Berkshire Hathaway Specialty Insurance Co. (BHSI) announced it has introduced Financial Institution Professional Indemnity (FIPI) insurance in Asia. “Financial institutions are seeing an increase in both the frequency and severity of professional indemnity claims,” said Scotland Walsh-Riddle, head of Executive …
American International Group, Inc. has launched a new cyber benchmarking model that quantifies and scores client cyber risk. The AIG model evaluates a client’s cyber security maturity against 10 common attack patterns across 11 commonly used technology devices. The model …
Quantemplate, a London-based insurtech firm that specializes in machine learning data transformation and analytics, announced that David Lundgren has been appointed CEO and board director. The company has also received £2.5 million (US$3.3 million) of new capital to accelerate its …
Lockton Affinity Lawyer has added CyberLock Lawyer to its portfolio of products for lawyers and firms with one to 19 attorneys. The CyberLock Lawyer cyber risk insurance policy protects firms and attorneys from cyber risks, such as confidentiality and privacy …
Prospect General Insurance Agency has expanded Flood Guard, its admitted residential flood insurance product, into Oregon. Flood Guard provides residential flood coverage and is an alternative to the National Flood Insurance Program (NFIP). Through its rating algorithm and online platform, …
Ascent Underwriting, a specialist niche-product managing general agent, has extended its CyberPro Regulatory Billings product to cover social engineering and computer crime, and also now offers the cyber modules of coverage on a nil deductible basis. The product, first launched …
Coalition is making its formal debut into the cyber insurance space, but with a twist. The San Francisco-based startup is also a cybersecurity firm. Founded in March 2017, Coalition is co-founded by technology entrepreneurs John Hering and Joshua Motta, and …
On the heels of its recent successful crowdfunding raise, the app-based insurtech managing general agent Wrisk has made another major step forward, receiving full authorization from the UK’s Financial Conduct Authority. At the same time being formally admitted into the …
The Arbella Insurance Group, has launched CyberPro Data Breach and Third Party Cyber coverage designed specifically for small and medium-sized businesses. The new CyberPro offers an end-to-end cyber security, including proactive protection and post-breach remediation to help minimize the risk …
Argo Insurance, a member of Argo Group International Holdings, Ltd., and an international underwriter of specialty insurance and reinsurance products, has partnered with Front Line Safety to offer services to its restaurant and grocery store policyholders. Front Line Safety is …
