches Enhanced Cyber Risk Management Platform

Markets/Coverages: Hartford and Coalition Announce Cyber Capacity Partnership in UK

Markets/Coverages: Coalition Launches UK Clawback Service to Recover Money Stolen in Cyber Attacks

Crime Syndicates in Southeast Asia Go Global, Defying Crackdowns

Symbol Will Indicate When Connected Devices Are Cyber Secure

Markets/Coverages: Howden Launches Cyber Solution With Chubb, LSM and Mosaic

Agents Must Take the Lead on Personal Cyber Coverage, Report Says

Old Republic Starts New Company for Cyber, Tech E&O

Markets/Coverages MGA Pen Underwriting Relaunches Large Corporate Cyber Offering

New Gallagher Re-Bitsight Report Identifies Cyber Footprint as Claims Driver

Resilience: Third-Party Risk Involved in 31% of Cyber Claims

China Is Scanning Canada’s Cyber Defenses, State Watchdog Warns

Economic Challenges, Cyber, and People Risks Top UK Businesses’ Concerns: Marsh

Cyber Specialty MGA Envelop Risk Extends Capacity Backing From MS Reinsurance

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