Asta, the third-party managing agent at Lloyd’s, announced that Trium Cyber, a new risk carrier backed by Jim Stanard’s Pelican Ventures, has received “in principle” approval from Lloyd’s. Trium Cyber Syndicate 1322 expects to write $50 million of gross premiums …
Hackers stole personal data including Social Security numbers, addresses and account numbers of home mortgage holders at KeyBank, the bank reports, in the breach of a third-party vendor that serves multiple corporate clients. The hackers obtained the information on July …
Coalition, the San Francisco-based cyber managing general agent, began trading in the UK, effective Sept. 1, and has opened a London office. Backed by a multi-year capacity agreement with Allianz Global Corporate & Specialty, Coalition will distribute its products via …
Travelers and policyholder International Control Services (ICS) jointly filed a stipulation to have a federal court rescind an active cyber insurance policy that the insurer claimed was void due to the insured’s misrepresentation of multi-factor authentication use. According to documents …
The cyber re/insurance protection gap provides an opportunity for insurance-linked securities (ILS) investors, which historically have filled the gaps where traditional capital has either retrenched or is unavailable, according to a report published by S&P Global Ratings. “The demand for …
This story originally appeared on Stateline, an initiative of The Pew Charitable Trusts. Horry County, South Carolina, officials were in for a shock earlier this year, when they discovered their cyber insurance premium would be spiking from $70,000 last year …
At-Bay, the San Francisco-based insurtech and managing general agent, announced the acquisition of Relay, a technology solutions provider that enables the digital transformation of commercial insurance placements. Financial details of the transaction were not disclosed. Founded in 2019, Relay has …
According to a survey report released yesterday, not only are most North American businesses still not buying cyber insurance, but those that are don’t buy enough limit to cover last year’s median ransom demand. Summarizing the results of a poll …
Steven Anderson joins Safety National’s Cyber Insurance Team Steven Anderson has joined the Safety National cyber insurance team as Director of Cyber Underwriting. Anderson will be based out of the company’s Dallas office. With nearly 30 years of industry experience, …
Lloyd’s of London insurer Beazley on Friday reported first-half profits fell on hits to its investment portfolio from market volatility, but raised its full-year profitability guidance on an increase in cyber risk premiums. Beazley, a major cyber insurer, said it …
