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Behind the Surge: What Cyber Claims Say About the Future of Risk

Insurance Journal

cyber insurance market witnessed a surge in reported claims, reaching a record 33,561 incidents, according to the 2024 NAIC Cyber Insurance Report. This escalation underscores the growing complexity and frequency of cyber threats for businesses across all sectors.

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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. Reputation risk … The cost of a cyberattack extends far beyond any immediate mitigation expenses or ransoms paid.

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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 … By Jahna Jacobson The cost of a cyberattack extends far beyond any immediate mitigation expenses or ransoms paid.

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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.

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

Insurance Journal

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 …

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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 …

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

Insurance Journal

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, …