This summer marks three years since the NotPetya malware attack, which has been called the most devastating cyber attack in history. While cyber experts say cybersecurity and prevention strategies have since evolved in many ways, they also warn another crippling …
Travelers Europe announced it has enhanced its cyber insurance product, Travelers CyberRisk, to provide more coverages and risk management solutions to strengthen customers’ overall cyber-security programs. The product is available to organizations of all sizes in the United Kingdom and …
With new surplus lines capacity backed by Lloyd’s, cyber insurance and security company Coalition is moving beyond offering primary insurance coverage and entering the excess cyber insurance market. The San Francisco-based managing general agency (MGA) says it will now provide …
Specialist insurer Beazley has launched a suite of cyber and financial lines insurance products to protect against the risks facing businesses and senior executives in Colombia. Beazley has tailored an information security and privacy (InfoSec) policy that protects against a …
Specialty insurer AXIS Insurance announced the hiring of three experienced underwriters to its U.S. Cyber and Technology team. Peter Smith will join AXIS as underwriting manager, while and Emma Werth and Jessica Currier will join as senior underwriters. Smith will …
Kovrr, a cyber risk modeling company, announced it has developed an easy-to-use open framework to measure and understand catastrophic cyber risk exposure. The CRA-Zones™ framework defines the minimal elements needed to provide a view of cyber risk aggregations, allows for …
Canopius, the London-based specialty re/insurer, announced the launch of a set of cyber property products for medium-to-large corporations across all sectors across the globe. In light of the ever-evolving cyber threat, the Canopius Cyber Property Damage Product Range (PDPR) will …
Cyber losses among businesses have risen nearly six-fold during the past year, from a median cost of $10,000 per firm to $57,000, according to an international survey commissioned by insurer Hiscox. Total cyber losses among the study group rose from …
Astaara, a marine insurance services business, announced it has secured a significant investment from UK marine insurer West of England P&I Club. Astaara is a new company, focused on risk management and loss prevention, which has developed a marine cyber …
Allianz Global Corporate & Specialty (AGCS) announced the launch of a new Allianz Cyber Protect product in the UK. AGCS, Allianz’s entity for large-scale corporate and specialty risks, released its new Allianz Cyber Protect policy that provides a full suite …
