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Major cyber catastrophe loss could accelerate market development: Lockton Re
24th April 2024
Lockton Re, the global reinsurance arm of the privately held independent insurance broker, has highlighted how a large cyber catastrophe event could have its benefits by pushing the market to work collaboratively and drive innovation and product development. In a new analysis, "A Kaleidoscope of Possibilities: Preparing for Ivan Wiper," the ... Read the full article
IQUW unveils new combined FI and Cyber solution, FortiFI
24th April 2024
IQUW, the property and specialty re/insurer has launched FortiFI, the company's new Financial Institutions (FI) wording featuring integrated cyber coverage, specifically tailored for US clients. According to the announcement, FortiFI will focus on supporting the needs of small to mid-market financial institutions, with coverage ranging from corporate finance and non-bank lenders to ... Read the full article
Zurich NA names Higginbotham as Head of Professional Liability & Cyber, US National Accounts
24th April 2024
Zurich North America, the commercial property and casualty insurer, has appointed Kara Higginbotham as the Head of Professional Liability and Cyber for U.S. National Accounts. Higginbotham will report to Brian Zink, the Head of Financial Lines, U.S. National Accounts. She will also continue leading the Corporate Accounts team until her successor ... Read the full article
Mulberri and Acronis partner to provide embedded cyber insurance for US SMBs
22nd April 2024
Mulberri, an AI-driven insurance platform, and Acronis, a provider of cyber security and data protection solutions, have partnered to provide cyber insurance to US-based small & medium-sized businesses customers. Through this partnership, Acronis customers can opt-in for Mulberri’s embedded Cyber Insurance directly through the Acronis platform. It also enables Acronis and Mulberri ... Read the full article
Cyber insurers and distributors to benefit from Zywave’s new quoting platform
22nd April 2024
Insurtech provider Zywave has launched Cyber Quoting, the latest addition to its comprehensive portfolio of quoting and proposal solutions. The centralised quoting platform seamlessly connects global cyber insurers with US distribution partners through a simplified and transparent data collection process that provides key insights into coverage submission and selection. Eric Rentsch, Zywave's ... Read the full article
D&O and cyber insurance premiums beginning to level off: BRP Group
19th April 2024
After several years of significant increases in insurance costs, followed by weighty decreases over the past 18 months, organisations are beginning to see a leveling off in premiums for both Directors & Officers (D&O) and cyber insurance, according to BRP Group, Inc. The independent insurance distribution firm recently released its third ... Read the full article
AEGIS London names new members of cyber team
18th April 2024
Lloyd’s insurer AEGIS London has announced the hire of a new underwriting team to focus on building a ‘profitable cyber portfolio’ and strengthen its position in the cyber market. Daniel Johnson has been appointed to the role of class underwriter for cyber and is joined by Lydia Lambert, who becomes cyber ... Read the full article
Cytora and DynaRisk announce partnership to improve cyber risk
17th April 2024
Digital risk processing platform Cytora has partnered with cybersecurity company DynaRisk to help insurers understand and reduce cyber risk. Through this partnership insurers will be able to use DynaRisk’s suite of cyber risk assessment data on Cytora’s platform. This will allow underwriters to immediately be able to take into account a host ... Read the full article
CRC Group and INSUREtrust form new Cyber Practice Group
16th April 2024
INSUREtrust, formerly housed in Starwind, has integrated into the Wholesale Brokerage Division of CRC Group, a wholesale specialty insurance distributor in North America, to form a cyber practice group. This strategic combination broadens INSUREtrust’s network and enhances CRC Group's cyber capabilities and expertise reinforcing its commitment to providing innovative solutions in ... Read the full article
Brokerslink adds McAfee to global network for cybersecurity expertise
16th April 2024
Brokerslink has announced that cyber security business McAfee has joined its broking network as a ‘B.Tech affiliate’. By integrating McAfee's industry-leading consumer cybersecurity expertise into its network, Brokerslink aims to support the way businesses approach cyber risk mitigation. McAfee offers a range of consumer cyber security services that include antivirus, mobile security, ... Read the full article
Integra licenses CyberCube software to bolster cyber growth in Turkey
16th April 2024
Integra Insurance and Reinsurance Broking Services is the first Turkish broker to roll out CyberCube’s Broking Manager, the cyber risk analytics platform for insurance intermediaries. It will license Broking Manager to bolster its growth plans for cyber and look to gain a competitive edge in this market. Integra holds a prominent ... Read the full article
Canopius bolsters cyber offering through partnership with Group-IB
15th April 2024
Global specialty re/insurer, Canopius Group, has entered into a partnership with Group-IB, a creator of cybersecurity technologies, which is set to strengthen Canopius’ cyber insurance offering with further advanced threat intelligence capabilities. With this being Group-IB’s first full-service partnership with a Lloyd’s of London syndicate, this collaboration between the two firms ... Read the full article
Newline Europe starts cyber business led by Johannes Beckers
10th April 2024
Newline Europe, a subsidiary of Newline Insurance Company Limited, has announced the appointment of Johannes Beckers as Head of Cyber for the Europe-wide expansion of its cyber insurance business. In his new role, based in Cologne, Beckers has been tasked to drive growth and the development of Newline Europe's cyber insurance ... Read the full article
Aon partners with ReliaQuest on cyber risk management
10th April 2024
Aon, the global insurance and reinsurance brokerage, has partnered with ReliaQuest to help organizations rapidly mature their security programs globally. This collaboration "represents a unique approach to helping companies assess and mitigate cyber risk." With ReliaQuest’s expertise and technology in detection, investigation, and response, and Aon’s cyber resilience capabilities, the pair aims ... Read the full article
Corvus streamlines cyber renewals with latest update
27th March 2024
Corvus Insurance, a cyber speciality insurer, has improved its policy renewal process by introducing an application-free, click-and-bind option for eligible accounts. This update will significantly reduce brokers' time spent on cyber renewals by eliminating repetitive application questions and offering clarity through personalised year-over-year coverage comparisons. Mike Karbassi, Chief Underwriting Officer at Corvus ... Read the full article