cyber risks News

CGSC’s Esser on Managing Wholesale Expansion and Growth

Cooper Gay Swett & Crawford’s CEO, Toby Esser, has had a busy year since we last spoke with him at the Reinsurance Rendezvous in Monte Carlo, but the company he heads (CSGC) is moving forward to realize cost savings from …

TSC Advantage Enhances Cyber Assessment Technology for Insurers

TSC Advantage, an enterprise risk consultancy, has enhanced its cyber risk assessment Threat Vector Manager (TVM) technology for commercial organizations, critical infrastructure and the public sector. In addition, through its partnership with global insurance underwriters and brokers, TSC Advantage said …

Members of Aon Benfield’s Analytics Team Explain Cat Models

“Our remit at Aon Benfield Analytics is really to do the risk quantification part of reinsurance transactions,” said John Moore, the head of International Analytics operations. He’s responsible for overseeing the collection of massive amounts of data, the construction of …

Aon Benfield Launches its 13th Hazards Conference in Australia Next Week

Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc is hosting its 13th Biennial Hazards Conference in Australia next week from the 22nd to the 24th of September with the theme of “Think Outside the Risk.” The …

Rockwood Programs Adds Cyber Liability to Coverage Portfolio

Rockwood Programs has added cyber liability to its portfolio of management and professional liability products. The coverage can be attached to an underlying Rockwood account as an endorsement, with a separate sub-limit. Cyber liability can also be purchased on a …

CFC Underwriting Upgrades Cyber Policy

Lloyd’s underwriting agency, CFC has made a major upgrade to its flagship cyber and privacy product policy in order to protect customers against the changing face of cyber crime and react to the constant changes in the legal and regulatory …

Ascent ‘Ring-Fences’ Cyber Notification Costs to Protect Policy Limits

Ascent Underwriting, the cyber risks Managing General Agent (MGA) led by Amlin capacity, said it is “to ring-fence cyber breach notification costs separately from its main insurance policy limit to protect small and mid-market clients. “Launched this week, the new …

Events that Topped World Insurance News in 2012

While 2012 wasn’t as tumultuous as 2011, it had its share of insurance shaking trends and events. Here in roughly chronological order are some of them: 1) The costs of the flooding in Thailand in 2011, wasn’t conclusively calculated until …

Zurich/Advisen Poll Finds Cyber Risk Awareness Increasing

A note from Zurich Insurance indicates that the “vast majority of risk professionals say information security and other cyber risks are at least a moderate threat to their organizations,” according to a new survey sponsored by Zurich and administered by …

Willis Sees Threats on Horizon for Booming Latin American Energy Industry

“The booming Latin American energy industry is not insulated from the threat of a euro zone collapse or hostilities in the Middle East,” warned global insurance broker Willis. Speaking to a gathering of energy companies in Foz Do Iguacu, Brazil, …