Cyber – Page 2
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NewsConstruction boom to lead expected growth for Gallagher’s Dubai practice
Onshore and offshore construction, M&A and financial lines are the top priorities for the reinsurance broker’s Middle East hub, Nadim Semaan told GR at GAIF34.
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NewsAxio announces Lloyd’s investment
Insurtech graduate of the Lloyd’s Lab focused on quantifying cyber risk for critical infrastructure.
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NewsBullish Lloyd’s expects to be in the top quartile – Tiernan
Four pillars of the Lloyd’s 2024 cyber strategy, a nat cat portfolio shift, and a “quiet revolution” in the market, were outlined by the Lloyd’s chief of markets, speaking at a Fitch Ratings event.
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NewsCyber leads Allianz Risk Barometer in 2024
Data breaches, attacks on critical infrastructure or physical assets and increased ransomware attacks drive cyber concerns, in the German insurer’s annual paper on the global risk landscape.
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NewsSwiss Re, Gallagher Re launch cyber retro ILW in market first
The industry loss warranty follows the successful launch of “PoleStar Re” underwritten-rule 144A cyber catastrophe bond in December.
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NewsHDI Global announces new Singapore head
Alex Tarantino, who currently leads Asia Pac cyber and liability for HDI, will replace Graham Silton as the German insurer’s managing director for its Singapore branch, when Silton retires.
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NewsTrueman joins as CFC’s CUO
Former cyber head at Axis, Dan Trueman joins CFC as chief underwriter after the London market MGA announced management changes after a Lloyd’s investigation into undisclosed allegations of non-financial misconduct.
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NewsSteadfast in turbulent times – Mapfre's Huertas addresses Geneva Association Summit
To mark 50 years of the Geneva Association, a keynote address from Mapfre’s CEO touched on themes of technology, cyber, climate, and closing the protection gap.
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NewsBaden Baden: Moody’s RMS to invest ‘full guns blazing’ in cyber as market reaches tipping point
Catastrophe modeller Moody’s RMS is investing heavily in cyber modelling in response to re/insurance demand.
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NewsLloyd’s reveals global economy exposed to $3.5trn major cyber attack
A systemic risk scenario from Lloyd’s focused on “a hypothetical but plausible cyber-attack”, with the US, China and Japan hardest hit.
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NewsSwiss Re calls for insurance innovation to meet digital risks
Latest Sigma study from the Swiss Re Institute focuses on the threat posed by a digital risk protection gap.
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NewsGallagher Re publishes report on ‘Gray Rhino’ cyber cat risk
A new paper from reinsurance broker Gallagher Re is focused on the prospect of a large-scale, systemic cyber-attack.
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NewsMoody’s global cyber survey finds 50% rise in cyber insurance premiums
Buyer budgets are on the rise while C-suite visibility of cyber risk has also markedly increased, Moody’s Investors Service found.
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NewsWar risk and cyber restrictions weigh on cargo renewals – IUMI panel
Cargo reinsurance underwriters are adding fresh restrictions, particularly relating to cyber and war risks, but what’s covered and what’s not under new wordings is a cause of confusion for brokers and clients, according to a reinsurance panel at IUMI 2023.
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NewsCyber reinsurance market evolves but further developments crucial
Across the cyber reinsurance market there have been major strides in maturity over the past few years from the creation of sound fundamentals to innovators pushing the envelope in new ways, writes Brittany Baker, vice president of Solution Consulting, CyberCube.
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NewsMutualisation – essence of insurance and generator of cyber growth
Jeffrey Sirr, senior advisor, DeNexus, writes on the strengths and weaknesses of cyber mutualisation.
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NewsGlobal cyber premiums could exceed $50bn by 2030 – Howden
Some 45% of cyber premium gets ceded to reinsurers, cyber reinsurance premium is currently about $6bn, but the cyber reinsurance market will need to more than triple in size by the end of this decade to meet demand, according to Howden.
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NewsTMK forms new standalone cyber, enterprise risk division
Tokio Marine Kiln said it wants to expand its presence in the standalone cyber market.
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NewsGlobal cyber market rockets in value - Guy Carp study
A Guy Carpenter report reveals more than three-fold increase in cyber insurance market value in four years, and models one-in-50 and one-in-200-year event cyber loss scenarios, topping out at a $33.4bn estimated potential market loss.
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NewsEnergy storage market has invisible cyber risks – Aon
The broker warned that a lack of robust cyber-security for critical operational technologies may be a weakness for battery storage risks being underwritten.
