You searched for cyber attack - Page 58 of 70

Health and safety risks are top priority for 80% of directors and officers: Willis

1st April 2025

Willis, a WTW business, has revealed that health and safety risks remain a leading priority for directors and officers across the globe. According to the latest Directors and Officers Liability Insurance Survey, 80% of respondents consider these risks to be either very important or extremely important to their organisations. This survey ... Read the full article

BOXX announces new appointments including Weekes as Canada President

1st April 2025

BOXX Insurance, a cyber insurance and protection company, has announced a new organisational structure, including the appointment of a new Canadian President, Jonathan Weekes. Neal Jardine will be joining Weekes team as Global Cyber Intelligence and Claims Officer, and Phil Baker will fully transition to the global Chief Underwriting Officer (CUO). Weekes ... Read the full article

Rising AI adoption exposes businesses to new risks: Gallagher

18th March 2025

Adoption of artificial intelligence (AI) is at an all-time high, with nearly two-thirds of businesses testing AI in the past year and half already implementing it, however, Gallagher warns that growing usage also brings new risks, including a greater likelihood of AI-related claims if not properly governed. Gallagher’s research shows that ... Read the full article

Pool Re completes placement of new £2.75bn retrocession programme

3rd March 2025

Britain’s government-backed terrorism reinsurer, Pool Re, has completed the placement of a new retrocession programme with over 60 international reinsurers, providing £2.75 billion of aggregate excess of loss cover, up from £2.4 billion. This placement reportedly provides reinsurance for property damage resulting from acts of terrorism certified by the UK Government, ... Read the full article

Cowbell launches new unit to support US businesses against AI-driven threats

5th February 2025

Cowbell, a cyber insurance provider for small and medium-sized enterprises (SMEs), has launched the Cowbell Resiliency Services (CRS) unit to complement its existing risk management program. The unit was created in response to a rise in the frequency, severity, and diversity of cyber threats. Simultaneously, the unit also aims to tackle sophisticated ... Read the full article

Unlocking growth potential for insurers in the FemHealth sector: TMK

20th December 2024

International insurer Tokio Marine Kiln (TMK) has released a new report outlining the market opportunity for brokers and insurers to support founders in the ‘FemHealth’ sector, emphasising that insurance is crucial for unlocking growth in this space. FemHealth companies focus on women’s health issues such as menstruation, contraception, fertility, pregnancy, menopause, ... Read the full article

Grey zone threats increase for a variety of sectors: says WTW

13th December 2024

The risk to vessels, undersea cables, and offshore oil installations is growing primarily due to the availability of advanced weapons and the willingness of certain states, notably Russia and Iran, to disregard international maritime laws, according to global re/insurance broker WTW. In WTW's Political Risk Index for H2'24, the firm highlighted ... Read the full article

Envelop Risk completes three year capacity agreement with MS Reinsurance

10th December 2024

Data-driven cyber reinsurance and analytics specialist Envelop Risk has completed a capacity agreement with MS Reinsurance for a further three years, in addition to reaching the milestone of $1 billion gross written premium since its launch in 2018. At the same time, MS Reinsurance has become a client of Envelop’s new ... Read the full article

Businesses must ensure they take a considered approach when they implement AI: Beazley’s Cox

9th December 2024

Despite the excitement surrounding artificial intelligence's (AI) potential, businesses should take stock and ensure that they are taking a considered approach as they implement the technology into their systems, says Adrian Cox, Chief Executive Officer (CEO) of Beazley, the specialist insurer. "AI and how it can transform business has dominated conversation ... Read the full article

Qatar Insurance Group announces partnership with Ooredoo

26th November 2024

Qatar Insurance Group (QIC) and Ooredoo Group have signed a Memorandum of Understanding (MoU) to offer integrated insurance products that deliver innovative, customer-centric insurance solutions, and revolutionise insurance and telecommunications services. This strategic partnership is poised to revolutionize the insurance and telecommunications industries, reinforcing their leadership positions in their respective fields, ... Read the full article

Coalition highlights 68% surge in ransomware claims severity

21st November 2024

Coalition, an active insurance provider aimed at preventing digital risks before they occur, has released its 2024 Cyber Claims Report: Mid-Year Update, which highlights new trends in cyber threats and their effects on Coalition policyholders in the first half of 2024. One key finding from the report was a 68% increase ... Read the full article

IQUW expands FortiFI coverage to the Australian market with new territory-specific wording

5th November 2024

Re/insurance provider IQUW has announced that its Financial Institutions (FI) product, FortiFI, will introduce updated policy terms tailored for the Australian market by the end of October 2024. Originally launched in the US earlier this year, FortiFI is among the few comprehensive FI solutions available that includes integrated Cyber coverage. This new ... Read the full article

Beazley report highlights employee risk as global executive’s biggest threat

25th October 2024

In a time characterised by hybrid work arrangements, evolving workplace cultures, and heightened attention to misconduct, a significant portion of global executives, approximately 23%, identify employer risk as the most prominent threat they face during the current year, a recent Beazley report has revealed. This represents an increase compared to 18% ... Read the full article

FERMA Forum 2024 calls for a transformative approach to risk management

21st October 2024

FERMA, the Federation of European Risk Management Associations, represents the interests of risk managers across Europe, and in her opening speech at the FERMA Forum in Madrid, President Charlotte Hedemark urged them to adapt, improve, and innovate to tackle the fast-changing risk environment. In her address at the FERMA Forum 2024, ... Read the full article

E+S Rück anticipates further price increases and improved T&Cs at Jan 1

21st October 2024

E+S Rückversicherung AG, the Hannover Re subsidiary responsible for German business, has indicated that further price increases and improved terms and conditions are likely at the January 1, 2025, property and casualty reinsurance renewals, following losses caused by severe weather events in the country. Discussing natural catastrophe covers, E+S Rück observed ... Read the full article