Insurance broker Marsh has unveiled the inaugural class of cybersecurity products and services receiving a Cyber Catalyst designation that is part of an evaluation program its backers hope will bring greater clarity in the crowded cybersecurity marketplace. Cyber Catalyst by …
When it comes to cybersecurity, Americans say they are concerned, but many are not taking the preventative steps needed to protect themselves from a cyber attack. According to Chubb’s Third Annual Cyber Report, complacency seems to have taken hold: eight-in-10 …
Insurtech Zeguro has launched its platform designed to help small and midsize companies manage cyber threats in multiple ways. The San Francisco-based managing general agency describes itself as an “end-to-end cyber safety platform and insurance provider.” Its new platform includes …
Kovrr, a Tel Aviv-based predictive cyber risk modeling company, announced a $5.5 Million financing round. The funding round was led by StageOne Ventures, Mundi Ventures and Innocells (the corporate venture arm and digital innovation hub of Banco Sabadell), and other …
As the cyber insurance market has continued its rapid growth, its loss vulnerabilities have become increasingly clear. A new report from Guy Carpenter and CyberCube Analytics has identified potential loss scenarios in the current market that run in the billions …
Payroll management firm Paychex is now making cyber liability insurance available to its clients through Paychex Insurance Agency and AXIS Insurance Co. The policy helps business owners mitigate the potential financial impact of data breaches, hackers, ransomware, and online banking …
A cyberattack on a suburban Omaha, Nebraska, school district touched off an FBI investigation and is proving to be a significant, and perhaps costly, inconvenience. Papillion-La Vista Community Schools officials said the district was forced to rebuild its servers after …
Seven in 10 senior financial executives at the world’s largest companies believe their insurer would cover most or all of the losses their company would incur in a cyber attack. Many of the losses they foresee, however, are rarely covered …
Willis Towers Watson, Lockton and Markel International each have appointed new cyber chiefs. Willis Towers Watson has appointed Peter Foster as chairman of Global FINEX Cyber and Cyber Risk Solutions. Foster has been with WTW for more than 14 years …
CFC Underwriting, the London-based managing general agent that specializes in emerging risks, announced the appointment of Roger Francis as Cyber Claims director. Francis will lead CFC’s cyber claims and incident response organization, as well as oversee CFC’s cyber risk management …
