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Cyber insurers to benefit from SentinelOne’s new risk management app
31st October 2022
SentinelOne, an autonomous cybersecurity platform company, has announced the addition of a new app for cyber insurers' risk management in its Singularity Marketplace. For organisations, the WatchTower Vital Signs Report app communicates an accurate profile of cyber security posture and controls to cyber insurers, streamlining the process of obtaining cyber insurance ... Read the full article
Cyber insurance study suggests businesses lack ransomware insurance
22nd August 2022
A recent BlackBerry Cyber Insurance Coverage study shows that businesses are growing increasingly concerned about how they will meet ransomware demands. Only 19% of those surveyed have ransomware coverage limits above $600,000, while 59% hoped the government would cover damages when future attacks are linked to other nation-states. Shishir Singh, Executive Vice ... Read the full article
Rossini and Suckerman take new roles within AXA XL cyber business
20th July 2022
AXA XL’s cyber insurance business has announced the creation of two new roles and several regional underwriting management appointments in the US. Rachel Rossini has assumed a new role as Product Manager for Cyber and Technology E&O. In her new role, Rossini will lead the company’s go-to-market strategy in the US cyber ... Read the full article
Loadsure makes senior appointments in Nathan Trimble and Kate Lawson
9th May 2022
Loadsure has made two appointments at the top of its organisation. The firm said it has promoted Nathan Trimble to CCO and Kate Lawson to head of people and culture, effective immediately. They both report to Jim Heide, COO. Johnny McCord, CEO of the company, said: “Both Nathan’s and Kate’s contributions have ... Read the full article
Skyward Specialty files IPO registration statement with SEC
27th April 2022
Specialty insurance firm Skyward Specialty has confidentially submitted a draft registration statement with the US’s Securities and Exchange Commission (SEC) relating to an initial public offering of its stock. The firm made the announcement in a statement but did not provide any information as to how many shares would be offered ... Read the full article
Ariel Re picks up Portfolio Manager from CyberCube
15th March 2022
Ariel Re has decided to implement analytics platform Portfolio Manager into its organisation. The software, from CyberCube, is a scenario-based data-driven model that enables risk professionals to develop insights for their senior leadership and teams. Portfolio Manager stress tests portfolios of insurance and reinsurance risks against a range of systemic cyber-related ... Read the full article
Global insurtech investment hits record $2.55bn in Q1: WTW
28th April 2021
New data from re/insurance broker Willis Towers Watson (WTW) shows that global investment in the insurtech sector reached a new quarterly high of $2.55 billion during the first quarter of 2021. This included eight so-called ‘mega-rounds’, which was more than in any other three-month period, analysts found, and which accounted for ... Read the full article
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