cyber market News

Everest Unveils Cyber Insurance Policy for Companies in All Industries

Everest Re Group, Ltd. has launched Everest Insurance Cyber Elevation Insurance Policy, which provides comprehensive cyber coverage and risk mitigation and remediation services to companies across all industry classes. According to Everest’s Cyber Insurance Practice Leader, Kevin Sherry, Cyber Elevation …

Insurers Can Protect Ratings with Cautious Approach to Cyber Risk: Fitch

The influence of cyber risk on insurer ratings is likely to be neutral or gradual as long as insurers continue take a cautious approach to the business, according to Fitch Ratings. At its recent cyber conference in New York, Fitch …

Travelers Comfortable with Its ‘Prudent’ Cyber Insurance Position

Travelers Cos. Inc. plans to stick to its recent growth pace for sales of cyber insurance, which protects businesses against hacking and other liabilities, despite potential to boost it, as the insurer assesses risks in the segment, its head of …

Texas Insurance Council Symposium to Address Cyber Threats

The Insurance Council of Texas and the Association of Fire and Casualty Companies in Texas’ Annual Mid-Year Symposium will feature a panel discussion on cybersecurity, the growing cyber market for insurers, and the threats associated with doing business in the …

Marsh Launches Global Excess Cyber Risk Facility Called ‘Cyber ECHO’

Marsh has launched “Cyber ECHO”, a global excess cyber risk facility that provides more reliable insurance coverage for organizations around the world. Following a series of high-profile cyber losses, underwriters have become more selective and may actually reduce the amount …