Cyber
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NewsHowden: cyber-attacks cost UK businesses £44bn in the last five years
The (re)insurance broker has estimated firms can reduce the cost of cyber-attack by up to 75% (£30bn) by implementing simple cyber security basics more widely.
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NewsCyber-attacks doubled since 2020 – QBE research
The number of disruptive and destructive global cyber-attacks taking place each year will increase by 105% to the end of 2024, according to a report from insurer QBE.
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NewsCoalition Re launched as capacity deal announced
‘We equip carriers with deeper insights into the cyber risk in their books,’ says head
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NewsCyber market faces demand problem, needs pre-emptive approach – Intangic founder and CEO
MGA Intangic is in its second year, backed by AXA XL, and provides a pre-emptive approach to underwriting cyber risks.
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NewsIGI expanding specialty treaty arm amid reinsurance market opportunities – Jabsheh
The re/insurer’s treaty business has doubled in size, particularly in London market specialty, according to IGI’s president and CEO, speaking to GR at RVS 2024 in Monte Carlo.
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NewsDiscipline holds after ‘all time high’ – Hiscox Re & ILS
Matthew Wilken, chief underwriting officer (CUO) of Hiscox Re & ILS thinks pricing discipline and fresh demand mean the reinsurance market is in “a good place” this summer. He is responsible for the reinsurance carriers’ book of more than $1bn gross premium.
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NewsA remarkable year for ILS, navigating capital inflows and outflows – Aon’s Schultz
Insurance linked securities (ILS) markets have reached new heights in 2024, building on a record-breaking 2023, Aside from the achievement of record new issuance, Paul Schultz, CEO of Aon Securities, highlights the ILS market’s ability to continue to grow amid the flux of incoming and outgoing capital – a symptom ...
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NewsCyber insurance gap amid rising AI threats – Aon
An EMEA survey underpins a new cyber report from the broker, showing insurance is in place to cover less than a fifth of corporate information assets.
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NewsHowden Re appoints Gruen head of cyber threat intel
The reinsurance broker said it wants to bolster its cyber capabilities in a dynamic market, having made a slew of hires already to add to its cyber bench.
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NewsBeazley appoints Mounier head of Europe, cyber risks
Lucien Mounier was previously based in Singapore as specialty insurer and reinsurer Beazley’s head of Asia Pacific for the past six years.
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NewsAlta Signa MGA announces Swiss office D&O-led expansion
New office in Switzerland for the Brussels-based MGA will initially focus on D&O business.
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NewsDUAL appoints Sayce as emerging products leader
The MGA announced a newly created role of head of emerging products, with the holder joining from Allianz Commercial.
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NewsCyber reinsurance report highlights different dynamics to cat risks – Howden Re
A first-of-its-kind study from reinsurance broker Howden Re, uses data from cyber underwriters’ modelled losses for insights into the industry’s market risk tolerance.
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NewsWTW, AXIS boost cyber facility with increased capacity and broader coverage
The broker has announced “strategic enhancements” to its global cyber facility, led by AXIS Capital.
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NewsLockton Re cyber cat report focuses on reinsurance consequences
A reinsurance broking report shines a spotlight on the consequences of a potential cyber catastrophe across the re/insurance value chain.
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NewsAlta Signa: CFO deepfakes highlight urgency for cyber risk mitigation
As cyber threats evolve, insurers and reinsurers should prioritise the dissemination of technical risk mitigation expertise to policyholders, writes Mauro Marongiu, Alta Signa’s technical head of cyber underwriting.
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NewsHannover Re issues Cumulus Re, first cloud outage cyber cat bond
Parametrix and Hannover Re cooperate to structure and place Cumulus Re, a $13.75m first-of-its-kind cyber risk catastrophe bond.
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SponsoredVideo Q&A: CFC helps launch the world’s first Cyber Monitoring Center
Sponsored: Yiannis Kotoulas, acting editor of GR’s sister title Insurance Times, sat down with James Burns, CFC’s head of cyber strategy to talk about the world’s first Cyber Monitoring Centre.
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NewsBMS appoints Leahy cyber practice co-leader
The re/insurance broker announced Daniel Leahy joins from rival intermediary Howden.
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NewsLockton Re appoints new cyber leader for North America
Brian Lewis was previously cyber and professional liability product officer at Zurich.
