Cyber – Page 3
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NewsEconomic and cyber risks lead global D&O priorities – WTW, Clyde & Co
Data losses and ransomware are top legal concerns for company directors, according to WTW and Clyde & Co’s Directors’ and Officers’ Liability Survey Report 2023.
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NewsRyan Dodd: Parametric solution ‘wasn’t the intent, it was the result’
Founder and CEO of Intangic says cyber insurance policy can ‘ease some of the headache’ for risk managers
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NewsCyber MGA Intangic launches with AXA XL-backed parametric policy
The policy has two triggers: the level of malicious activity targeting a company, and a subsequent loss in value
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NewsLondon-based specialty MGA Nirvana launches
Nirvana has been set up by founding directors Kabir Chanrai and Rob Jones after a buyout from Castel
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NewsCoalition enters excess cyber market in the UK
The additional capacity will help more businesses get the coverage they need to protect themselves from digital risks
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NewsCyber ILS has ‘momentum to succeed’ - Lockton Re
Securitisation can help ease the capacity constraints of the current hard market
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NewsBrit increases cyber consortium capacity by 50%
The product is designed to protect clients from the impact of physical damage arising from cyber-attacks
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NewsOasis cyber data standard will ‘unlock additional capital’
Improving efficiency of data transfer is key for the cyber insurance market to reduce costs, says open source modeller
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NewsBeazley reveals 13% rise in cyber fraud claims
Organisations must get smarter about educating employees to spot fraudulent tactics
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NewsLMA ‘sharply focused’ on supporting market’s transformation
Will lend its expertise to issues around systemic cyber, climate litigation, renewable energy and international wordings
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NewsWTW launches new XOL cyber facility as ‘ransomware crisis’ continues
Broker offers up to $50m of Lloyd’s excess layer capacity, as firms continue to cite cyber risk as a top priority
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NewsParametrix to pay claims after MS Azure Outage
Outage at the world’s second-ranked cloud service provider brought down multiple regions for nearly three hours
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NewsCyber war endorsements could invite innovation
These include the LMA war exclusion clauses introduced in November 2021
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NewsCyber war exclusions top industry’s list of concerns for 2023
Climate change and ESG responsibilities will also shape the direction of travel this year, predicts RPC
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NewsCyberCube model used to structure first cyber cat bond
The insurance market will see greater partnerships with ILS fund managers in 2023, research suggests
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NewsTMK launches 'all singing, all dancing' life sciences product
Policy includes intellectual property and cyber coverage in a first for the Lloyd’s market
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NewsIndustry’s first cyber cat bond to ‘unlock’ market potential
The $45m bond gives Beazley protection against all perils in excess of a $300m catastrophe event
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NewsCNA Hardy launches additional cyber cover for tech firms
The insurer’s new product also includes first party and thid party cyber cover as standard
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NewsCyber risk calls for collaboration between reinsurers and ILS funds
Successful growth of the cyber insurance industry requires deeper partnerships across the value chain - CyberCube
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NewsAndy Holmes: Cyber will be the biggest risk code for Lloyd’s in 2023
CFC’s chief underwriting officer says cyber insurance has ’had to grow up’, but balancing regulation and value propositions is tricky
