Cyber Insurance Market Back From Brink After Onslaught of Ransomware Attacks February 27, 2023 By Max Reyes The cyber-insurance market, battered by a rash of pandemic-era ransomware attacks, is making a comeback. Price hikes are moderating, new...
Markets/Coverages: CFC Launches Policy Encryption for Cyber Cover in Industry First February 17, 2023 CFC Underwriting, the specialist managing general agent, announced it is introducing policy encryption for its cyber insurance policies – and...
Markets/Coverages: Brit Renews and Expands Flagship Cyber Consortium February 15, 2023 Brit Ltd. announced the renewal and planned expansion of its leading cyber consortium, Brit Cyber Attack Plus (BCAP), a cyber...
Coalition Cyber Insurance Now Offered to Large Enterprises With Revenue Up to $5B February 14, 2023 Coalition announced it has expanded its cybersecurity insurance offering to enterprise businesses with revenues up to $5 billion. The company’s...
Liberty Mutual Launches Global Cyber Office to Better Manage Complex Cyber Risks February 13, 2023 Liberty Mutual Insurance announced the formation of a Global Risk Solutions (GRS) Global Cyber Office and the appointment of a...
Zurich Insurance Leads Series B Fundraise for Cyber Insurtech BOXX Insurance February 7, 2023 BOXX Insurance, the Toronto-headquartered insurtech that combines cyber insurance and security, announced a US$14.4 million Series B funding round, led...
Coalition Launches Full-Stack Cyber Insurer for SMBs January 31, 2023 Insurtech Coalition on Jan. 30 announced the launch of a full-stack cyber insurance carrier. Coalition Insurance Company (CIC), what Coalition...
Markets/Coverages: WTW Launches Cyber Facility, Providing Excess Capacity Globally January 30, 2023 A new excess layer cyber facility, called CyXS, was launched by WTW, providing excess layer cyber capacity for global clients....
Ransomware Attack Closes 300 Yum Brands Eateries in UK for a Day January 19, 2023 Yum! Brands, Inc. on Wednesday announced that a ransomware attack affected certain information technology systems. Almost 300 of its restaurants...
Beazley Launches Global Re/insurance Market’s First Cyber Catastrophe Bond January 9, 2023 Specialist insurer Beazley has launched the global insurance market’s first cyber catastrophe bond. The $45 million bond gives Beazley indemnity...