business cyber risk News

Marsh Enhances Cyber Risk Products to Address Business Interruption Risks

Marsh has launched a suite of new and enhanced risk analytics and insurance coverages designed to address business interruption (BI) risks arising from cyber-attacks. Marsh’s new cyber BI suite includes proprietary insurance wording and risk assessment analytics, integrated into its …

XL Catlin to Offer Network Modeling, Cyber Risk Scoring Platform Through RedSeal

XL Catlin and RedSeal have partnered on a new approach to cyber insurance using an objective measurement of a network’s resilience to help underwriters evaluate their clients’ risks over time and help clients continue to improve their cybersecurity and potentially …

New AIG Cyber Model to Evaluate, Score Client Cyber Risk

American International Group, Inc. has launched a new cyber benchmarking model that quantifies and scores client cyber risk. The AIG model evaluates a client’s cyber security maturity against 10 common attack patterns across 11 commonly used technology devices. The model …

Lockton Affinity Adds Cyber Coverage to Lawyers PL Program

Lockton Affinity Lawyer has added CyberLock Lawyer to its portfolio of products for lawyers and firms with one to 19 attorneys. The CyberLock Lawyer cyber risk insurance policy protects firms and attorneys from cyber risks, such as confidentiality and privacy …

QBE Launches Privacy, Network Security Coverage for Businesses

QBE North America, an operating division of QBE Insurance Group Limited, has launched a new privacy & network security offering as part of its continued specialty insurance expansion. The new Solution for Cyber Risk product is a comprehensive product suite …

Cybersecurity Firm IDT911 Rebrands to CyberScout, Plans Global Expansion

Cybersecurity prevention and resolution firm IDT911 has changed its name to CyberScout, to better align with its mission of helping clients in the digital world deal with ever-evolving cyber threats. CyberScout primarily serves clients in the insurance, financial services and …

XL Catlin Introduces Cyber Insurance Endorsements for Specific Industries

XL Catlin’s Cyber & Technology has unveiled endorsements for financial institutions, healthcare, retailers as well as energy and utility companies that address cyber risks of each industry. “All businesses are growing more and more connected. Yet, they still have their …

Edgewater Holdings, Brit Global to Offer Cyber Security Coverage

Edgewater Holdings has collaborated with specialty insurer and reinsurer Brit Global Specialty to offer cyber security protection through the Employment Practices Risk Management Association (EPRMA). Policies purchased through Edgewater’s network come with membership to EPRMA and include value-added features such …

Zurich Extends Security, Privacy Coverage to Captives

Zurich Insurance has expanded its cyber insurance product to companies and their captives to protect against risks associated with data security breaches including cyber-related breaches. Zurich’s Security and Privacy Protection policy is now available to companies and their captives to …

Hanover Stone Partners, UnitedLex to Offer Cyber Risk Management Services

Hanover Stone Partners, a risk management services firm, and UnitedLex, a business advisory company, have collaborated on cyber-security, legal services and other risk management options for businesses and other commercial entities. UnitedLex works with clients on their cyber-related risks through …