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

Insurance Journal

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 218
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People Moves: Aon Promotes Rieth to Global Cyber Leader

Insurance Journal

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 163
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Markets/Coverages: Marsh Launches European Cyber Facility for Mid-Sized Enterprises

Insurance Journal

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 182
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Beazley Report: US Executives Misjudge Cyber Preparedness

Insurance Journal

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 151
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Co-op Is Latest British Retailer to Be Hit by Cyber Attack

Insurance Journal

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 151
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Reputation Risk Can Overshadow Ransom in Cyberattacks, Aon Says

Insurance Journal

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 277
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Cyber Resilience Overestimation Leads to Business Continuity Issues, Ransom Payments

Insurance Journal

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 321