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 271

Cyber Protection Insurance Insured 271

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 324

Cyber Insured Insurance Insurer 324

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 298

Cyber Risk Insurance Policy Policy 298

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 264

Cyber Insured Insurance Insurer 264

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 147

Cyber Risk Insured Insurance 147

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 299

Cyber Policy Insurance Industry Insured 299

Insurance Journal

JULY 31, 2024

Verisk’s Property Claim Services unit confirmed reports it has designated the recent global information technology outage as a cyber catastrophe event. With the designation, PCS Global Cyber believes what has come to be known as the CrowdStrike event will cause …

Cyber 278

Cyber Claim Insured Insurance 278

Insurance Journal

AUGUST 4, 2024

Insurers continue to grapple with elusive and ever changing cyber risks in the critical infrastructure sector, and Matthew McCabe, managing director for Guy Carpenter’s Cyber Center of Excellence, said he sees a three-party system emerging between insurers, policyholders, and the …

Cyber 264

Cyber Risk Policyholder Insured 264

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 264

Cyber Agents Insured Insurance 264

Insurance Journal

SEPTEMBER 8, 2024

A new report from Marsh McLennan and Zurich titled “Closing the cyber risk protection gap” is calling for a closer collaboration between the insurance industry and the public sector as cyber insurance coverage gaps remain. “Both the insurance industry and …

Cyber 258

Cyber Insurance Industry Protection Risk 258

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 264

Cyber Broker Insured Insurance 264

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 278

Cyber Insured Insurance Insurer 278

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 264

Cyber Risk Underwriting Underwriter 264

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 246

Cyber Insured Insurance Insurer 246

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 269

Cyber Claim Risk Insured 269

Insurance Journal

JUNE 4, 2025

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 grows, so does …

Cyber 249

Cyber Agents Risk Insured 249

Insurance Journal

DECEMBER 17, 2024

This edition of International People Moves details appointments at Arch Insurance and Chubb Overseas General. Arch Insurance Taps Symenouh From Tokio Marine as Senior Cyber Underwriter Arch Insurance has appointed Ezechiel Symenouh … A summary of these new hires follows here.

Cyber 262

Cyber Underwriting Underwriter Marine 262

Insurance Journal

DECEMBER 16, 2024

The state of Rhode Island is dealing with a cyber attack that has shut down a portal citizens use to access health insurance and other social services. Governor Dan McKee said that on December13, the state was informed by its …

Cyber 246

Cyber Insured Insurance Insurer 246

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 264

Cyber Underwriting Underwriter Risk 264

Insurance Journal

JANUARY 28, 2025

DUAL Europe announced the launch of DUAL Cyber Active Protect, a new product that combines comprehensive cyber insurance with proactive cyber prevention services. It also has launched a new entity DUAL Cyber Prevention and Response (DUAL CPR) which …

Cyber 208

Cyber Protection Insured Insurance 208

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 262

Cyber Risk Insured Insurance 262

Insurance Journal

DECEMBER 4, 2024

Aon Names O’Connell as Global Cyber Strategy and Growth Leader Aon plc named Robert O’Connell as global cyber strategy and growth leader, executive managing director, within its Reinsurance Solutions business. O’Connell will be based in New York. Previously, O’Connell served …

Cyber 246

Cyber Insurer Insurance Insured 246

Insurance Journal

JULY 24, 2024

billion, modeling and insurance services firm Parametrix estimates. The portion of the loss covered under cyber insurance policies … The total direct financial loss facing the US Fortune 500 companies, excluding Microsoft, from the CrowdStrike outage on July 19 is $5.4

Financial Loss 321

Financial Loss Cyber Insurance Policy Insurance 321

Insurance Journal

OCTOBER 7, 2024

Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, has appointed Tine Simonsen as the company’s head of Insurance for Continental Europe. As an experienced cyber underwriter and broking leader, Simonsen will anchor Coalition’s presence and expansion in …

Cyber 298

Cyber Underwriting Underwriter Agents 298

Insurance Journal

JUNE 1, 2025

Vendor-related risks, whether from technology suppliers or non-technology partners, have always been a concern and often drive a large number of cyber insurance claims notifications. Vendor risks have traditionally come in the form of data breaches, but increasingly, ransomware attacks …

Cyber 165

Cyber Insurance Claim Risk Claim 165

Insurance Journal

JUNE 16, 2025

Everest announced its international insurance division has launched a unified specialties business, bringing together its offerings across marine, aviation, energy & construction, cyber, and industry practices. Paul Trueman has been appointed to lead the new unit, as head of Specialty …

Cyber 165

Cyber Marine Insurance Insured 165

Insurance Journal

DECEMBER 19, 2024

Generali Global Corporate & Commercial Taps Allianz’s Moro as Head of Cyber Insurance … This edition of International People Moves details appointments at Generali Global Corporate & Commercial (GC&C) and the broker Miller. A summary of these new hires follows here.

Commercial 236

Commercial Cyber Broker Insurance 236

Simply Insurance

JUNE 14, 2025

Term Life Insurance Term Life Insurance Quotes How Much Is $150,000 In Life Insurance? How Much Is $500,000 In Life Insurance? How Much Is $1 Million In Life Insurance? Life Insurance Rates By State In Jun 2025! How Much Is A $100,000 Life Insurance Policy? How Does Landlord Insurance Work?

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Insurance Journal

OCTOBER 8, 2024

Intersys, the UK-based provider of cyber risk management solutions, announced its expansion in the UK insurance market with the opening of an office in Leadenhall Market in London. Intersys’ London office will serve as a hub for delivering cutting-edge cyber …

Cyber 276

Cyber Risk Insurance Insured 276

Insurance Journal

SEPTEMBER 10, 2024

Insurers and asset managers worldwide continue to focus on cybersecurity amid growing risks, according to findings from a Moody’s Ratings survey that polled 110 companies operating across both sectors. Respondents’ total investment in cybersecurity rose by 53% between 2019 and …

Cyber 262

Cyber Insurance Insured Insurer 262

Insurance Journal

MARCH 16, 2025

As cyber insurance rates have begun to stabilize, insurance carriers are seeking more diversification to fuel their underwriting and growth strategies, according to panelists at this year’s PLUS Cyber Symposium in New York City. “They’re seeking diversification in the standard …

Cyber 189

Cyber Insurance Carrier Risk Underwriting 189

Insurance Journal

MARCH 9, 2025

The history of insurance dates back as far as 2000 BCE, when merchants and traders developed basic risk-sharing agreements to protect against financial losses from unpredictable events. At its most basic, insurance as a concept was merely a financial safety …

Financial Loss 255

Financial Loss Cyber Insurance Insured 255

Insurance Journal

JULY 25, 2024

Global insured losses from last week’s massive IT outage are likely to range from $400 million to $1.5 billion, cyber analytics firm CyberCube said on Thursday. A software bug in cybersecurity firm CrowdStrike’s quality-control system caused the software update that …

Cyber 283

Cyber Insurance Insured Insurer 283

Insurance Journal

JUNE 10, 2025

Pennsylvania-based Erie Insurance is still working to restore systems following a network outage that it revealed on Sunday. “A network outage impacting Erie systems continues. All available resources are working to restore access as soon as possible,” the company reported …

Insurance 265

Insurance Insured Insurer Cyber 265

Insurance Journal

DECEMBER 3, 2024

A new report on emerging risks affecting wealthy households — those with assets of $500,000 to $5 million — highlights climate change, theft of collectibles and cybersecurity as top concerns. Chubb’s new “2024 Wealth Report: Cultivating Resilience in a Changing …

Cyber 289

Cyber Theft Risk Insurer 289

Insurance Journal

SEPTEMBER 9, 2024

The unique, evolving and often volatile nature of cyber risks has always lurked beneath the surface as the cyber insurance premium climbed in recent years. The recent CrowdStrike software failure underscored the dormant threats posed by aggregation risk, and the …

Risk 298

Risk Cyber Premium Insured 298

Insurance Journal

MAY 14, 2025

Markel Insurance, the insurance operations within Markel Group Inc., launched a specialist cyber product to provide up to US$5 million of cover per risk for indirect losses arising from an act of war. Cyber risks are a significant concern for …

Cyber 165

Cyber Risk Insured Insurance 165